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%.

A number of brokerages recently issued reports on NBLX. Zacks Investment Research lowered shares of Noble Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday. Credit Suisse Group began coverage on shares of Noble Midstream Partners in a report on Thursday, January 4th. They issued an “outperform” rating and a $61.00 price objective for the company. Mizuho set a $53.00 price objective on shares of Noble Midstream Partners and gave the company a “hold” rating in a report on Tuesday, October 31st. BidaskClub lowered shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Seaport Global Securities began coverage on shares of Noble Midstream Partners in a report on Tuesday, October 10th. They issued a “buy” rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.00.

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.

ILLEGAL ACTIVITY WARNING: “Analysts Anticipate Noble Midstream Partners LP (NBLX) Will Announce Quarterly Sales of $65.03 Million” was posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/14/analysts-anticipate-noble-midstream-partners-lp-nblx-will-announce-quarterly-sales-of-65-03-million.html.

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).

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.