Noble Midstream Partners LP (NBLX) Given Average Rating of “Buy” by Brokerages
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.
ILLEGAL ACTIVITY WARNING: This report was published by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/07/24/noble-midstream-partners-lp-nblx-given-average-rating-of-buy-by-brokerages-2.html.
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).
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.