Wall Street brokerages predict that Noble Midstream Partners LP (NYSE:NBLX) will report $65.03 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Noble Midstream Partners’ earnings. The lowest sales estimate is $57.79 million and the highest is $73.30 million. Noble Midstream Partners posted sales of $48.47 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 34.2%. The business is scheduled to report its next earnings report on Monday, February 12th.

According to Zacks, analysts expect that Noble Midstream Partners will report full year sales of $65.03 million for the current fiscal year, with estimates ranging from $189.59 million to $244.50 million. For the next fiscal year, analysts anticipate that the business will report sales of $329.40 million per share, with estimates ranging from $263.28 million to $479.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Noble Midstream Partners.

Noble Midstream Partners (NYSE:NBLX) last issued its earnings results on Monday, October 30th. The energy company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.10. The business had revenue of $63.11 million for 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%.

Several research analysts recently issued reports on the stock. 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. Zacks Investment Research raised shares of Noble Midstream Partners from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Wednesday, October 18th. Seaport Global Securities assumed 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. BidaskClub lowered shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, ValuEngine raised shares of Noble Midstream Partners from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Noble Midstream Partners has an average rating of “Buy” and a consensus price target of $52.50.

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In other Noble Midstream Partners news, insider Thomas W. Christensen sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $54.00, for a total transaction of $81,000.00. Following the transaction, the insider now owns 2,868 shares in the company, valued at $154,872. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Several hedge funds have recently made changes to their positions in NBLX. FMR LLC raised its holdings in shares of Noble Midstream Partners by 58.0% in the second quarter. FMR LLC now owns 2,162,276 shares of the energy company’s stock valued at $95,648,000 after purchasing an additional 794,168 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Noble Midstream Partners by 34.4% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,945,365 shares of the energy company’s stock valued at $130,760,000 after purchasing an additional 754,345 shares during the last quarter. HITE Hedge Asset Management LLC raised its holdings in shares of Noble Midstream Partners by 103.6% in the third quarter. HITE Hedge Asset Management LLC now owns 1,090,730 shares of the energy company’s stock valued at $56,576,000 after purchasing an additional 555,000 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its holdings in shares of Noble Midstream Partners by 41.9% in the second quarter. Kayne Anderson Capital Advisors LP now owns 1,875,518 shares of the energy company’s stock valued at $82,281,000 after purchasing an additional 553,618 shares during the last quarter. Finally, Harvest Fund Advisors LLC raised its holdings in shares of Noble Midstream Partners by 31.8% in the third quarter. Harvest Fund Advisors LLC now owns 1,754,116 shares of the energy company’s stock valued at $90,986,000 after purchasing an additional 422,734 shares during the last quarter. Institutional investors own 73.03% of the company’s stock.

Noble Midstream Partners (NYSE:NBLX) opened at $50.50 on Thursday. The stock has a market cap of $1,021.66, a price-to-earnings ratio of 13.78, a P/E/G ratio of 0.64 and a beta of 0.89. Noble Midstream Partners has a 12 month low of $31.63 and a 12 month high of $56.33. 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 also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Monday, November 6th were issued a dividend of $0.467 per share. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, November 3rd. This represents a $1.87 annualized dividend and a yield of 3.70%. Noble Midstream Partners’s dividend payout ratio is presently 50.54%.

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).

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