Trading Report: The Howard Weil Initiates Coverage on Noble Midstream Partners LP (NBLX)

The Howard Weil Initiates Coverage on Noble Midstream Partners LP (NBLX)

Equities research analysts at Howard Weil initiated coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a note issued to investors on Tuesday. The firm set a “sector outperform” rating and a $38.00 price target on the stock. Howard Weil’s price objective points to a potential upside of 30.72% from the company’s previous close.

NBLX has been the topic of several other reports. Mizuho began coverage on shares of Noble Midstream Partners in a report on Monday. They set a “buy” rating and a $33.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Noble Midstream Partners in a report on Monday. They set an “overweight” rating and a $34.00 target price on the stock. Citigroup Inc. began coverage on shares of Noble Midstream Partners in a report on Monday. They set a “buy” rating and a $33.50 target price on the stock. Barclays PLC began coverage on shares of Noble Midstream Partners in a report on Monday. They set an “overweight” rating and a $35.00 target price on the stock. Finally, Deutsche Bank AG began coverage on shares of Noble Midstream Partners in a report on Monday. They set a “hold” rating and a $29.00 target price on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $33.94.

Shares of Noble Midstream Partners (NASDAQ:NBLX) opened at 29.07 on Tuesday. The company’s 50-day moving average is $27.39 and its 200 day moving average is $27.39. Noble Midstream Partners has a 12 month low of $26.00 and a 12 month high of $29.72.

In related news, CFO John F. Iv Bookout acquired 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was purchased at an average cost of $22.50 per share, with a total value of $157,500.00. Following the transaction, the chief financial officer now directly owns 7,000 shares of the company’s stock, valued at approximately $157,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas W. Christensen acquired 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was bought at an average cost of $22.50 per share, with a total value of $33,750.00. Following the completion of the transaction, the insider now directly owns 1,500 shares in the company, valued at $33,750. The disclosure for this purchase can be found here.

Noble Midstream Partners Company Profile

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