Shares of Noble Midstream Partners LP (NYSE:NBLX) have been given a consensus rating of “Hold” by the eight brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $13.11.
A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Noble Midstream Partners from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Zacks Investment Research upgraded shares of Noble Midstream Partners from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Thursday, September 3rd. Morgan Stanley started coverage on shares of Noble Midstream Partners in a report on Friday, September 25th. They issued an “underweight” rating and a $5.00 price target for the company. Finally, Piper Sandler reduced their price target on shares of Noble Midstream Partners from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, October 9th.
A number of institutional investors and hedge funds have recently made changes to their positions in NBLX. JPMorgan Chase & Co. boosted its holdings in Noble Midstream Partners by 793.5% during the first quarter. JPMorgan Chase & Co. now owns 993,884 shares of the energy company’s stock worth $3,479,000 after purchasing an additional 882,653 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in Noble Midstream Partners by 18.6% during the first quarter. Rafferty Asset Management LLC now owns 105,043 shares of the energy company’s stock worth $368,000 after purchasing an additional 16,477 shares during the last quarter. Cohen & Steers Inc. boosted its holdings in Noble Midstream Partners by 205.2% during the first quarter. Cohen & Steers Inc. now owns 764,835 shares of the energy company’s stock worth $2,677,000 after purchasing an additional 514,234 shares during the last quarter. Morgan Stanley raised its position in Noble Midstream Partners by 31.4% during the first quarter. Morgan Stanley now owns 612,150 shares of the energy company’s stock worth $2,142,000 after acquiring an additional 146,249 shares in the last quarter. Finally, Barings LLC bought a new stake in Noble Midstream Partners during the first quarter worth $213,000. Institutional investors and hedge funds own 53.02% of the company’s stock.
Noble Midstream Partners (NYSE:NBLX) last issued its quarterly earnings data on Monday, August 3rd. The energy company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.15. The firm had revenue of $145.95 million during the quarter, compared to analysts’ expectations of $164.40 million. Noble Midstream Partners had a net margin of 26.19% and a return on equity of 11.62%. Analysts anticipate that Noble Midstream Partners will post 3.13 EPS for the current fiscal year.
Noble Midstream Partners Company Profile
Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. It operates through four segments: Gathering Systems, Fresh Water Delivery, and Investments in Midstream Entities and Corporate. The company provides crude oil, natural gas, and water-related midstream services.
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