Analysts predict that Noble Midstream Partners LP (NYSE:NBLX) will report $54.47 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Noble Midstream Partners’ earnings, with the highest sales estimate coming in at $66.30 million and the lowest estimate coming in at $42.63 million. Noble Midstream Partners posted sales of $48.24 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12.9%. The company is scheduled to issue its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Noble Midstream Partners will report full-year sales of $54.47 million for the current fiscal year, with estimates ranging from $176.17 million to $245.60 million. For the next financial year, analysts expect that the company will post sales of $344.73 million per share, with estimates ranging from $243.98 million to $458.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Noble Midstream Partners.

Noble Midstream Partners (NYSE:NBLX) last issued 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 firm had revenue of $57.78 million for the quarter, compared to analyst estimates of $45.20 million.

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

Hedge funds have recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its stake in Noble Midstream Partners by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,179 shares of the energy company’s stock worth $462,000 after buying an additional 26 shares during the last quarter. Diversified Trust Co raised its stake in Noble Midstream Partners by 1.7% in the second quarter. Diversified Trust Co now owns 5,417 shares of the energy company’s stock worth $246,000 after buying an additional 88 shares during the last quarter. 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 worth $215,000 after buying an additional 125 shares during the last quarter. NBW Capital LLC raised its stake in Noble Midstream Partners by 0.3% in the second quarter. NBW Capital LLC now owns 277,378 shares of the energy company’s stock worth $12,593,000 after buying an additional 788 shares during the last quarter. Finally, 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 worth $102,000 after buying an additional 950 shares during the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.

Shares of Noble Midstream Partners (NBLX) traded up 0.02% during midday trading on Friday, reaching $44.21. 98,344 shares of the company’s stock traded hands. Noble Midstream Partners has a 52-week low of $26.00 and a 52-week high of $53.29. The company has a 50 day moving average of $44.72 and a 200 day moving average of $47.11. The firm has a market cap of $1.59 billion and a PE ratio of 25.01.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a $0.4457 dividend. This is a positive change from Noble Midstream Partners’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.78 dividend on an annualized basis and a yield of 4.03%. Noble Midstream Partners’s dividend payout ratio (DPR) is presently 67.17%.

ILLEGAL ACTIVITY WARNING: This piece was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/20/brokerages-anticipate-noble-midstream-partners-lp-nblx-will-announce-quarterly-sales-of-54-47-million.html.

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).

Get a free copy of the Zacks research report on Noble Midstream Partners (NBLX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.