Trading Report: The JPMorgan Chase & Co. Begins Coverage on Noble Midstream Partners LP (NBLX)

The JPMorgan Chase & Co. Begins Coverage on Noble Midstream Partners LP (NBLX)

JPMorgan Chase & Co. assumed coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a research report report published on Monday morning. The firm issued an overweight rating and a $34.00 target price on the stock.

NBLX has been the subject of a number of other research reports. Mizuho assumed coverage on shares of Noble Midstream Partners in a research note on Monday. They set a buy rating and a $33.00 target price for the company. Barclays PLC assumed coverage on shares of Noble Midstream Partners in a research note on Monday. They set an overweight rating and a $35.00 target price for the company. Deutsche Bank AG assumed coverage on shares of Noble Midstream Partners in a research note on Monday. They set a hold rating and a $29.00 target price for the company. Finally, Robert W. Baird assumed coverage on shares of Noble Midstream Partners in a research note on Monday. They set an outperform rating and a $39.00 target price for the company. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Noble Midstream Partners currently has a consensus rating of Buy and a consensus target price of $33.94.

Shares of Noble Midstream Partners (NASDAQ:NBLX) opened at 29.07 on Monday. Noble Midstream Partners has a 52-week low of $26.00 and a 52-week high of $29.72. The stock’s 50 day moving average price is $27.39 and its 200-day moving average price is $27.39.

In other Noble Midstream Partners news, Director Gary W. Willingham bought 10,000 shares of Noble Midstream Partners stock in a transaction dated Tuesday, September 20th. The stock was acquired at an average cost of $22.50 per share, with a total value of $225,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $225,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas W. Christensen bought 1,500 shares of Noble Midstream Partners stock in a transaction dated Tuesday, September 20th. The stock was acquired at an average cost of $22.50 per share, with a total value of $33,750.00. Following the completion of the acquisition, the insider now directly owns 1,500 shares of the company’s stock, valued at approximately $33,750. The disclosure for this purchase can be found here.

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