Noble Midstream Partners (NYSE:NBLX) is scheduled to be releasing its earnings data before the market opens on Tuesday, February 19th. Analysts expect Noble Midstream Partners to post earnings of $1.05 per share for the quarter.
NBLX stock opened at $31.00 on Tuesday. Noble Midstream Partners has a 12-month low of $26.08 and a 12-month high of $56.40. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.66. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 1.01 and a beta of 1.34.
The business also recently announced a quarterly dividend, which was paid on Monday, February 11th. Shareholders of record on Monday, February 4th were given a $0.5858 dividend. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, February 1st. This represents a $2.34 dividend on an annualized basis and a yield of 7.56%. Noble Midstream Partners’s dividend payout ratio is presently 57.07%.
A number of research firms have issued reports on NBLX. Credit Suisse Group increased their target price on shares of Noble Midstream Partners from $47.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Bank of America increased their target price on shares of Noble Midstream Partners from $49.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, November 7th. TheStreet upgraded shares of Noble Midstream Partners from a “d” rating to a “c-” rating in a research report on Wednesday, November 14th. Mitsubishi UFJ Financial Group cut their target price on shares of Noble Midstream Partners to $57.00 and set an “overweight” rating for the company in a research report on Friday, November 2nd. Finally, Zacks Investment Research downgraded shares of Noble Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $56.00.
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About Noble Midstream Partners
Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. The company provides crude oil, natural gas, and water-related midstream services. The company operates in the Denver-Julesburg Basin in Colorado and the Delaware Basin in Texas. The company was founded in 2014 and is based in Houston, Texas.
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