Scotiabank Reaffirms “Outperform” Rating for Noble Midstream Partners LP (NBLX)
Noble Midstream Partners LP (NASDAQ:NBLX)‘s stock had its “outperform” rating restated by equities research analysts at Scotiabank in a note issued to investors on Thursday. They currently have a $38.00 price objective on the stock. Scotiabank’s price objective suggests a potential upside of 30.72% from the company’s current price.
A number of other analysts have also recently commented on the stock. Bank of America Corp. restated a “buy” rating and set a $32.00 price target on shares of Noble Midstream Partners in a research note on Wednesday. Mitsubishi UFJ Financial Group assumed coverage on shares of Noble Midstream Partners in a research note on Monday. They set a “buy” rating and a $32.00 price target on the stock. Howard Weil assumed coverage on shares of Noble Midstream Partners in a research note on Tuesday. They set a “sector outperform” rating and a $38.00 price target on the stock. Citigroup Inc. assumed coverage on shares of Noble Midstream Partners in a research note on Monday. They set a “buy” rating and a $33.50 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Noble Midstream Partners in a research note on Monday. They set an “overweight” rating and a $34.00 price target on the stock. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Noble Midstream Partners presently has a consensus rating of “Buy” and an average target price of $34.35.
Noble Midstream Partners (NASDAQ:NBLX) traded down 2.13% during mid-day trading on Thursday, hitting $28.45. 38,774 shares of the company’s stock were exchanged. Noble Midstream Partners has a 12 month low of $26.00 and a 12 month high of $29.72. The stock’s 50 day moving average price is $27.39 and its 200-day moving average price is $27.39.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/scotiabank-reaffirms-outperform-rating-for-noble-midstream-partners-lp-nblx.html
In other news, COO John C. Nicholson bought 2,700 shares of the stock in a transaction on Tuesday, September 20th. The shares were acquired at an average cost of $22.50 per share, for a total transaction of $60,750.00. Following the purchase, the chief operating officer now directly owns 2,700 shares of the company’s stock, valued at approximately $60,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John F. Iv Bookout bought 7,000 shares of the stock in a transaction on Tuesday, September 20th. The stock was purchased at an average price of $22.50 per share, for a total transaction of $157,500.00. Following the completion of the purchase, the chief financial officer now directly owns 7,000 shares in the company, valued at $157,500. 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.
Receive News & Ratings for Noble Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.