$0.45 Earnings Per Share Expected for Noble Midstream Partners LP (NYSE:NBLX) This Quarter

Analysts predict that Noble Midstream Partners LP (NYSE:NBLX) will report earnings of $0.45 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Noble Midstream Partners’ earnings. The lowest EPS estimate is $0.35 and the highest is $0.55. Noble Midstream Partners posted earnings per share of $1.00 in the same quarter last year, which suggests a negative year-over-year growth rate of 55%. The business is expected to issue its next earnings results on Tuesday, February 18th.

On average, analysts expect that Noble Midstream Partners will report full-year earnings of $3.13 per share for the current year, with EPS estimates ranging from $3.02 to $3.24. For the next financial year, analysts forecast that the business will report earnings of $2.12 per share, with EPS estimates ranging from $2.03 to $2.20. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Noble Midstream Partners.

Noble Midstream Partners (NYSE:NBLX) last issued its quarterly earnings results on Thursday, November 7th. The energy company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.04). Noble Midstream Partners had a return on equity of 11.62% and a net margin of 26.19%. The firm had revenue of $169.32 million for the quarter, compared to the consensus estimate of $170.05 million.

A number of analysts have recently weighed in on the stock. Noble Financial assumed coverage on shares of Noble Midstream Partners in a report on Tuesday, September 3rd. They set a “sector perform” rating and a $29.00 price target for the company. Scotiabank assumed coverage on shares of Noble Midstream Partners in a report on Tuesday, September 3rd. They set a “sector perform” rating and a $29.00 price target for the company. Bank of America cut their price target on shares of Noble Midstream Partners from $42.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Barclays set a $30.00 price target on shares of Noble Midstream Partners and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Zacks Investment Research cut shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $33.36.

In other Noble Midstream Partners news, CEO Brent J. Smolik purchased 5,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $21.50 per share, for a total transaction of $107,500.00. Following the transaction, the chief executive officer now owns 5,000 shares in the company, valued at approximately $107,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andy Viens purchased 1,500 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $21.79 per share, with a total value of $32,685.00. Following the completion of the transaction, the director now owns 11,291 shares in the company, valued at approximately $246,030.89. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 7,500 shares of company stock valued at $161,735.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Oak Wealth Management Inc. acquired a new position in Noble Midstream Partners in the 2nd quarter valued at approximately $26,000. Ladenburg Thalmann Financial Services Inc. increased its position in Noble Midstream Partners by 200.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 900 shares of the energy company’s stock valued at $30,000 after acquiring an additional 600 shares during the period. Cutler Group LP increased its position in Noble Midstream Partners by 100.0% in the 3rd quarter. Cutler Group LP now owns 1,800 shares of the energy company’s stock valued at $43,000 after acquiring an additional 900 shares during the period. Signaturefd LLC increased its position in Noble Midstream Partners by 80.6% in the 2nd quarter. Signaturefd LLC now owns 2,800 shares of the energy company’s stock valued at $93,000 after acquiring an additional 1,250 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in Noble Midstream Partners in the 3rd quarter valued at approximately $85,000. Hedge funds and other institutional investors own 53.06% of the company’s stock.

Shares of Noble Midstream Partners stock traded up $0.33 on Friday, reaching $21.20. 266,811 shares of the stock were exchanged, compared to its average volume of 377,738. The firm’s 50 day moving average is $22.64 and its 200-day moving average is $27.15. Noble Midstream Partners has a one year low of $20.30 and a one year high of $40.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $828.68 million, a PE ratio of 5.67, a P/E/G ratio of 0.51 and a beta of 1.34.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 11th. Investors of record on Monday, November 4th were given a dividend of $0.6716 per share. This represents a $2.69 dividend on an annualized basis and a yield of 12.67%. This is a boost from Noble Midstream Partners’s previous quarterly dividend of $0.64. The ex-dividend date was Friday, November 1st. Noble Midstream Partners’s dividend payout ratio is currently 67.93%.

Noble Midstream Partners Company Profile

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. It operates through three segments: Gathering Systems, Fresh Water Delivery, and Investments and Other. The company provides crude oil, natural gas, and water-related midstream services.

Featured Article: What is the definition of a trade war?

Get a free copy of the Zacks research report on Noble Midstream Partners (NBLX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Noble Midstream Partners (NYSE:NBLX)

Receive News & Ratings for Noble Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.