Analysts at Piper Jaffray Companies began coverage on shares of Noble Midstream Partners (NYSE:NBLX) in a research note issued on Wednesday, MarketBeat reports. The firm set a “neutral” rating and a $35.00 price target on the energy company’s stock. Piper Jaffray Companies’ price target would suggest a potential upside of 12.98% from the stock’s current price. Piper Jaffray Companies also issued estimates for Noble Midstream Partners’ Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $1.08 EPS, Q4 2019 earnings at $1.12 EPS, FY2019 earnings at $4.15 EPS, Q1 2020 earnings at $1.15 EPS, Q2 2020 earnings at $1.23 EPS, Q3 2020 earnings at $1.34 EPS, Q4 2020 earnings at $1.41 EPS, FY2020 earnings at $5.14 EPS and FY2021 earnings at $6.12 EPS.

Several other brokerages have also recently weighed in on NBLX. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Rowe cut their price objective on shares of Noble Midstream Partners to $49.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the company a “neutral” rating in a research report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Noble Midstream Partners presently has a consensus rating of “Hold” and an average price target of $46.91.

Noble Midstream Partners stock opened at $30.98 on Wednesday. The company has a market capitalization of $1.23 billion, a PE ratio of 7.82, a P/E/G ratio of 0.49 and a beta of 1.33. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.71 and a current ratio of 0.71. Noble Midstream Partners has a 1 year low of $26.08 and a 1 year high of $56.40. The firm’s 50 day moving average is $32.33.

Noble Midstream Partners (NYSE:NBLX) last announced its quarterly earnings results on Friday, May 3rd. The energy company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.10). Noble Midstream Partners had a return on equity of 12.84% and a net margin of 30.14%. The business had revenue of $147.96 million during the quarter, compared to the consensus estimate of $141.40 million. Sell-side analysts expect that Noble Midstream Partners will post 4.23 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Icon Wealth Partners LLC bought a new position in shares of Noble Midstream Partners in the first quarter worth about $36,000. Signaturefd LLC bought a new position in shares of Noble Midstream Partners in the first quarter worth about $56,000. American Century Companies Inc. bought a new position in shares of Noble Midstream Partners in the fourth quarter worth about $248,000. Tortoise Index Solutions LLC increased its stake in shares of Noble Midstream Partners by 23.5% in the first quarter. Tortoise Index Solutions LLC now owns 9,296 shares of the energy company’s stock worth $335,000 after purchasing an additional 1,770 shares during the period. Finally, Wiley BROS. Aintree Capital LLC bought a new position in shares of Noble Midstream Partners in the first quarter worth about $401,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Noble Midstream Partners Company Profile

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. It operates through three segments: Gathering Systems, Fresh Water Delivery, and Investments and Other. The company provides crude oil, natural gas, and water-related midstream services.

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Analyst Recommendations for Noble Midstream Partners (NYSE:NBLX)

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