Noble Midstream Partners (NBLX) Set to Announce Earnings on Monday

Noble Midstream Partners (NYSE:NBLX) is scheduled to release its earnings data after the market closes on Monday, February 19th. Analysts expect Noble Midstream Partners to post earnings of $1.21 per share for the quarter.

Shares of Noble Midstream Partners (NYSE:NBLX) opened at $53.09 on Monday. The firm has a market cap of $1,233.44, a P/E ratio of 14.35 and a beta of 0.95. Noble Midstream Partners has a 1-year low of $41.90 and a 1-year high of $57.98. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.59.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Monday, February 5th will be issued a dividend of $0.4883 per share. This represents a $1.95 dividend on an annualized basis and a yield of 3.68%. This is a boost from Noble Midstream Partners’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, February 2nd. Noble Midstream Partners’s dividend payout ratio (DPR) is presently 52.70%.

A hedge fund recently bought a new stake in Noble Midstream Partners stock. Northern Trust Corp acquired a new position in Noble Midstream Partners LP (NYSE:NBLX) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,687 shares of the energy company’s stock, valued at approximately $213,000. 75.60% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on NBLX. Zacks Investment Research cut shares of Noble Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. ValuEngine cut shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Mizuho set a $53.00 target price on shares of Noble Midstream Partners and gave the stock a “hold” rating in a report on Tuesday, October 31st. Credit Suisse Group began coverage on shares of Noble Midstream Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $61.00 target price for the company. Finally, Robert W. Baird set a $62.00 target price on shares of Noble Midstream Partners and gave the stock a “buy” rating in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $54.63.

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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).

Earnings History for Noble Midstream Partners (NYSE:NBLX)

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