Analysts expect that Noble Midstream Partners LP (NYSE:NBLX) will post earnings per share (EPS) of $0.91 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Noble Midstream Partners’ earnings. The lowest EPS estimate is $0.72 and the highest is $1.12. Noble Midstream Partners posted earnings per share of $0.10 during the same quarter last year, which would indicate a positive year-over-year growth rate of 810%. The company is expected to announce its next earnings report on Wednesday, November 1st.

On average, analysts expect that Noble Midstream Partners will report full-year earnings of $3.44 per share for the current year, with EPS estimates ranging from $2.99 to $3.83. For the next financial year, analysts expect that the business will post earnings of $4.63 per share, with EPS estimates ranging from $3.40 to $5.86. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Noble Midstream Partners.

Noble Midstream Partners (NYSE:NBLX) last issued its earnings results on Thursday, August 3rd. The energy company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.23. Noble Midstream Partners had a net margin of 50.57% and a return on equity of 30.53%. The firm had revenue of $57.78 million for the quarter, compared to analyst estimates of $45.20 million.

A number of equities analysts have commented on NBLX shares. Zacks Investment Research raised shares of Noble Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $59.00 price target for the company in a research note on Wednesday, April 19th. Barclays PLC set a $55.00 price target on shares of Noble Midstream Partners and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Mizuho cut shares of Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Monday, July 10th. Finally, Scotiabank set a $50.00 price target on shares of Noble Midstream Partners and gave the stock a “buy” rating in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $43.45.

Shares of Noble Midstream Partners (NYSE NBLX) traded down 2.84% during mid-day trading on Monday, reaching $43.80. 328,003 shares of the company’s stock were exchanged. The firm has a market cap of $1.39 billion and a P/E ratio of 28.17. The company has a 50 day moving average price of $45.58 and a 200 day moving average price of $47.13. Noble Midstream Partners has a 52-week low of $26.00 and a 52-week high of $53.29.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be paid a $0.4457 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Thursday, August 3rd. This is a boost from Noble Midstream Partners’s previous quarterly dividend of $0.41. Noble Midstream Partners’s payout ratio is currently 67.17%.

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Large investors have recently made changes to their positions in the stock. Taylor Wealth Management Partners boosted its stake in shares of Noble Midstream Partners by 95.0% in the first quarter. Taylor Wealth Management Partners now owns 1,950 shares of the energy company’s stock worth $102,000 after buying an additional 950 shares during the period. Global X Management Co. LLC acquired a new stake in shares of Noble Midstream Partners during the second quarter worth about $198,000. JPMorgan Chase & Co. boosted its stake in shares of Noble Midstream Partners by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 4,129 shares of the energy company’s stock worth $215,000 after buying an additional 125 shares during the period. Diversified Trust Co boosted its stake in shares of Noble Midstream Partners by 1.7% in the second quarter. Diversified Trust Co now owns 5,417 shares of the energy company’s stock worth $246,000 after buying an additional 88 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Noble Midstream Partners by 2,540.5% in the first quarter. Tower Research Capital LLC TRC now owns 5,149 shares of the energy company’s stock worth $268,000 after buying an additional 4,954 shares during the period. 92.90% of the stock is owned by institutional investors.

Noble Midstream Partners Company Profile

Noble Midstream Partners LP is engaged in owning, operating, developing and acquiring a range of domestic midstream infrastructure assets. The Company’s areas of focus are in the area of Denver-Julesburg (DJ) Basin in Colorado and the Southern Delaware Basin position of the Permian Basin in Texas (Delaware Basin).

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