Investment analysts at Credit Suisse Group started coverage on shares of Noble Midstream Partners (NYSE:NBLX) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage set an “outperform” rating and a $47.00 price target on the energy company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 19.29% from the stock’s current price.

NBLX has been the topic of a number of other research reports. Citigroup raised their price target on shares of Noble Midstream Partners from $56.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Wells Fargo & Co lowered shares of Noble Midstream Partners from an “outperform” rating to a “market perform” rating in a report on Monday, September 24th. ValuEngine lowered shares of Noble Midstream Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 28th. Bank of America cut their price target on shares of Noble Midstream Partners from $59.00 to $49.00 and set a “buy” rating on the stock in a report on Monday, October 1st. Finally, Robert W. Baird set a $59.00 price target on shares of Noble Midstream Partners and gave the stock a “buy” rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Noble Midstream Partners has an average rating of “Buy” and an average price target of $55.50.

Shares of Noble Midstream Partners stock opened at $39.40 on Thursday. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.57 and a beta of 1.71. Noble Midstream Partners has a 12-month low of $33.51 and a 12-month high of $57.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.45 and a current ratio of 0.48.

Noble Midstream Partners (NYSE:NBLX) last announced its quarterly earnings results on Friday, August 3rd. The energy company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $121.97 million for the quarter, compared to analyst estimates of $114.90 million. Noble Midstream Partners had a net margin of 45.55% and a return on equity of 21.14%. Research analysts expect that Noble Midstream Partners will post 3.99 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Baldwin Brothers Inc. MA purchased a new stake in shares of Noble Midstream Partners in the 2nd quarter worth about $105,000. Tower Research Capital LLC TRC purchased a new stake in shares of Noble Midstream Partners in the 2nd quarter worth about $159,000. Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of Noble Midstream Partners in the 2nd quarter worth about $204,000. Summit Trail Advisors LLC purchased a new stake in shares of Noble Midstream Partners in the 2nd quarter worth about $211,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Noble Midstream Partners by 31.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,155 shares of the energy company’s stock worth $314,000 after purchasing an additional 1,462 shares during the period. 56.43% of the stock is owned by hedge funds and other institutional investors.

About Noble Midstream Partners

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. The company provides crude oil, natural gas, and water-related midstream 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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Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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