Noble Midstream Partners (NYSE:NBLX) Raised to “C-” at TheStreet
NBLX has been the topic of a number of other reports. Citigroup boosted their price objective on Noble Midstream Partners from $56.00 to $64.00 and gave the company a buy rating in a research note on Tuesday, July 31st. Robert W. Baird set a $59.00 price objective on Noble Midstream Partners and gave the company a buy rating in a research note on Friday, August 10th. ValuEngine lowered Noble Midstream Partners from a hold rating to a sell rating in a report on Monday, August 13th. Barclays reduced their target price on Noble Midstream Partners from $64.00 to $59.00 and set an overweight rating for the company in a report on Wednesday, August 29th. Finally, Credit Suisse Group lifted their target price on Noble Midstream Partners from $47.00 to $54.00 and gave the company an outperform rating in a report on Thursday, November 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $56.00.
NYSE NBLX traded up $1.42 during mid-day trading on Wednesday, hitting $33.91. The company’s stock had a trading volume of 167,444 shares, compared to its average volume of 152,988. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 0.43. Noble Midstream Partners has a twelve month low of $31.31 and a twelve month high of $57.98. The company has a market cap of $1.29 billion, a P/E ratio of 8.27, a PEG ratio of 0.55 and a beta of 1.26.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 13th. Investors of record on Monday, November 5th were given a $0.5597 dividend. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $2.24 dividend on an annualized basis and a yield of 6.60%. Noble Midstream Partners’s payout ratio is presently 54.63%.
A number of large investors have recently added to or reduced their stakes in the stock. Tortoise Index Solutions LLC lifted its position in Noble Midstream Partners by 57.1% in the 3rd quarter. Tortoise Index Solutions LLC now owns 3,746 shares of the energy company’s stock worth $133,000 after buying an additional 1,361 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Noble Midstream Partners by 31.2% in the second quarter. Bank of New York Mellon Corp now owns 6,155 shares of the energy company’s stock valued at $314,000 after purchasing an additional 1,462 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Noble Midstream Partners by 2.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 58,539 shares of the energy company’s stock valued at $2,989,000 after purchasing an additional 1,539 shares during the last quarter. Baldwin Brothers Inc. MA bought a new stake in Noble Midstream Partners in the second quarter valued at approximately $105,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Noble Midstream Partners during the second quarter valued at approximately $159,000. Institutional investors own 56.63% of the company’s stock.
Noble Midstream Partners Company Profile
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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