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

A number of brokerages have recently issued reports on NBLX. Barclays PLC set a $55.00 price objective on shares of Noble Midstream Partners and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Scotiabank set a $50.00 price objective on shares of Noble Midstream Partners and gave the company a “buy” rating in a research note 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 research note on Monday, July 10th. Finally, Zacks Investment Research cut shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th.

WARNING: “Noble Midstream Partners LP (NBLX) Given Consensus Rating of “Buy” by Analysts” was posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.americanbankingnews.com/2017/08/18/noble-midstream-partners-lp-nblx-given-consensus-rating-of-buy-by-analysts.html.

A number of large investors have recently made changes to their positions in the stock. Taylor Wealth Management Partners boosted 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 during the last quarter. Global X Management Co. LLC purchased a new stake in shares of Noble Midstream Partners during the second quarter valued at $198,000. Northern Trust Corp purchased a new stake in shares of Noble Midstream Partners during the second quarter valued at $213,000. JPMorgan Chase & Co. boosted its stake in shares of 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 last quarter. Finally, Diversified Trust Co boosted its stake in shares of Noble Midstream Partners by 1.7% in the second quarter. Diversified Trust Co now owns 5,417 shares of the energy company’s stock valued at $246,000 after buying an additional 88 shares during the last quarter. 78.55% of the stock is owned by institutional investors and hedge funds.

Noble Midstream Partners (NYSE:NBLX) opened at 44.20 on Friday. The company has a market cap of $1.59 billion and a P/E ratio of 25.00. The stock’s 50 day moving average is $44.76 and its 200 day moving average is $47.11. Noble Midstream Partners has a 1-year low of $26.00 and a 1-year high of $53.29.

Noble Midstream Partners (NYSE:NBLX) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analysts’ expectations of $45.20 million. Equities analysts anticipate that Noble Midstream Partners will post $3.77 earnings per share for the current fiscal year.

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

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).

Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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.