Noble Midstream Partners LP (NBLX) Research Coverage Started at Barclays PLC
Barclays PLC started coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a research report report published on Monday morning. The firm issued an overweight rating and a $35.00 price objective on the stock.
Separately, Mizuho started coverage on Noble Midstream Partners in a research report on Monday. They issued a buy rating and a $33.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Noble Midstream Partners currently has an average rating of Buy and an average price target of $33.94.
Noble Midstream Partners (NASDAQ:NBLX) opened at 29.07 on Monday. Noble Midstream Partners has a 12 month low of $26.00 and a 12 month high of $29.72. The stock’s 50 day moving average is $27.39 and its 200-day moving average is $27.39.
In related news, CEO Terry R. Gerhart acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was purchased at an average cost of $22.50 per share, for a total transaction of $337,500.00. Following the purchase, the chief executive officer now directly owns 15,000 shares in the company, valued at $337,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary W. Willingham acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were bought at an average price of $22.50 per share, with a total value of $225,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $225,000. The disclosure for this purchase can be found here.
Noble Midstream Partners Company Profile
Noble Midstream Partners LP owns, operates, develop, and acquires a range of domestic midstream infrastructure assets. The Company provides crude oil, natural gas, and water-related midstream services for Noble Energy, Inc The Company’s operating assets are focused on the Denver-Julesburg Basin (DJ Basin) in Colorado.
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