ValuEngine lowered shares of Noble Midstream Partners (NYSE:NBLX) from a buy rating to a hold rating in a research report released on Thursday morning.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Noble Midstream Partners from a hold rating to a buy rating and set a $57.00 price objective for the company in a research report on Wednesday, October 18th. Seaport Global Securities began coverage on shares of Noble Midstream Partners in a research report on Tuesday, October 10th. They set a buy rating and a $60.00 price objective for the company. BidaskClub cut shares of Noble Midstream Partners from a buy rating to a hold rating in a research report on Tuesday, October 3rd. Robert W. Baird reaffirmed a buy rating and set a $57.00 price objective on shares of Noble Midstream Partners in a research report on Thursday, August 31st. Finally, Mizuho set a $53.00 price objective on shares of Noble Midstream Partners and gave the stock a hold rating in a research report on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $52.50.

Noble Midstream Partners (NYSE:NBLX) traded up $0.30 during mid-day trading on Thursday, reaching $50.17. 83,472 shares of the company’s stock were exchanged, compared to its average volume of 54,003. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.40 and a current ratio of 0.40. Noble Midstream Partners has a 1 year low of $34.00 and a 1 year high of $56.33. The company has a market capitalization of $1,005.06, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.62 and a beta of 0.39.

Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings data on Monday, October 30th. The energy company reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.10. Noble Midstream Partners had a net margin of 55.83% and a return on equity of 36.74%. The firm had revenue of $63.11 million during the quarter, compared to analysts’ expectations of $60.29 million. research analysts expect that Noble Midstream Partners will post 4.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were issued a dividend of $0.467 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.72%. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.45. Noble Midstream Partners’s dividend payout ratio (DPR) is currently 50.54%.

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

Several institutional investors and hedge funds have recently bought and sold shares of NBLX. Global X Management Co. LLC acquired a new stake in shares of Noble Midstream Partners during the second quarter worth $198,000. Edge Advisors LLC acquired a new stake in shares of Noble Midstream Partners during the third quarter worth $204,000. Taurus Asset Management LLC acquired a new stake in shares of Noble Midstream Partners during the third quarter worth $207,000. Northern Trust Corp acquired a new stake in shares of Noble Midstream Partners during the second quarter worth $213,000. Finally, Citadel Advisors LLC acquired a new position in Noble Midstream Partners in the second quarter valued at about $283,000. 87.95% of the stock is owned by institutional investors.

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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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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