Shares of Noble Midstream Partners LP (NYSE:NBLX) have received a consensus rating of "Hold" from the seven brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $14.63.
A number of research firms have commented on NBLX. Piper Sandler upgraded shares of Noble Midstream Partners from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $9.00 to $12.00 in a research report on Tuesday, August 25th. Wells Fargo & Company upped their target price on shares of Noble Midstream Partners from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 22nd. Finally, Zacks Investment Research upgraded shares of Noble Midstream Partners from a "hold" rating to a "buy" rating and set a $9.75 target price on the stock in a research report on Thursday, September 3rd.
A number of large investors have recently modified their holdings of the business. Guggenheim Capital LLC increased its stake in Noble Midstream Partners by 12.1% in the first quarter. Guggenheim Capital LLC now owns 27,855 shares of the energy company's stock valued at $97,000 after purchasing an additional 2,996 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Noble Midstream Partners by 2.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 196,295 shares of the energy company's stock valued at $1,661,000 after purchasing an additional 3,856 shares in the last quarter. XTX Markets LLC bought a new stake in Noble Midstream Partners in the second quarter valued at approximately $87,000. American Financial Group Inc. increased its position in shares of Noble Midstream Partners by 70.0% during the first quarter. American Financial Group Inc. now owns 34,000 shares of the energy company's stock worth $118,000 after acquiring an additional 14,000 shares in the last quarter. Finally, Cincinnati Insurance Co. bought a new stake in shares of Noble Midstream Partners during the second quarter worth $123,000. 53.02% of the stock is owned by hedge funds and other institutional investors.
NYSE NBLX opened at $7.55 on Wednesday. The stock has a market cap of $682.29 million, a P/E ratio of 1.91 and a beta of 1.35. The company's 50-day simple moving average is $8.95 and its 200 day simple moving average is $7.94. Noble Midstream Partners has a twelve month low of $1.81 and a twelve month high of $28.88. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.66.
Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings results on Monday, August 3rd. The energy company reported $0.53 EPS for the quarter, beating the Zacks' consensus estimate of $0.38 by $0.15. The firm had revenue of $145.95 million for the quarter, compared to analyst estimates of $164.40 million. Noble Midstream Partners had a net margin of 26.19% and a return on equity of 11.62%. Research analysts anticipate that Noble Midstream Partners will post 3.13 earnings per share for the current year.
Noble Midstream Partners Company Profile
Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. It operates through three segments: Gathering Systems, Fresh Water Delivery, and Investments and Other. The company provides crude oil, natural gas, and water-related midstream services.
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