Wall Street brokerages expect that Noble Midstream Partners LP (NYSE:NBLX) will post earnings of $0.97 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Noble Midstream Partners’ earnings. The highest EPS estimate is $1.12 and the lowest is $0.90. Noble Midstream Partners reported earnings of $0.10 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 870%. The company is expected to announce its next earnings results on Wednesday, November 1st.

On average, analysts expect that Noble Midstream Partners will report full year earnings of $3.62 per share for the current fiscal year, with EPS estimates ranging from $3.42 to $3.83. For the next year, analysts expect that the company will post earnings of $4.51 per share, with EPS estimates ranging from $3.84 to $5.86. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Noble Midstream Partners.

Noble Midstream Partners (NYSE:NBLX) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.23. Noble Midstream Partners had a net margin of 50.57% and a return on equity of 31.64%. The company had revenue of $57.78 million during the quarter, compared to analyst estimates of $45.20 million.

A number of equities research analysts have commented on NBLX shares. Scotiabank set a $50.00 price target on shares of Noble Midstream Partners and gave the stock a “buy” rating in a report on Thursday, August 3rd. Mizuho cut shares of Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a report on Monday, July 10th. Barclays PLC set a $55.00 price objective on shares of Noble Midstream Partners and gave the company a “buy” rating in a report on Tuesday, May 2nd. Finally, Zacks Investment Research cut shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $43.45.

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Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can raised its stake 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 valued at $3,515,000 after buying an additional 7,500 shares in the last quarter. Diversified Trust Co bought a new stake in shares of Noble Midstream Partners during the first quarter valued at approximately $278,000. Taylor Wealth Management Partners raised its stake in shares of 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 in the last quarter. Acadian Asset Management LLC raised its stake in shares of Noble Midstream Partners by 1,457.3% in the first quarter. Acadian Asset Management LLC now owns 60,268 shares of the energy company’s stock valued at $3,139,000 after buying an additional 56,398 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Noble Midstream Partners during the first quarter valued at approximately $349,000. 78.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of Noble Midstream Partners (NYSE:NBLX) traded up 0.02% during trading on Friday, hitting $44.21. 98,344 shares of the stock traded hands. The firm has a market capitalization of $1.59 billion and a price-to-earnings ratio of 25.01. Noble Midstream Partners has a 1-year low of $26.00 and a 1-year high of $53.29. The firm has a 50-day moving average of $44.76 and a 200-day moving average of $47.11.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were given a $0.4457 dividend. This is a positive change from Noble Midstream Partners’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, August 3rd. This represents a $1.78 annualized dividend and a yield of 4.03%. Noble Midstream Partners’s payout ratio is currently 67.17%.

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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