Equities research analysts expect Noble Midstream Partners LP (NYSE:NBLX) to post $45.52 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Noble Midstream Partners’ earnings, with estimates ranging from $38.99 million to $49.80 million. The firm is expected to announce its next quarterly earnings report on Monday, August 7th.

According to Zacks, analysts expect that Noble Midstream Partners will report full-year sales of $45.52 million for the current financial year, with estimates ranging from $181.12 million to $263.00 million. For the next financial year, analysts forecast that the firm will post sales of $337.54 million per share, with estimates ranging from $263.58 million to $448.40 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Noble Midstream Partners.

NBLX has been the subject of a number of recent research reports. Zacks Investment Research upgraded Noble Midstream Partners from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Thursday, April 6th. Johnson Rice initiated coverage on Noble Midstream Partners in a research note on Friday, March 24th. They issued a “buy” rating for the company. Barclays PLC set a $55.00 target price on Noble Midstream Partners and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Finally, Mizuho increased their target price on Noble Midstream Partners from $47.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, February 15th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $42.36.

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Shares of Noble Midstream Partners (NYSE NBLX) remained flat at $48.68 during trading on Thursday. 24,249 shares of the stock traded hands. The firm has a market cap of $1.55 billion and a price-to-earnings ratio of 31.31. The stock’s 50-day moving average is $46.92 and its 200-day moving average is $44.84. Noble Midstream Partners has a 1-year low of $26.00 and a 1-year high of $53.29.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in shares of Noble Midstream Partners during the fourth quarter worth approximately $3,290,000. FMR LLC increased its position in shares of Noble Midstream Partners by 2,288.5% in the fourth quarter. FMR LLC now owns 735,075 shares of the energy company’s stock worth $26,463,000 after buying an additional 704,300 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of Noble Midstream Partners by 181.4% in the fourth quarter. Westwood Holdings Group Inc. now owns 237,246 shares of the energy company’s stock worth $8,541,000 after buying an additional 152,927 shares in the last quarter. HITE Hedge Asset Management LLC increased its position in shares of Noble Midstream Partners by 11.4% in the fourth quarter. HITE Hedge Asset Management LLC now owns 535,730 shares of the energy company’s stock worth $19,286,000 after buying an additional 54,862 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Noble Midstream Partners by 12.5% in the first quarter. Bank of Montreal Can now owns 67,500 shares of the energy company’s stock worth $3,515,000 after buying an additional 7,500 shares in the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

About Noble Midstream Partners

Noble Midstream Partners LP is engaged in owning, operating, developing and acquiring a range of domestic midstream infrastructure assets. The Company’s areas of focus are in the area of Denver-Julesburg (DJ) Basin in Colorado and the Southern Delaware Basin position of the Permian Basin in Texas (Delaware Basin).

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