Noble Midstream Partners LP (NBLX) Receives Consensus Rating of “Buy” from Brokerages

Noble Midstream Partners LP (NYSE:NBLX) has been given a consensus rating of “Buy” by the twelve analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $53.63.

Several analysts have recently weighed in on NBLX shares. Robert W. Baird set a $62.00 target price on Noble Midstream Partners and gave the stock a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research downgraded Noble Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Credit Suisse Group started coverage on Noble Midstream Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $61.00 target price for the company. ValuEngine upgraded Noble Midstream Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Finally, Mizuho set a $53.00 price objective on Noble Midstream Partners and gave the company a “hold” rating in a report on Tuesday, October 31st.

Shares of Noble Midstream Partners (NYSE NBLX) opened at $56.54 on Monday. Noble Midstream Partners has a 52-week low of $38.07 and a 52-week high of $56.88. The firm has a market capitalization of $2,210.00 and a price-to-earnings ratio of 14.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.40 and a current ratio of 0.40.

Noble Midstream Partners (NYSE:NBLX) last released its earnings results on Monday, October 30th. The energy company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.10. Noble Midstream Partners had a return on equity of 63.54% and a net margin of 69.33%. The business had revenue of $63.11 million during the quarter, compared to the consensus estimate of $60.29 million. equities research analysts predict that Noble Midstream Partners will post 4.06 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Edge Advisors LLC bought a new stake in shares of Noble Midstream Partners in the third quarter valued at about $204,000. Taurus Asset Management LLC bought a new stake in shares of Noble Midstream Partners in the third quarter valued at about $207,000. Northern Trust Corp bought a new stake in shares of Noble Midstream Partners in the second quarter valued at about $213,000. Harbour Capital Advisors LLC bought a new stake in shares of Noble Midstream Partners in the third quarter valued at about $301,000. Finally, Citadel Advisors LLC bought a new stake in shares of Noble Midstream Partners in the second quarter valued at about $283,000. Hedge funds and other institutional investors own 75.80% of the company’s stock.

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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).

Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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