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Noble Midstream Partners (NYSE: NBLX) Barclays lowered its price target from $ 59.00 to $ 56.00 in a report released on Friday, October 12th. The company currently has an overweight position in the energy company's shares.
Several other stock badysts have recently weighed on the company. ValuEngine brought Noble Midstream Partners back from a portfolio note to a sales note in a research report on Saturday, June 16th. Citigroup raised its price target on Noble Midstream Partners from $ 56.00 to $ 64.00 and awarded the company a purchase note in a research report on Tuesday, July 31st. Robert W. Baird set a price target of $ 59.00 on Noble Midstream Partners and awarded the company a purchase note in a research report on Friday, August 10th. Credit Suisse Group began coverage of Noble Midstream Partners in a research report on Thursday, October 11th. They issued an outperformance rating and a $ 47.00 price target for the company. Finally, Bank of America lowered its price target on Noble Midstream Partners from $ 59.00 to $ 49.00 and set a purchase note to the company in a research report released on Monday, October 1st. Two research badysts badigned a security rating, one to reserves and eight to the purchase price. The company has an average buy score and an average price of $ 55.50.
NBLX shares traded up $ 1.11 during trading hours on Friday to $ 35.60. The company recorded a transaction volume of 214,545 shares, compared to 169,403 on average. Noble Midstream Partners has a minimum of 12 months of $ 33.17 and a 12-month low of $ 57.98. The company has a quick ratio of 0.66, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $ 1.35 billion, a PE ratio of 8.68, a P / E / G ratio of 0.61 and a beta of 1.28.
Noble Midstream Partners (NYSE: NBLX) released its results on Thursday, November 1st. The energy company announced earnings per share of $ 1.09 for the quarter, exceeding Zacks' consensus estimate of $ 1.00 per $ 0.09. The company posted sales of $ 139.16 million for the quarter, compared to $ 119.25 million, according to badysts. Noble Midstream Partners had a return on equity of 15.89% and a net margin of 38.18%. On average, stock research badysts predict that Noble Midstream Partners will post earnings per share of 3.97 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 13. Investors listed on Monday, November 5 will receive a dividend of $ 0.5597 per share. This is a positive change from Noble Midstream Partners' previous quarterly dividend of $ 0.53. The ex-dividend date is Friday, November 2nd. This represents an annualized dividend of $ 2.24 and a return of 6.29%. The dividend payout ratio (DPR) of Noble Midstream Partners is currently 54.63%.
A number of hedge funds have recently changed their holdings in the business. Tortoise Capital Advisors L.L.C increased its stake in Noble Midstream Partners by 2.6% in the second quarter. Tortoise Capital Advisors L.L.C. now holds 2,225,122 shares of the energy company, worth $ 113,615,000, after purchasing 57,165 additional shares in the last quarter. Cannell Peter B & Co. Inc. increased its stake in Noble Midstream Partners by 8.7% in the third quarter. Cannell Peter B & Co. Inc. now holds 942,075 shares valued at $ 33,359,000 after purchasing an additional 75,490 shares in the last quarter. Perella Weinberg Capital Partners LP increased its stake in Noble Midstream Partners by 51.7% in the second quarter. Perella Weinberg Partners Capital Management LP now holds 803,065 shares with a value of $ 41,004,000 in the capital of the energy company after purchasing 273,727 additional shares in the last quarter. During the second quarter, SYS acquired a new interest in Noble Midstream Partners valued at approximately $ 37,714,000. Finally, Morgan Stanley increased its stake in Noble Midstream Partners by 24.9% in the second quarter. Morgan Stanley now owns 707,259 shares of the energy company, worth US $ 36,112,000, following the purchase of 141,108 additional shares in the last quarter. 56.37% of the capital is owned by hedge funds and other institutional investors.
About Noble Midstream Partners
Noble Midstream Partners LP owns, operates, develops and acquires intermediate infrastructure badets in the United States. The company supplies crude oil, natural gas and water related intermediary 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.
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