Noble Midstream Partners (NYSE:NBLX) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Saturday, February 17th.
Other equities research analysts have also issued research reports about the stock. 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. 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. Zacks Investment Research lowered shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Credit Suisse Group assumed coverage on shares of Noble Midstream Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $61.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $58.43.
Shares of Noble Midstream Partners (NBLX) traded down $1.17 on Friday, reaching $48.08. 53,104 shares of the company’s stock were exchanged, compared to its average volume of 117,274. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1,910.00 and a PE ratio of 11.84. Noble Midstream Partners has a twelve month low of $41.90 and a twelve month high of $57.98.
Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings data on Tuesday, February 20th. The energy company reported $1.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.01). The company had revenue of $68.07 million for the quarter, compared to the consensus estimate of $65.03 million. Noble Midstream Partners had a return on equity of 34.74% and a net margin of 58.40%. research analysts forecast that Noble Midstream Partners will post 4.7 EPS for the current fiscal year.
In other news, Director Andy Viens purchased 2,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was purchased at an average cost of $51.15 per share, with a total value of $102,300.00. Following the acquisition, the director now directly owns 6,741 shares in the company, valued at $344,802.15. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Several institutional investors have recently bought and sold shares of NBLX. First Dallas Securities Inc. purchased a new stake in shares of Noble Midstream Partners during the 4th quarter valued at $135,000. Edge Advisors LLC purchased a new stake in shares of Noble Midstream Partners during the 3rd quarter valued at $204,000. Taurus Asset Management LLC purchased a new stake in shares of Noble Midstream Partners during the 3rd quarter valued at $207,000. Northern Trust Corp purchased a new stake in shares of Noble Midstream Partners during the 2nd quarter valued at $213,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Noble Midstream Partners during the 3rd quarter valued at $301,000. Hedge funds and other institutional investors own 89.06% of the company’s stock.
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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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