Noble Midstream Partners LP (NYSE:NBLX) has received a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $43.00.

A number of equities analysts have recently weighed in on NBLX shares. Scotiabank set a $50.00 price target on shares of Noble Midstream Partners and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Barclays PLC set a $55.00 price target on shares of Noble Midstream Partners and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Zacks Investment Research downgraded shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. Finally, Mizuho downgraded shares of Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research note on Monday, July 10th.

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Noble Midstream Partners (NYSE:NBLX) traded down 1.29% during midday trading on Friday, hitting $43.64. The stock had a trading volume of 79,840 shares. Noble Midstream Partners has a one year low of $26.00 and a one year high of $53.29. The firm has a 50 day moving average price of $44.72 and a 200 day moving average price of $47.11. The stock has a market cap of $1.57 billion and a PE ratio of 24.68.

Noble Midstream Partners (NYSE:NBLX) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.23. Noble Midstream Partners had a net margin of 50.57% and a return on equity of 31.64%. The business had revenue of $57.78 million for the quarter, compared to the consensus estimate of $45.20 million. Equities analysts expect that Noble Midstream Partners will post $3.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were issued a $0.4457 dividend. The ex-dividend date was Thursday, August 3rd. This is a boost from Noble Midstream Partners’s previous quarterly dividend of $0.41. This represents a $1.78 dividend on an annualized basis and a yield of 4.09%. Noble Midstream Partners’s dividend payout ratio is currently 67.17%.

Large investors have recently modified their holdings of the company. Taylor Wealth Management Partners boosted its stake in shares of Noble Midstream Partners by 95.0% in the first quarter. Taylor Wealth Management Partners now owns 1,950 shares of the energy company’s stock worth $102,000 after buying an additional 950 shares in the last quarter. Global X Management Co. LLC acquired a new stake in shares of Noble Midstream Partners during the second quarter worth about $198,000. Northern Trust Corp acquired a new stake in shares of Noble Midstream Partners during the second quarter worth about $213,000. JPMorgan Chase & Co. boosted its stake in shares of Noble Midstream Partners by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 4,129 shares of the energy company’s stock worth $215,000 after buying an additional 125 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in shares of Noble Midstream Partners by 1.7% in the second quarter. Diversified Trust Co now owns 5,417 shares of the energy company’s stock worth $246,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.

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).

Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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