Noble Midstream Partners (NYSE:NBLX) has been given a consensus recommendation of “Buy” by the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $58.71.
A number of equities research analysts recently commented on NBLX shares. ValuEngine raised shares of Noble Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Zacks Investment Research raised shares of Noble Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, April 19th. TheStreet cut shares of Noble Midstream Partners from a “c” rating to a “d+” rating in a research report on Monday, March 19th. Barclays decreased their target price on shares of Noble Midstream Partners from $69.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, March 7th. Finally, Robert W. Baird set a $61.00 target price on shares of Noble Midstream Partners and gave the company a “buy” rating in a research report on Tuesday, March 6th.
NYSE NBLX opened at $51.46 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.33 and a current ratio of 0.33. Noble Midstream Partners has a 52-week low of $41.90 and a 52-week high of $57.98. The company has a market cap of $2.04 billion, a PE ratio of 12.55 and a beta of 1.89.
Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings data on Tuesday, May 1st. The energy company reported $0.97 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.12). Noble Midstream Partners had a net margin of 53.98% and a return on equity of 26.99%. The business had revenue of $97.73 million for the quarter, compared to the consensus estimate of $79.99 million. During the same quarter in the prior year, the business posted $0.77 earnings per share. equities analysts predict that Noble Midstream Partners will post 4.22 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, May 14th. Investors of record on Monday, May 7th were given a dividend of $0.511 per share. This is a boost from Noble Midstream Partners’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, May 4th. This represents a $2.04 dividend on an annualized basis and a yield of 3.97%. Noble Midstream Partners’s dividend payout ratio is presently 49.76%.
In other news, Director Kenneth M. Fisher bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The stock was bought at an average price of $47.49 per share, with a total value of $94,980.00. Following the completion of the transaction, the director now directly owns 14,500 shares of the company’s stock, valued at approximately $688,605. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mariner LLC purchased a new position in shares of Noble Midstream Partners in the first quarter worth $440,000. Westwood Holdings Group Inc. raised its holdings in shares of Noble Midstream Partners by 57.2% in the first quarter. Westwood Holdings Group Inc. now owns 367,168 shares of the energy company’s stock worth $17,121,000 after buying an additional 133,606 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of Noble Midstream Partners by 51.5% in the first quarter. Citadel Advisors LLC now owns 9,273 shares of the energy company’s stock worth $432,000 after buying an additional 3,154 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Noble Midstream Partners by 13.1% in the first quarter. OppenheimerFunds Inc. now owns 380,854 shares of the energy company’s stock worth $17,760,000 after buying an additional 44,249 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Noble Midstream Partners in the first quarter worth $382,000. 89.06% of the stock is owned by institutional investors and hedge funds.
About Noble Midstream Partners
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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