Deutsche Bank AG Begins Coverage on Noble Midstream Partners LP (NBLX)
Deutsche Bank AG assumed coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a research report issued on Monday, The Fly reports. The firm set a “hold” rating on the stock.
Other equities research analysts have also issued research reports about the company. Mizuho began coverage on Noble Midstream Partners in a research report on Monday. They set a “buy” rating and a $33.00 price target on the stock. Robert W. Baird began coverage on Noble Midstream Partners in a research report on Monday. They set an “outperform” rating and a $39.00 price target on the stock. Finally, Barclays PLC began coverage on Noble Midstream Partners in a research report on Monday. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $36.00.
Shares of Noble Midstream Partners (NASDAQ:NBLX) opened at 27.71 on Monday. Noble Midstream Partners has a 12 month low of $26.00 and a 12 month high of $28.35. The firm’s 50-day moving average price is $27.17 and its 200-day moving average price is $27.17.
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In other news, CEO Terry R. Gerhart bought 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The shares were acquired at an average price of $22.50 per share, with a total value of $337,500.00. Following the transaction, the chief executive officer now owns 15,000 shares in the company, valued at $337,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas W. Christensen bought 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The stock was purchased at an average cost of $22.50 per share, for a total transaction of $33,750.00. Following the transaction, the insider now owns 1,500 shares in the company, valued at approximately $33,750. The disclosure for this purchase can be found here.
Noble Midstream Partners Company Profile
Noble Midstream Partners LP owns, operates, develop, and acquires a range of domestic midstream infrastructure assets. The Company provides crude oil, natural gas, and water-related midstream services for Noble Energy, Inc The Company’s operating assets are focused on the Denver-Julesburg Basin (DJ Basin) in Colorado.
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