JPMorgan Chase & Co. started coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a report published on Monday morning. The brokerage issued an overweight rating and a $34.00 target price on the stock.
Several other equities research analysts also recently commented on the company. Deutsche Bank AG initiated coverage on Noble Midstream Partners in a report on Monday. They issued a hold rating and a $29.00 price objective for the company. Robert W. Baird began coverage on Noble Midstream Partners in a research note on Monday. They set an outperform rating and a $39.00 price target for the company. Mizuho began coverage on Noble Midstream Partners in a research note on Monday. They set a buy rating and a $33.00 price target for the company. Finally, Barclays PLC began coverage on Noble Midstream Partners in a research note on Monday. They set an overweight rating and a $35.00 price target for the company. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Noble Midstream Partners has a consensus rating of Buy and a consensus price target of $34.50.
Shares of Noble Midstream Partners (NASDAQ:NBLX) traded up 0.21% during midday trading on Monday, hitting $28.47. 41,023 shares of the stock were exchanged. The firm’s 50 day moving average price is $27.24 and its 200-day moving average price is $27.24. Noble Midstream Partners has a 52-week low of $26.00 and a 52-week high of $28.99.
In related news, CEO Terry R. Gerhart acquired 15,000 shares of the stock in a transaction dated Tuesday, September 20th. The shares were purchased at an average cost of $22.50 per share, with a total value of $337,500.00. Following the transaction, the chief executive officer now directly owns 15,000 shares in the company, valued at $337,500. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas W. Christensen acquired 1,500 shares of the stock in a transaction dated Tuesday, September 20th. The shares were bought at an average cost of $22.50 per share, for a total transaction of $33,750.00. Following the completion of the transaction, the insider now owns 1,500 shares in the company, valued at $33,750. 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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