Noble Midstream Partners LP (NBLX) Coverage Initiated by Analysts at Barclays PLC
Barclays PLC assumed coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a research report issued on Monday. The brokerage set an “overweight” rating and a $35.00 price target on the stock. Barclays PLC’s target price would indicate a potential upside of 23.20% from the company’s previous close.
Separately, Mizuho began coverage on Noble Midstream Partners in a research note on Monday. They issued a “buy” rating and a $33.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $34.90.
Shares of Noble Midstream Partners (NASDAQ:NBLX) traded up 2.53% during trading on Monday, hitting $28.41. 674,956 shares of the stock traded hands. Noble Midstream Partners has a 52-week low of $26.00 and a 52-week high of $28.99. The stock has a 50 day moving average of $27.17 and a 200 day moving average of $27.17.
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In related news, CEO Terry R. Gerhart bought 15,000 shares of the business’s 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 $337,500.00. Following the completion of the purchase, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at $337,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John F. Iv Bookout bought 7,000 shares of the business’s stock in a transaction on Tuesday, September 20th. The stock was bought at an average price of $22.50 per share, for a total transaction of $157,500.00. Following the purchase, the chief financial officer now directly owns 7,000 shares of the company’s stock, valued at $157,500. 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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