Noble Midstream Partners LP (NYSE:NBLX) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

Several other equities analysts have also commented on the company. BidaskClub raised Noble Midstream Partners from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $57.00 target price on shares of Noble Midstream Partners in a report on Thursday, August 31st. Scotiabank set a $50.00 target price on Noble Midstream Partners and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Noble Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Mizuho lowered 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $45.09.

Shares of Noble Midstream Partners (NYSE:NBLX) traded up 2.22% on Friday, hitting $49.70. The company’s stock had a trading volume of 205,409 shares. Noble Midstream Partners has a 1-year low of $26.04 and a 1-year high of $53.29. The firm has a market cap of $1.79 billion and a PE ratio of 28.11. The company has a 50 day moving average of $48.14 and a 200 day moving average of $49.36.

Noble Midstream Partners (NYSE:NBLX) last posted its earnings results on Thursday, August 3rd. The energy company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.23. The company had revenue of $57.78 million during the quarter, compared to analyst estimates of $45.20 million. Noble Midstream Partners had a return on equity of 31.64% and a net margin of 50.57%. Equities analysts forecast that Noble Midstream Partners will post $3.76 EPS for the current year.

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A number of hedge funds have recently modified their holdings of the stock. Tortoise Capital Advisors L.L.C. lifted its position in Noble Midstream Partners by 34.4% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,945,365 shares of the energy company’s stock worth $130,760,000 after purchasing an additional 754,345 shares during the period. FMR LLC lifted its position in Noble Midstream Partners by 58.0% in the second quarter. FMR LLC now owns 2,162,276 shares of the energy company’s stock worth $95,648,000 after purchasing an additional 794,168 shares during the period. Kayne Anderson Capital Advisors LP lifted its position in Noble Midstream Partners by 41.9% in the second quarter. Kayne Anderson Capital Advisors LP now owns 1,875,518 shares of the energy company’s stock worth $82,281,000 after purchasing an additional 553,618 shares during the period. Cannell Peter B & Co. Inc. lifted its position in Noble Midstream Partners by 23.3% in the second quarter. Cannell Peter B & Co. Inc. now owns 1,047,375 shares of the energy company’s stock worth $47,551,000 after purchasing an additional 197,675 shares during the period. Finally, UBS Group AG lifted its position in Noble Midstream Partners by 27.6% in the first quarter. UBS Group AG now owns 298,998 shares of the energy company’s stock worth $15,572,000 after purchasing an additional 64,741 shares during the period. 84.14% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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