Favorable Media Coverage Somewhat Unlikely to Affect Noble Midstream Partners (NBLX) Share Price

News articles about Noble Midstream Partners (NYSE:NBLX) have trended positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Noble Midstream Partners earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 46.6892232090684 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of NBLX stock opened at $45.02 on Wednesday. The company has a market cap of $1,958.01, a price-to-earnings ratio of 11.09 and a beta of 1.85. Noble Midstream Partners has a 52-week low of $41.90 and a 52-week high of $57.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.75 and a quick ratio of 0.75.

Noble Midstream Partners (NYSE:NBLX) last posted its quarterly earnings data on Tuesday, February 20th. The energy company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.01). The company had revenue of $68.07 million during the quarter, compared to the consensus estimate of $65.03 million. Noble Midstream Partners had a net margin of 58.40% and a return on equity of 34.74%. equities analysts predict that Noble Midstream Partners will post 4.64 earnings per share for the current fiscal year.

NBLX has been the topic of a number of recent analyst reports. ValuEngine cut shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. Zacks Investment Research cut shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Robert W. Baird set a $62.00 price target on shares of Noble Midstream Partners and gave the stock a “buy” rating in a research report on Thursday, December 14th. Credit Suisse Group initiated coverage on shares of Noble Midstream Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $61.00 price target on the stock. Finally, Barclays reduced their price target on shares of Noble Midstream Partners from $69.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $58.43.

In related news, Director Kenneth M. Fisher acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The shares were acquired at an average cost of $47.49 per share, with a total value of $94,980.00. Following the transaction, the director now owns 14,500 shares of the company’s stock, valued at approximately $688,605. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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Noble Midstream Partners Company Profile

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. The company provides crude oil, natural gas, and water-related midstream services. The company operates in the Denver-Julesburg Basin in Colorado and the Delaware Basin in Texas. The company was founded in 2014 and is based in Houston, Texas.

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