Noble Midstream Partners (NYSE:NBLX) had its target price decreased by Barclays from $69.00 to $67.00 in a research note published on Wednesday morning. Barclays currently has an overweight rating on the energy company’s stock.
A number of other equities analysts have also commented on NBLX. Robert W. Baird set a $61.00 price target on shares of Noble Midstream Partners and gave the company a buy rating in a research report on Tuesday, March 6th. Zacks Investment Research lowered shares of Noble Midstream Partners from a hold rating to a sell rating in a research report on Wednesday, January 10th. Credit Suisse Group assumed coverage on shares of Noble Midstream Partners in a research report on Thursday, January 4th. They issued an outperform rating and a $61.00 price target on the stock. Finally, ValuEngine lowered shares of Noble Midstream Partners from a buy rating to a hold rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Noble Midstream Partners currently has an average rating of Buy and a consensus price target of $58.43.
Noble Midstream Partners (NBLX) opened at $48.50 on Wednesday. Noble Midstream Partners has a 52-week low of $41.90 and a 52-week high of $57.98. The company has a market cap of $1,923.51, a P/E ratio of 11.95 and a beta of 1.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.75 and a quick ratio of 0.75.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Monday, February 5th were paid a $0.4883 dividend. This is an increase from Noble Midstream Partners’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, February 2nd. This represents a $1.95 annualized dividend and a dividend yield of 4.03%. Noble Midstream Partners’s dividend payout ratio (DPR) is presently 48.03%.
In related news, Director Andy Viens acquired 2,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average price of $51.15 per share, for a total transaction of $102,300.00. Following the completion of the purchase, the director now owns 6,741 shares in the company, valued at approximately $344,802.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Several institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC grew its stake in shares of Noble Midstream Partners by 22.6% in the fourth quarter. Citadel Advisors LLC now owns 6,119 shares of the energy company’s stock worth $306,000 after acquiring an additional 1,129 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Noble Midstream Partners by 12.4% in the second quarter. Wells Fargo & Company MN now owns 10,459 shares of the energy company’s stock worth $475,000 after acquiring an additional 1,152 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Noble Midstream Partners by 4.0% in the fourth quarter. Bank of Montreal Can now owns 49,418 shares of the energy company’s stock worth $2,471,000 after acquiring an additional 1,918 shares during the last quarter. Cushing Asset Management LP grew its stake in shares of Noble Midstream Partners by 0.6% in the fourth quarter. Cushing Asset Management LP now owns 365,550 shares of the energy company’s stock worth $18,278,000 after acquiring an additional 2,156 shares during the last quarter. Finally, First Dallas Securities Inc. acquired a new stake in shares of Noble Midstream Partners in the fourth quarter worth $135,000. Institutional investors and hedge funds own 89.06% of the company’s stock.
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About Noble Midstream Partners
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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