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.
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.
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