Analysts predict that Noble Midstream Partners LP (NYSE:NBLX) will announce sales of $46.06 million for the current quarter, Zacks reports. Three analysts have provided estimates for Noble Midstream Partners’ earnings, with the highest sales estimate coming in at $51.40 million and the lowest estimate coming in at $38.99 million. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, August 3rd.

On average, analysts expect that Noble Midstream Partners will report full-year sales of $46.06 million for the current financial year, with estimates ranging from $181.12 million to $245.60 million. For the next year, analysts expect that the company will post sales of $339.99 million per share, with estimates ranging from $263.58 million to $458.20 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Noble Midstream Partners.

A number of brokerages have recently commented on NBLX. Zacks Investment Research cut Noble Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, March 22nd. Barclays PLC set a $55.00 price objective on Noble Midstream Partners and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Johnson Rice assumed coverage on Noble Midstream Partners in a research report on Friday, March 24th. They issued a “buy” rating on the stock. Finally, Scotiabank set a $50.00 price objective on Noble Midstream Partners and gave the company a “buy” rating in a research report on Thursday, June 22nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $43.45.

Several large investors have recently bought and sold shares of NBLX. Taylor Wealth Management Partners raised its stake in Noble Midstream Partners by 95.0% in the first quarter. Taylor Wealth Management Partners now owns 1,950 shares of the energy company’s stock valued at $102,000 after buying an additional 950 shares during the period. JPMorgan Chase & Co. raised its stake in Noble Midstream Partners by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 4,129 shares of the energy company’s stock valued at $215,000 after buying an additional 125 shares during the period. Tower Research Capital LLC TRC raised its stake in Noble Midstream Partners by 2,540.5% in the first quarter. Tower Research Capital LLC TRC now owns 5,149 shares of the energy company’s stock valued at $268,000 after buying an additional 4,954 shares during the period. Diversified Trust Co bought a new stake in Noble Midstream Partners during the first quarter valued at approximately $278,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in Noble Midstream Partners during the first quarter valued at approximately $349,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

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Shares of Noble Midstream Partners (NYSE:NBLX) opened at 46.01 on Friday. Noble Midstream Partners has a 12 month low of $26.00 and a 12 month high of $53.29. The company has a market cap of $1.46 billion and a price-to-earnings ratio of 29.59. The company’s 50 day moving average price is $46.23 and its 200 day moving average price is $45.74.

Noble Midstream Partners Company Profile

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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