Noble Midstream Partners LP (NBLX) Coverage Initiated by Analysts at Robert W. Baird
Robert W. Baird initiated coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a report released on Monday. The brokerage issued an outperform rating and a $39.00 price target on the stock.
A number of other research analysts also recently commented on the stock. Barclays PLC began coverage on shares of Noble Midstream Partners in a research report on Monday. They set an overweight rating and a $35.00 price objective on the stock. Mizuho began coverage on shares of Noble Midstream Partners in a research report on Monday. They set a buy rating and a $33.00 price objective on the stock. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $34.35.
Noble Midstream Partners (NASDAQ:NBLX) opened at 28.76 on Monday. The firm’s 50-day moving average is $27.46 and its 200 day moving average is $27.46. Noble Midstream Partners has a one year low of $26.00 and a one year high of $29.72.
In other news, insider Thomas W. Christensen bought 1,500 shares of the stock in a transaction dated Tuesday, September 20th. The shares were acquired at an average price of $22.50 per share, with a total value of $33,750.00. Following the acquisition, the insider now owns 1,500 shares in the company, valued at $33,750. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO John C. Nicholson bought 2,700 shares of the stock in a transaction dated Tuesday, September 20th. The stock was purchased at an average cost of $22.50 per share, for a total transaction of $60,750.00. Following the acquisition, the chief operating officer now owns 2,700 shares in the company, valued at approximately $60,750. 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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