News coverage about Noble Midstream Partners (NYSE:NBLX) has trended positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Noble Midstream Partners earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave news stories about the energy company an impact score of 46.1820859770546 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Head to Head Survey: Noble Midstream Partners (NBLX) vs. The Competition (americanbankingnews.com)
- Noble Midstream Partners LP (NBLX) Coverage Initiated by Analysts at Seaport Global Securities (americanbankingnews.com)
- Comparing Noble Midstream Partners (NBLX) and Its Rivals (americanbankingnews.com)
- Noble Midstream Partners LP (NBLX) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Analyzing Noble Midstream Partners (NBLX) and Buckeye Partners L.P. (BPL) (americanbankingnews.com)
NBLX has been the topic of several analyst reports. Scotiabank set a $50.00 price target on Noble Midstream Partners and gave the stock a “buy” rating in a report on Thursday, June 22nd. Mizuho lowered Noble Midstream Partners from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a report on Monday, July 10th. Zacks Investment Research lowered Noble Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Robert W. Baird reiterated a “buy” rating and set a $57.00 price target on shares of Noble Midstream Partners in a report on Thursday, August 31st. Finally, BidaskClub upgraded Noble Midstream Partners from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $47.89.
Shares of Noble Midstream Partners (NYSE NBLX) traded up 0.37% during mid-day trading on Wednesday, reaching $51.33. 50,889 shares of the company traded hands. The company’s 50 day moving average is $50.82 and its 200 day moving average is $50.82. Noble Midstream Partners has a 52-week low of $28.10 and a 52-week high of $56.33. The stock has a market capitalization of $1.84 billion and a price-to-earnings ratio of 29.03.
Noble Midstream Partners (NYSE:NBLX) last released its earnings results on Thursday, August 3rd. The energy company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.23. Noble Midstream Partners had a return on equity of 31.64% and a net margin of 50.57%. The firm had revenue of $57.78 million for the quarter, compared to the consensus estimate of $45.20 million. On average, equities analysts forecast that Noble Midstream Partners will post $3.87 earnings per share for the current year.
In related news, insider Thomas W. Christensen sold 1,500 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $54.00, for a total transaction of $81,000.00. Following the transaction, the insider now directly owns 2,868 shares in the company, valued at $154,872. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
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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