Shares of Noble Midstream Partners LP (NYSE:NBLX) have earned a consensus broker rating score of 1.22 (Strong Buy) from the nine brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and eight have issued a strong buy rating on the company.
Brokers have set a 1 year consensus price target of $36.86 for the company and are expecting that the company will post $0.59 earnings per share for the current quarter, according to Zacks.
A number of research firms recently commented on NBLX. Howard Weil began coverage on Noble Midstream Partners in a research note on Tuesday, October 11th. They issued a “sector outperform” rating and a $38.00 price target for the company. Wells Fargo & Co. began coverage on Noble Midstream Partners in a research note on Monday, October 31st. They issued an “outperform” rating for the company. Scotiabank reiterated an “outperform” rating and issued a $38.00 price target on shares of Noble Midstream Partners in a research note on Thursday, October 13th. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of Noble Midstream Partners in a research note on Monday, October 10th. Finally, Citigroup Inc. began coverage on Noble Midstream Partners in a research note on Monday, October 10th. They issued a “buy” rating and a $33.50 price target for the company.
In other Noble Midstream Partners news, CEO Terry R. Gerhart purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were bought at an average price of $22.50 per share, with a total value of $337,500.00. Following the completion of the acquisition, the chief executive officer now owns 15,000 shares in the company, valued at approximately $337,500. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John F. Iv Bookout purchased 7,000 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were acquired at an average cost of $22.50 per share, for a total transaction of $157,500.00. Following the acquisition, the chief financial officer now owns 7,000 shares of the company’s stock, valued at approximately $157,500. The disclosure for this purchase can be found here.
Noble Midstream Partners (NYSE:NBLX) opened at 33.98 on Monday. The firm’s 50-day moving average price is $30.36 and its 200 day moving average price is $29.35. The firm has a market cap of $1.08 billion and a PE ratio of 54.19. Noble Midstream Partners has a 52-week low of $26.00 and a 52-week high of $34.05.
Noble Midstream Partners (NYSE:NBLX) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.33. The company earned $48.20 million during the quarter, compared to analyst estimates of $32.63 million. On average, equities analysts anticipate that Noble Midstream Partners will post $1.07 earnings per share for the current year.
Noble Midstream Partners Company Profile
Noble Midstream Partners LP owns, operates, develop, and acquires a range of domestic midstream infrastructure assets. The Company provides crude oil, natural gas, and water-related midstream services for Noble Energy, Inc The Company’s operating assets are focused on the Denver-Julesburg Basin (DJ Basin) in Colorado.