The Noble Midstream Partners LP (NBLX) PT Raised to $47.00

The Noble Midstream Partners LP (NBLX) PT Raised to $47.00

Noble Midstream Partners LP (NYSE:NBLX) had its target price boosted by equities researchers at Mizuho from $37.00 to $47.00 in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Mizuho’s price objective indicates a potential upside of 9.89% from the company’s previous close.

A number of other analysts have also issued reports on NBLX. Barclays PLC assumed coverage on shares of Noble Midstream Partners in a research report on Monday, October 10th. They issued an “overweight” rating and a $35.00 price target for the company. Robert W. Baird assumed coverage on shares of Noble Midstream Partners in a research report on Monday, October 10th. They issued an “outperform” rating and a $39.00 price target for the company. Deutsche Bank AG assumed coverage on shares of Noble Midstream Partners in a research report on Monday, October 10th. They issued a “hold” rating and a $29.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Noble Midstream Partners in a research report on Monday, October 10th. They issued an “overweight” rating and a $34.00 price target for the company. Finally, Citigroup Inc. assumed coverage on shares of Noble Midstream Partners in a research report on Monday, October 10th. They issued a “buy” rating and a $33.50 price target for the company. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.14.

Shares of Noble Midstream Partners (NYSE:NBLX) opened at 42.77 on Wednesday. Noble Midstream Partners has a 1-year low of $26.00 and a 1-year high of $43.38. The firm’s 50-day moving average is $36.42 and its 200 day moving average is $32.15. The stock has a market capitalization of $1.36 billion and a P/E ratio of 68.21.

Noble Midstream Partners (NYSE:NBLX) last announced its earnings results on Wednesday, November 2nd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.43 by $0.33. The business had revenue of $48.20 million for the quarter, compared to the consensus estimate of $32.63 million. On average, analysts expect that Noble Midstream Partners will post $1.11 EPS for the current fiscal year.

In other Noble Midstream Partners news, Director Martin Salinas acquired 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were purchased at an average price of $30.01 per share, with a total value of $210,070.00. Following the completion of the transaction, the director now owns 10,934 shares in the company, valued at $328,129.34. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Noble Midstream Partners Company Profile

Noble Midstream Partners LP is formed to own, operate, develop and acquire a range of domestic midstream infrastructure assets. The Company focuses in the area of DJ Basin in Colorado and in the Delaware Basin within the Permian Basin in Texas. The Company’s segments include Gathering Systems; Fresh Water Delivery, and investments in white cliffs and other.

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