JPMorgan Chase & Co. Initiates Coverage on Noble Midstream Partners LP (NBLX)
Analysts at JPMorgan Chase & Co. began coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a research report issued to clients and investors on Monday, The Fly reports. The firm set an “overweight” rating on the stock.
Other equities research analysts have also issued research reports about the stock. Mizuho began coverage on shares of Noble Midstream Partners in a research report on Monday. They issued a “buy” rating and a $33.00 price objective for the company. Deutsche Bank AG began coverage on shares of Noble Midstream Partners in a research report on Monday. They issued a “hold” rating for the company. Robert W. Baird began coverage on shares of Noble Midstream Partners in a research report on Monday. They issued an “outperform” rating and a $39.00 price objective for the company. Finally, Barclays PLC began coverage on shares of Noble Midstream Partners in a research report on Monday. They issued an “overweight” rating for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Noble Midstream Partners presently has an average rating of “Buy” and a consensus price target of $36.00.
Shares of Noble Midstream Partners (NASDAQ:NBLX) opened at 27.71 on Monday. Noble Midstream Partners has a 52-week low of $26.00 and a 52-week high of $28.35. The stock’s 50 day moving average is $27.17 and its 200 day moving average is $27.17.
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In related news, Director Gary W. Willingham acquired 10,000 shares of Noble Midstream Partners stock in a transaction on Tuesday, September 20th. The shares were purchased at an average cost of $22.50 per share, for a total transaction of $225,000.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $225,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas W. Christensen acquired 1,500 shares of Noble Midstream Partners stock in a transaction on Tuesday, September 20th. The shares were bought at an average price of $22.50 per share, for a total transaction of $33,750.00. Following the completion of the purchase, the insider now directly owns 1,500 shares in the company, valued at $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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