Noble Midstream Partners (NBLX) Upgraded to Buy at Mizuho

Mizuho upgraded shares of Noble Midstream Partners (NYSE:NBLX) from a neutral rating to a buy rating in a research report report published on Wednesday morning. They currently have $55.00 target price on the energy company’s stock.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Noble Midstream Partners from a hold rating to a sell rating in a research report on Wednesday, January 10th. TheStreet cut Noble Midstream Partners from a c rating to a d+ rating in a research report on Monday, March 19th. Barclays decreased their target price on Noble Midstream Partners from $69.00 to $67.00 and set an overweight rating on the stock in a research report on Wednesday, March 7th. Robert W. Baird set a $61.00 target price on Noble Midstream Partners and gave the company a buy rating in a research report on Tuesday, March 6th. Finally, ValuEngine upgraded Noble Midstream Partners from a hold rating to a buy rating in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $58.71.

Noble Midstream Partners stock opened at $45.17 on Wednesday. Noble Midstream Partners has a 12-month low of $41.90 and a 12-month high of $57.98. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1,783.51, a price-to-earnings ratio of 11.08 and a beta of 1.84.



Noble Midstream Partners (NYSE:NBLX) last released its earnings results on Tuesday, February 20th. The energy company reported $1.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by ($0.01). Noble Midstream Partners had a net margin of 58.40% and a return on equity of 34.74%. The business had revenue of $68.07 million during the quarter, compared to the consensus estimate of $65.03 million. equities analysts anticipate that Noble Midstream Partners will post 4.69 earnings per share for the current fiscal year.

In other news, Director Kenneth M. Fisher purchased 2,000 shares of Noble Midstream Partners stock in a transaction dated Monday, March 19th. The shares were bought at an average cost of $47.49 per share, for a total transaction of $94,980.00. Following the completion of the acquisition, the director now owns 14,500 shares in the company, valued at approximately $688,605. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Large investors have recently added to or reduced their stakes in the company. Cadence Capital Management LLC grew its holdings in shares of Noble Midstream Partners by 81.3% during the fourth quarter. Cadence Capital Management LLC now owns 60,527 shares of the energy company’s stock worth $3,026,000 after purchasing an additional 27,140 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of Noble Midstream Partners by 330.0% during the fourth quarter. Bamco Inc. NY now owns 168,738 shares of the energy company’s stock worth $8,437,000 after purchasing an additional 129,500 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of Noble Midstream Partners by 22.6% during the fourth quarter. Citadel Advisors LLC now owns 6,119 shares of the energy company’s stock worth $306,000 after purchasing an additional 1,129 shares during the last quarter. Cushing Asset Management LP grew its holdings in shares of Noble Midstream Partners by 0.6% during the fourth quarter. Cushing Asset Management LP now owns 365,550 shares of the energy company’s stock worth $18,278,000 after purchasing an additional 2,156 shares during the last quarter. Finally, Texas Yale Capital Corp. grew its holdings in shares of Noble Midstream Partners by 45.9% during the fourth quarter. Texas Yale Capital Corp. now owns 102,780 shares of the energy company’s stock worth $5,139,000 after purchasing an additional 32,355 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

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About Noble Midstream Partners

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. The company provides crude oil, natural gas, and water-related midstream services. The company operates in the Denver-Julesburg Basin in Colorado and the Delaware Basin in Texas. The company was founded in 2014 and is based in Houston, Texas.

Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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