Noble Midstream Partners LP (NYSE:NBLX) Director Martin Salinas purchased 1,750 shares of the stock in a transaction dated Friday, February 14th. The shares were bought at an average cost of $19.62 per share, for a total transaction of $34,335.00.
Shares of NBLX stock traded down $0.43 during mid-day trading on Friday, reaching $19.62. The stock had a trading volume of 458,206 shares, compared to its average volume of 374,571. The company has a market cap of $796.13 million, a P/E ratio of 4.95 and a beta of 1.35. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.66. Noble Midstream Partners LP has a 12-month low of $19.50 and a 12-month high of $40.30. The business has a 50-day simple moving average of $24.31 and a 200 day simple moving average of $24.46.
Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings data on Wednesday, February 12th. The energy company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.45 by $0.20. The business had revenue of $190.77 million for the quarter, compared to analyst estimates of $180.80 million. Noble Midstream Partners had a net margin of 26.19% and a return on equity of 11.62%. Research analysts anticipate that Noble Midstream Partners LP will post 3.13 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Brookfield Public Securities Group LLC purchased a new stake in shares of Noble Midstream Partners in the fourth quarter valued at about $46,063,000. Alps Advisors Inc. grew its position in shares of Noble Midstream Partners by 54.8% in the fourth quarter. Alps Advisors Inc. now owns 4,024,280 shares of the energy company’s stock valued at $106,885,000 after purchasing an additional 1,424,978 shares during the last quarter. Kayne Anderson Capital Advisors LP purchased a new position in shares of Noble Midstream Partners during the 4th quarter worth approximately $34,507,000. FMR LLC increased its stake in shares of Noble Midstream Partners by 113.1% during the 4th quarter. FMR LLC now owns 2,101,821 shares of the energy company’s stock worth $54,227,000 after purchasing an additional 1,115,518 shares in the last quarter. Finally, Credit Suisse AG increased its stake in shares of Noble Midstream Partners by 247.4% during the 4th quarter. Credit Suisse AG now owns 326,689 shares of the energy company’s stock worth $8,677,000 after purchasing an additional 232,663 shares in the last quarter. Institutional investors own 53.02% of the company’s stock.
NBLX has been the subject of a number of research analyst reports. Robert W. Baird downgraded shares of Noble Midstream Partners from an “outperform” rating to a “neutral” rating and cut their price target for the company from $27.00 to $23.00 in a report on Thursday. Credit Suisse Group downgraded shares of Noble Midstream Partners from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from $31.00 to $23.00 in a report on Monday, November 25th. Barclays lowered shares of Noble Midstream Partners from an “overweight” rating to an “equal weight” rating and set a $29.00 target price on the stock. in a research report on Tuesday, January 14th. ValuEngine cut shares of Noble Midstream Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 18th. Finally, Zacks Investment Research downgraded shares of Noble Midstream Partners from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $30.75.
About Noble Midstream Partners
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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