Noble Midstream Partners LP (NBLX) Research Coverage Started at Mizuho
Analysts at Mizuho began coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a research report issued on Monday, StockTargetPrices.com reports. The firm set a “buy” rating and a $33.00 price target on the stock. Mizuho’s price objective points to a potential upside of 19.09% from the stock’s previous close.
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.
In related 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 purchased at an average cost of $22.50 per share, with a total value of $33,750.00. Following the completion of the acquisition, the insider now directly owns 1,500 shares of the company’s stock, valued at approximately $33,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Terry R. Gerhart purchased 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was bought at an average cost of $22.50 per share, for a total transaction of $337,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at $337,500. The disclosure for this purchase can be found here.
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About Noble Midstream Partners
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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