Noble Midstream Partners (NYSE:NBLX) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday, January 3rd.

A number of other brokerages have also recently commented on NBLX. Mizuho set a $53.00 price objective on shares of Noble Midstream Partners and gave the stock a “hold” rating in a research note on Tuesday, October 31st. BidaskClub cut shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Seaport Global Securities began coverage on shares of Noble Midstream Partners in a research note on Tuesday, October 10th. They issued a “buy” rating and a $60.00 price objective for the company. Zacks Investment Research raised shares of Noble Midstream Partners from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Wednesday, October 18th. Finally, Robert W. Baird set a $62.00 price objective on shares of Noble Midstream Partners and gave the stock a “buy” rating in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Noble Midstream Partners currently has a consensus rating of “Buy” and an average price target of $54.00.

Noble Midstream Partners (NBLX) traded down $0.80 on Wednesday, reaching $56.10. 54,976 shares of the company traded hands, compared to its average volume of 114,720. The stock has a market capitalization of $1,321.93, a PE ratio of 15.16 and a beta of 0.44. Noble Midstream Partners has a 52 week low of $41.90 and a 52 week high of $57.98. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.59.

Noble Midstream Partners (NYSE:NBLX) last posted its earnings results on Monday, October 30th. The energy company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.10. Noble Midstream Partners had a net margin of 55.83% and a return on equity of 36.74%. The company had revenue of $63.11 million during the quarter, compared to analysts’ expectations of $60.29 million. analysts anticipate that Noble Midstream Partners will post 4.06 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in NBLX. Edge Advisors LLC bought a new stake in shares of Noble Midstream Partners in the 3rd quarter worth about $204,000. Taurus Asset Management LLC bought a new stake in shares of Noble Midstream Partners in the 3rd quarter worth about $207,000. Northern Trust Corp bought a new stake in shares of Noble Midstream Partners in the 2nd quarter worth about $213,000. Citadel Advisors LLC bought a new stake in shares of Noble Midstream Partners in the 2nd quarter worth about $283,000. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Noble Midstream Partners in the 3rd quarter worth about $301,000. Hedge funds and other institutional investors own 75.68% of the company’s stock.

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Noble Midstream Partners Company Profile

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.

Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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