Noble Midstream Partners LP (NYSE:NBLX) announced its quarterly earnings results on Monday. The energy company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.10, Yahoo Finance reports. Noble Midstream Partners had a return on equity of 31.64% and a net margin of 50.57%.

Noble Midstream Partners (NYSE NBLX) traded down 1.84% on Tuesday, hitting $50.75. The company had a trading volume of 12,547 shares. Noble Midstream Partners has a one year low of $28.89 and a one year high of $56.33. The stock’s 50-day moving average price is $50.70 and its 200 day moving average price is $47.35. The company has a market capitalization of $1.82 billion and a P/E ratio of 28.70.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Monday, November 6th will be issued a dividend of $0.467 per share. The ex-dividend date is Friday, November 3rd. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.45. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.61%. Noble Midstream Partners’s dividend payout ratio (DPR) is presently 67.17%.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Noble Midstream Partners from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Wednesday, October 18th. Seaport Global Securities assumed coverage on Noble Midstream Partners in a report on Tuesday, October 10th. They issued a “buy” rating and a $60.00 price target for the company. BidaskClub downgraded Noble Midstream Partners from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine upgraded Noble Midstream Partners from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Finally, Robert W. Baird restated a “buy” rating and issued a $57.00 price target on shares of Noble Midstream Partners in a report on Thursday, August 31st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Noble Midstream Partners presently has an average rating of “Buy” and an average target price of $52.25.

In related news, insider Thomas W. Christensen sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $54.00, for a total transaction of $81,000.00. Following the transaction, the insider now directly owns 2,868 shares of the company’s stock, valued at approximately $154,872. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

A hedge fund recently bought a new stake in Noble Midstream Partners stock. Northern Trust Corp acquired a new position in shares of Noble Midstream Partners LP (NYSE:NBLX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,687 shares of the energy company’s stock, valued at approximately $213,000. 84.10% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at

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's FREE daily email newsletter.