Noble Midstream Partners (NYSE:NBLX) Research Coverage Started at Credit Suisse Group

Credit Suisse Group started coverage on shares of Noble Midstream Partners (NYSE:NBLX) in a report released on Thursday, January 4th, Marketbeat Ratings reports. The firm issued an outperform rating and a $61.00 price objective on the energy company’s stock.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Noble Midstream Partners from a hold rating to a buy rating and set a $57.00 price target for the company in a report on Wednesday, October 18th. Seaport Global Securities started coverage on shares of Noble Midstream Partners in a research note on Tuesday, October 10th. They set a buy rating and a $60.00 target price on the stock. Robert W. Baird set a $62.00 target price on shares of Noble Midstream Partners and gave the stock a buy rating in a research note on Thursday, December 14th. ValuEngine raised shares of Noble Midstream Partners from a hold rating to a buy rating in a research note on Friday, September 15th. Finally, Mizuho set a $53.00 target price on shares of Noble Midstream Partners and gave the stock a hold rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $54.00.

Shares of Noble Midstream Partners (NBLX) traded up $1.00 during midday trading on Thursday, reaching $55.05. 113,957 shares of the company’s stock traded hands, compared to its average volume of 93,670. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $2,150.00 and a PE ratio of 13.73. Noble Midstream Partners has a twelve month low of $37.21 and a twelve month high of $56.33.

Noble Midstream Partners (NYSE:NBLX) last posted its earnings results on Monday, October 30th. The energy company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.10. The firm had revenue of $63.11 million during the quarter, compared to analyst estimates of $60.29 million. Noble Midstream Partners had a net margin of 55.83% and a return on equity of 36.74%. sell-side analysts forecast that Noble Midstream Partners will post 4.06 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. FMR LLC increased its stake in Noble Midstream Partners by 58.0% during the second quarter. FMR LLC now owns 2,162,276 shares of the energy company’s stock worth $95,648,000 after purchasing an additional 794,168 shares during the period. Harvest Fund Advisors LLC increased its stake in shares of Noble Midstream Partners by 31.8% during the third quarter. Harvest Fund Advisors LLC now owns 1,754,116 shares of the energy company’s stock worth $90,986,000 after buying an additional 422,734 shares during the period. HITE Hedge Asset Management LLC increased its stake in shares of Noble Midstream Partners by 103.6% during the third quarter. HITE Hedge Asset Management LLC now owns 1,090,730 shares of the energy company’s stock worth $56,576,000 after buying an additional 555,000 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Noble Midstream Partners by 29.1% during the third quarter. JPMorgan Chase & Co. now owns 358,577 shares of the energy company’s stock worth $18,717,000 after buying an additional 80,909 shares during the period. Finally, Spirit of America Management Corp NY increased its stake in shares of Noble Midstream Partners by 19.5% during the third quarter. Spirit of America Management Corp NY now owns 345,230 shares of the energy company’s stock worth $17,907,000 after buying an additional 56,400 shares during the period. Institutional investors own 75.80% of the company’s stock.

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About Noble Midstream Partners

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).

Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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