Noble Midstream Partners LP (NBLX) Earns Outperform Rating from Analysts at Robert W. Baird
Investment analysts at Robert W. Baird initiated coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a research report issued on Monday. The firm set an “outperform” rating and a $39.00 price target on the stock. Robert W. Baird’s target price indicates a potential upside of 40.74% from the stock’s previous close.
A number of other research analysts have also recently commented on NBLX. Barclays PLC began coverage on Noble Midstream Partners in a research note on Monday. They set an “overweight” rating on the stock. Mizuho began coverage on Noble Midstream Partners in a research note on Monday. They set a “buy” rating and a $33.00 price objective on the stock.
Shares of Noble Midstream Partners (NASDAQ:NBLX) opened at 27.71 on Monday. The firm’s 50-day moving average price is $27.17 and its 200-day moving average price is $27.17. Noble Midstream Partners has a 52-week low of $26.00 and a 52-week high of $28.35.
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In other Noble Midstream Partners news, insider Thomas W. Christensen purchased 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The shares were acquired 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 owns 1,500 shares in the company, valued at approximately $33,750. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John F. Iv Bookout purchased 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was acquired 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 owns 7,000 shares of the company’s stock, valued at approximately $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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