Noble Midstream Partners LP (NBLX) Research Coverage Started at Robert W. Baird
Analysts at Robert W. Baird began coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a research note issued on Monday. The brokerage set an “outperform” rating and a $39.00 price target on the stock. Robert W. Baird’s price objective points to a potential upside of 40.74% from the stock’s previous close.
Several other brokerages also recently issued reports on NBLX. Mizuho assumed coverage on shares of Noble Midstream Partners in a research report on Monday. They set a “buy” rating and a $33.00 price objective on the stock. Barclays PLC initiated coverage on shares of Noble Midstream Partners in a research report on Monday. They set an “overweight” rating on the stock.
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’s 50-day moving average is $27.17 and its 200 day moving average is $27.17.
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In related news, COO John C. Nicholson acquired 2,700 shares of Noble Midstream Partners stock in a transaction that occurred on Tuesday, September 20th. The stock was purchased at an average price of $22.50 per share, for a total transaction of $60,750.00. Following the completion of the purchase, the chief operating officer now directly owns 2,700 shares of the company’s stock, valued at $60,750. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas W. Christensen acquired 1,500 shares of Noble Midstream Partners stock in a transaction that occurred on Tuesday, September 20th. The stock was bought at an average price of $22.50 per share, with a total value of $33,750.00. Following the purchase, the insider now directly owns 1,500 shares of the company’s stock, valued at $33,750. The disclosure for this purchase can be found here.
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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