Analysts Anticipate Noble Midstream Partners LP (NBLX) Will Announce Quarterly Sales of $65.03 Million
Equities analysts expect that Noble Midstream Partners LP (NYSE:NBLX) will post $65.03 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Noble Midstream Partners’ earnings. The lowest sales estimate is $57.79 million and the highest is $73.30 million. Noble Midstream Partners reported sales of $48.47 million in the same quarter last year, which indicates a positive year over year growth rate of 34.2%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, February 19th.
On average, analysts expect that Noble Midstream Partners will report full-year sales of $65.03 million for the current year, with estimates ranging from $189.59 million to $244.50 million. For the next year, analysts forecast that the firm will post sales of $329.40 million per share, with estimates ranging from $263.28 million to $479.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Noble Midstream Partners.
Noble Midstream Partners (NYSE:NBLX) last issued its quarterly earnings data on Monday, October 30th. The energy company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.10. The business had revenue of $63.11 million during the quarter, compared to analyst estimates of $60.29 million. Noble Midstream Partners had a net margin of 55.83% and a return on equity of 36.74%.
Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its holdings in Noble Midstream Partners by 111.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,500 shares of the energy company’s stock worth $1,294,000 after purchasing an additional 15,000 shares during the last quarter. Magnetar Financial LLC bought a new position in Noble Midstream Partners during the 3rd quarter worth approximately $12,732,000. Westwood Holdings Group Inc. raised its holdings in Noble Midstream Partners by 20.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 205,459 shares of the energy company’s stock worth $9,328,000 after purchasing an additional 34,948 shares during the last quarter. HITE Hedge Asset Management LLC raised its holdings in Noble Midstream Partners by 103.6% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,090,730 shares of the energy company’s stock worth $56,576,000 after purchasing an additional 555,000 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Noble Midstream Partners by 22.5% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 169,960 shares of the energy company’s stock worth $8,816,000 after purchasing an additional 31,206 shares during the last quarter. Hedge funds and other institutional investors own 75.80% of the company’s stock.
Noble Midstream Partners (NYSE NBLX) opened at $56.54 on Friday. The stock has a market cap of $1,278.95, a P/E ratio of 15.28 and a beta of 0.44. Noble Midstream Partners has a fifty-two week low of $38.07 and a fifty-two week high of $56.88. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.59.
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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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