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.
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).
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