Media stories about Noble Midstream Partners (NYSE:NBLX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Noble Midstream Partners earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 46.4384531245355 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
NBLX has been the topic of a number of recent analyst reports. Scotiabank set a $50.00 price target on Noble Midstream Partners and gave the stock a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Noble Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Robert W. Baird restated a “buy” rating and issued a $57.00 target price on shares of Noble Midstream Partners in a research note on Thursday, August 31st. Mizuho lowered Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 target price on the stock. in a research note on Monday, July 10th. Finally, BidaskClub upgraded Noble Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $45.09.
Noble Midstream Partners (NYSE:NBLX) opened at 47.41 on Thursday. The stock has a 50 day moving average price of $47.48 and a 200 day moving average price of $49.59. Noble Midstream Partners has a 12 month low of $26.00 and a 12 month high of $53.29. The stock has a market capitalization of $1.70 billion and a PE ratio of 26.82.
Noble Midstream Partners (NYSE:NBLX) last released its earnings results on Thursday, August 3rd. The energy company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.23. The company had revenue of $57.78 million for the quarter, compared to analyst estimates of $45.20 million. Noble Midstream Partners had a net margin of 50.57% and a return on equity of 31.64%. On average, equities research analysts forecast that Noble Midstream Partners will post $3.76 earnings per share for the current fiscal year.
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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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