The Scotiabank Reaffirms “Outperform” Rating for Noble Midstream Partners LP (NBLX)

The Scotiabank Reaffirms “Outperform” Rating for Noble Midstream Partners LP (NBLX)

Noble Midstream Partners LP (NASDAQ:NBLX)‘s stock had its “outperform” rating restated by equities research analysts at Scotiabank in a note issued to investors on Thursday. They currently have a $38.00 price objective on the stock. Scotiabank’s price objective suggests a potential upside of 30.72% from the company’s current price.

A number of other analysts have also recently commented on the stock. Bank of America Corp. restated a “buy” rating and set a $32.00 price target on shares of Noble Midstream Partners in a research note on Wednesday. Mitsubishi UFJ Financial Group assumed coverage on shares of Noble Midstream Partners in a research note on Monday. They set a “buy” rating and a $32.00 price target on the stock. Howard Weil assumed coverage on shares of Noble Midstream Partners in a research note on Tuesday. They set a “sector outperform” rating and a $38.00 price target on the stock. Citigroup Inc. assumed coverage on shares of Noble Midstream Partners in a research note on Monday. They set a “buy” rating and a $33.50 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Noble Midstream Partners in a research note on Monday. They set an “overweight” rating and a $34.00 price target on the stock. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Noble Midstream Partners presently has a consensus rating of “Buy” and an average target price of $34.35.

Noble Midstream Partners (NASDAQ:NBLX) traded down 2.13% during mid-day trading on Thursday, hitting $28.45. 38,774 shares of the company’s stock were exchanged. Noble Midstream Partners has a 12 month low of $26.00 and a 12 month 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 news, COO John C. Nicholson bought 2,700 shares of the stock in a transaction on Tuesday, September 20th. The shares were acquired at an average cost of $22.50 per share, for a total transaction of $60,750.00. Following the purchase, the chief operating officer now directly owns 2,700 shares of the company’s stock, valued at approximately $60,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John F. Iv Bookout bought 7,000 shares of the stock in a transaction on Tuesday, September 20th. The stock was purchased at an average price of $22.50 per share, for a total transaction of $157,500.00. Following the completion of the purchase, the chief financial officer now directly owns 7,000 shares in the company, valued at $157,500. The disclosure for this purchase can be found here.

About Noble Midstream Partners

Related posts

Leave a Comment