Shares of Noble Midstream Partners LP (NYSE:NBLX) have earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $43.00.

Several analysts have weighed in on the company. Zacks Investment Research cut Noble Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Mizuho cut Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research report on Monday, July 10th. Scotiabank set a $50.00 target price on shares of Noble Midstream Partners and gave the company a “buy” rating in a research note on Thursday, June 22nd. Finally, Barclays PLC set a $55.00 target price on shares of Noble Midstream Partners and gave the company a “buy” rating in a research note on Tuesday, May 2nd.

Shares of Noble Midstream Partners (NYSE:NBLX) traded up 0.46% on Monday, reaching $45.48. The company’s stock had a trading volume of 1,628 shares. The company has a market cap of $1.45 billion and a P/E ratio of 29.25. Noble Midstream Partners has a 12-month low of $26.00 and a 12-month high of $53.29. The company’s 50 day moving average price is $45.92 and its 200 day moving average price is $46.61.

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Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position 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. Raymond James Financial Services Advisors Inc. bought a new position in Noble Midstream Partners during the first quarter valued at approximately $703,000. Jennison Associates LLC increased its position in Noble Midstream Partners by 2.1% in the first quarter. Jennison Associates LLC now owns 408,454 shares of the energy company’s stock valued at $21,272,000 after buying an additional 8,278 shares during the period. Miller Howard Investments Inc. NY bought a new position in Noble Midstream Partners during the first quarter valued at approximately $1,315,000. Finally, Russell Investments Group Ltd. increased its position in Noble Midstream Partners by 3.5% in the first quarter. Russell Investments Group Ltd. now owns 93,349 shares of the energy company’s stock valued at $4,859,000 after buying an additional 3,187 shares during the period. Institutional investors and hedge funds own 92.94% of the company’s stock.

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).

Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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