GSA Capital Partners LLP Sells 5,063 Shares of Noble Midstream Partners LP (NBLX)
GSA Capital Partners LLP cut its holdings in shares of Noble Midstream Partners LP (NYSE:NBLX) by 51.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,802 shares of the energy company’s stock after selling 5,063 shares during the quarter. GSA Capital Partners LLP’s holdings in Noble Midstream Partners were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Edge Advisors LLC purchased a new stake in shares of Noble Midstream Partners in the third quarter worth about $204,000. Taurus Asset Management LLC purchased a new stake in shares of Noble Midstream Partners in the third quarter worth about $207,000. Northern Trust Corp purchased a new stake in shares of Noble Midstream Partners in the second quarter worth about $213,000. Citadel Advisors LLC purchased a new stake in shares of Noble Midstream Partners in the second quarter worth about $283,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Noble Midstream Partners in the third quarter worth about $301,000. 75.80% of the stock is currently owned by institutional investors and hedge funds.
NBLX has been the topic of a number of recent analyst reports. Robert W. Baird set a $62.00 price target on shares of Noble Midstream Partners and gave the stock a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research downgraded shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Credit Suisse Group assumed coverage on shares of Noble Midstream Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $61.00 target price on the stock. ValuEngine raised shares of Noble Midstream Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Mizuho set a $53.00 target price on shares of Noble Midstream Partners and gave the company a “hold” rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $54.00.
Shares of Noble Midstream Partners LP (NYSE:NBLX) opened at $55.05 on Friday. The firm has a market cap of $2,150.00 and a P/E ratio of 13.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.40 and a quick ratio of 0.40. Noble Midstream Partners LP has a one year low of $37.21 and a one year high of $56.33.
Noble Midstream Partners (NYSE:NBLX) last announced its earnings results on Monday, October 30th. The energy company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.10. The business had revenue of $63.11 million for the quarter, compared to the consensus estimate of $60.29 million. Noble Midstream Partners had a net margin of 55.83% and a return on equity of 36.74%. equities analysts anticipate that Noble Midstream Partners LP will post 4.06 EPS for the current fiscal year.
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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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