Noble Midstream Partners LP (NYSE:NBLX) CEO Brent J. Smolik purchased 5,000 shares of Noble Midstream Partners stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $21.50 per share, with a total value of $107,500.00. Following the transaction, the chief executive officer now owns 5,000 shares in the company, valued at approximately $107,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Noble Midstream Partners stock traded down $1.04 during mid-day trading on Tuesday, reaching $20.73. 461,608 shares of the stock were exchanged, compared to its average volume of 253,234. The company has a market cap of $864.02 million, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of 0.46 and a beta of 1.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.66. The firm has a 50-day simple moving average of $23.79 and a 200 day simple moving average of $28.16. Noble Midstream Partners LP has a fifty-two week low of $20.65 and a fifty-two week high of $40.30.
Noble Midstream Partners (NYSE:NBLX) last announced its earnings results on Thursday, November 7th. The energy company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.04). The firm had revenue of $169.32 million for the quarter, compared to analyst estimates of $170.05 million. Noble Midstream Partners had a return on equity of 11.62% and a net margin of 26.19%. On average, research analysts predict that Noble Midstream Partners LP will post 3.61 EPS for the current fiscal year.
Several equities research analysts recently commented on NBLX shares. ValuEngine downgraded shares of Noble Midstream Partners from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Bank of America reduced their price target on shares of Noble Midstream Partners from $42.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Barclays set a $30.00 price target on shares of Noble Midstream Partners and gave the company a “buy” rating in a research report on Tuesday, October 15th. Credit Suisse Group dropped their price objective on shares of Noble Midstream Partners from $40.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Noble Financial started coverage on shares of Noble Midstream Partners in a research note on Tuesday, September 3rd. They issued a “sector perform” rating and a $29.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Noble Midstream Partners has a consensus rating of “Hold” and an average target price of $35.58.
Several institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Noble Midstream Partners by 200.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 900 shares of the energy company’s stock worth $30,000 after purchasing an additional 600 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Noble Midstream Partners by 3.2% during the 2nd quarter. Van ECK Associates Corp now owns 20,747 shares of the energy company’s stock worth $690,000 after purchasing an additional 653 shares in the last quarter. Northern Oak Wealth Management Inc. acquired a new stake in shares of Noble Midstream Partners during the 2nd quarter worth about $26,000. First Republic Investment Management Inc. increased its position in Noble Midstream Partners by 4.1% in the 2nd quarter. First Republic Investment Management Inc. now owns 20,093 shares of the energy company’s stock valued at $668,000 after acquiring an additional 783 shares in the last quarter. Finally, Cutler Group LP increased its position in Noble Midstream Partners by 100.0% in the 3rd quarter. Cutler Group LP now owns 1,800 shares of the energy company’s stock valued at $43,000 after acquiring an additional 900 shares in the last quarter. Institutional investors and hedge funds own 56.13% 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.
Recommended Story: Treasury Bonds
Receive News & Ratings for Noble Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.