Equities research analysts predict that Noble Midstream Partners LP (NYSE:NBLX) will announce $0.97 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Noble Midstream Partners’ earnings, with the highest EPS estimate coming in at $1.12 and the lowest estimate coming in at $0.90. Noble Midstream Partners posted earnings per share of $0.10 in the same quarter last year, which would suggest a positive year-over-year growth rate of 870%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that Noble Midstream Partners will report full year earnings of $3.62 per share for the current year, with EPS estimates ranging from $3.42 to $3.83. For the next year, analysts forecast that the business will post earnings of $4.51 per share, with EPS estimates ranging from $3.84 to $5.86. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Noble Midstream Partners.
Noble Midstream Partners (NYSE:NBLX) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.23. Noble Midstream Partners had a net margin of 50.57% and a return on equity of 31.64%. The company had revenue of $57.78 million during the quarter, compared to analysts’ expectations of $45.20 million.
A number of research analysts have recently weighed in on NBLX shares. Zacks Investment Research downgraded shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Barclays PLC set a $55.00 price target on shares of Noble Midstream Partners and gave the company a “buy” rating in a report on Tuesday, May 2nd. Scotiabank set a $50.00 price target on shares of Noble Midstream Partners and gave the company a “buy” rating in a report on Thursday, June 22nd. Finally, Mizuho downgraded shares of Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $43.45.
Shares of Noble Midstream Partners (NYSE NBLX) traded down 0.758% during mid-day trading on Friday, hitting $43.875. 35,627 shares of the stock traded hands. The stock has a 50-day moving average of $44.72 and a 200-day moving average of $47.11. Noble Midstream Partners has a 52 week low of $26.00 and a 52 week high of $53.29. The company has a market cap of $1.58 billion and a price-to-earnings ratio of 24.816.
The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were paid a $0.4457 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This is a positive change from Noble Midstream Partners’s previous quarterly dividend of $0.41. This represents a $1.78 dividend on an annualized basis and a yield of 4.03%. Noble Midstream Partners’s dividend payout ratio (DPR) is presently 67.17%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG raised its position in Noble Midstream Partners by 27.6% in the first quarter. UBS Group AG now owns 298,998 shares of the energy company’s stock worth $15,572,000 after buying an additional 64,741 shares during the last quarter. FMR LLC raised its position in Noble Midstream Partners by 86.1% in the first quarter. FMR LLC now owns 1,368,108 shares of the energy company’s stock worth $71,251,000 after buying an additional 633,033 shares during the last quarter. Wellington Management Group LLP purchased a new position in Noble Midstream Partners during the first quarter worth about $1,925,000. JPMorgan Chase & Co. raised its position in Noble Midstream Partners by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 4,129 shares of the energy company’s stock worth $215,000 after buying an additional 125 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Noble Midstream Partners during the first quarter worth about $703,000. Institutional investors and hedge funds own 78.55% of the company’s stock.
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Noble Midstream Partners Company Profile
Noble Midstream Partners LP is engaged in owning, operating, developing and acquiring a range of domestic midstream infrastructure assets. The Company’s areas of focus are in the area of Denver-Julesburg (DJ) Basin in Colorado and the Southern Delaware Basin position of the Permian Basin in Texas (Delaware Basin).
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