Noble Midstream Partners LP (NBLX) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.
JPMorgan Chase & Co. began coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a research report issued on Monday, The Fly reports. The firm set an “overweight” rating on the stock.
NBLX has been the topic of a number of other research reports. Mizuho initiated coverage on Noble Midstream Partners in a report on Monday. They issued a “buy” rating and a $33.00 target price on the stock. Deutsche Bank AG initiated coverage on Noble Midstream Partners in a report on Monday. They issued a “hold” rating on the stock. Robert W. Baird initiated coverage on Noble Midstream Partners in a report on Monday. They issued an “outperform” rating and a $39.00 target price on the stock. Finally, Barclays PLC initiated coverage on Noble Midstream Partners in a report on Monday. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the 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 52 week low of $26.00 and a 52 week high of $28.35. The company has a 50 day moving average of $27.17 and a 200-day moving average of $27.17.
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In other news, insider Thomas W. Christensen purchased 1,500 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was acquired at an average price of $22.50 per share, with a total value of $33,750.00. Following the purchase, the insider now owns 1,500 shares in the company, valued at approximately $33,750. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary W. Willingham purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was purchased at an average cost of $22.50 per share, with a total value of $225,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $225,000. 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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