Equities research analysts expect Noble Midstream Partners LP (NYSE:NBLX) to post $1.17 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for Noble Midstream Partners’ earnings, with the highest EPS estimate coming in at $1.23 and the lowest estimate coming in at $1.09. Noble Midstream Partners posted earnings of $0.80 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 46.3%. The business is scheduled to report its next earnings report before the market opens on Tuesday, February 20th.
On average, analysts expect that Noble Midstream Partners will report full-year earnings of $4.06 per share for the current fiscal year, with EPS estimates ranging from $4.02 to $4.13. For the next year, analysts expect that the company will post earnings of $4.93 per share, with EPS estimates ranging from $4.66 to $5.42. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Noble Midstream Partners.
Several equities research analysts recently issued reports on NBLX shares. Zacks Investment Research cut shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. ValuEngine upgraded shares of Noble Midstream Partners from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Credit Suisse Group started coverage on shares of Noble Midstream Partners in a report on Thursday, January 4th. They issued an “outperform” rating and a $61.00 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 report on Thursday, December 14th. Finally, Mizuho set a $53.00 target price on shares of Noble Midstream Partners and gave the stock a “hold” rating in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $56.86.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Dallas Securities Inc. bought a new position in Noble Midstream Partners in the fourth quarter worth approximately $135,000. Edge Advisors LLC bought a new position in Noble Midstream Partners in the third quarter worth approximately $204,000. Taurus Asset Management LLC bought a new position in Noble Midstream Partners in the third quarter worth approximately $207,000. Northern Trust Corp bought a new position in Noble Midstream Partners in the second quarter worth approximately $213,000. Finally, Harbour Capital Advisors LLC bought a new position in Noble Midstream Partners in the third quarter worth approximately $301,000. Institutional investors and hedge funds own 76.06% of the company’s stock.
Shares of Noble Midstream Partners (NYSE NBLX) opened at $53.27 on Thursday. Noble Midstream Partners has a fifty-two week low of $41.90 and a fifty-two week high of $57.98. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $1,237.62, a P/E ratio of 14.40 and a beta of 0.95.
The firm also recently declared a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Monday, February 5th were given a $0.4883 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.47. This represents a $1.95 annualized dividend and a yield of 3.67%. Noble Midstream Partners’s dividend payout ratio (DPR) is presently 52.70%.
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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