Robert W. Baird set a $62.00 target price on Noble Midstream Partners (NYSE:NBLX) in a research report sent to investors on Thursday morning. The brokerage currently has a buy rating on the energy company’s stock.

A number of other research firms also recently weighed in on NBLX. BidaskClub raised shares of Noble Midstream Partners from a hold rating to a buy rating in a research report on Saturday, September 2nd. ValuEngine raised shares of Noble Midstream Partners from a hold rating to a buy rating in a research report on Friday, September 15th. 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 on 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 on the stock in a research report on Wednesday, October 18th. Finally, Mizuho set a $53.00 price objective on shares of Noble Midstream Partners and gave the company a hold rating in a research report on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $53.13.

Shares of Noble Midstream Partners (NYSE NBLX) opened at $49.75 on Thursday. The firm has a market cap of $1,155.84, a PE ratio of 13.45, a PEG ratio of 0.61 and a beta of 0.39. 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 has a 1 year low of $35.16 and a 1 year high of $56.33.

Noble Midstream Partners (NYSE:NBLX) last released its earnings results on Monday, October 30th. The energy company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.10. The firm 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%. research analysts anticipate that Noble Midstream Partners will post 4.06 earnings per share for the current fiscal year.

In related news, insider Thomas W. Christensen sold 1,500 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $54.00, for a total transaction of $81,000.00. Following the sale, the insider now directly owns 2,868 shares of the company’s stock, valued at approximately $154,872. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Noble Midstream Partners by 111.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,500 shares of the energy company’s stock valued at $1,294,000 after acquiring an additional 15,000 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of Noble Midstream Partners by 20.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 205,459 shares of the energy company’s stock valued at $9,328,000 after acquiring an additional 34,948 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Noble Midstream Partners by 22.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 138,754 shares of the energy company’s stock valued at $6,299,000 after acquiring an additional 25,165 shares during the last quarter. HITE Hedge Asset Management LLC boosted its holdings in shares of Noble Midstream Partners by 103.6% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,090,730 shares of the energy company’s stock valued at $56,576,000 after acquiring an additional 555,000 shares during the last quarter. Finally, Spirit of America Management Corp NY boosted its holdings in shares of Noble Midstream Partners by 19.5% during the 3rd quarter. Spirit of America Management Corp NY now owns 345,230 shares of the energy company’s stock valued at $17,907,000 after acquiring an additional 56,400 shares during the last quarter. 87.95% of the stock is currently owned by hedge funds and other 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).

Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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