Shares of Noble Midstream Partners LP (NYSE:NBLX) have received a consensus recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $14.63.
A number of equities analysts have commented on the stock. Piper Sandler raised shares of Noble Midstream Partners from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $9.00 to $12.00 in a research note on Tuesday, August 25th. Zacks Investment Research upgraded shares of Noble Midstream Partners from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a report on Thursday, September 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of Noble Midstream Partners from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd.
NBLX stock traded down $0.76 during midday trading on Wednesday, reaching $6.83. The company had a trading volume of 588,149 shares, compared to its average volume of 754,421. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.77 and a quick ratio of 0.77. Noble Midstream Partners has a 1 year low of $1.81 and a 1 year high of $28.88. The company has a market capitalization of $617.23 million, a P/E ratio of 1.72 and a beta of 1.35. The firm has a 50-day moving average price of $8.78 and a 200-day moving average price of $7.61.
Several institutional investors and hedge funds have recently made changes to their positions in NBLX. SG Americas Securities LLC bought a new stake in Noble Midstream Partners during the 1st quarter valued at $138,000. JPMorgan Chase & Co. raised its holdings in Noble Midstream Partners by 793.5% during the 1st quarter. JPMorgan Chase & Co. now owns 993,884 shares of the energy company’s stock valued at $3,479,000 after buying an additional 882,653 shares during the last quarter. American Financial Group Inc. raised its holdings in Noble Midstream Partners by 70.0% during the 1st quarter. American Financial Group Inc. now owns 34,000 shares of the energy company’s stock valued at $118,000 after buying an additional 14,000 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Noble Midstream Partners during the 1st quarter valued at $63,000. Finally, Citigroup Inc. raised its holdings in Noble Midstream Partners by 312.6% during the 1st quarter. Citigroup Inc. now owns 221,700 shares of the energy company’s stock valued at $776,000 after buying an additional 167,973 shares during the last quarter. Hedge funds and other institutional investors own 53.02% of the company’s stock.
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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