Noble Midstream Partners (NYSE:NBLX) Getting Somewhat Positive Press Coverage, Study Shows

Media headlines about Noble Midstream Partners (NYSE:NBLX) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Noble Midstream Partners earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the energy company an impact score of 46.6518992221785 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

Several research analysts recently weighed in on the company. Mizuho set a $53.00 price target on Noble Midstream Partners and gave the company a “hold” rating in a research report on Tuesday, October 31st. ValuEngine cut Noble Midstream Partners from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Robert W. Baird set a $62.00 price objective on Noble Midstream Partners and gave the company a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research upgraded Noble Midstream Partners from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, October 18th. Finally, Seaport Global Securities initiated coverage on Noble Midstream Partners in a research report on Tuesday, October 10th. They issued a “buy” rating and a $60.00 price objective for the company. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Noble Midstream Partners presently has a consensus rating of “Buy” and an average target price of $53.13.

Noble Midstream Partners (NYSE:NBLX) traded down $0.90 during midday trading on Friday, reaching $50.00. The company’s stock had a trading volume of 158,768 shares, compared to its average volume of 175,714. The firm has a market capitalization of $1,182.54, a price-to-earnings ratio of 13.51 and a beta of 0.39. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.40 and a quick ratio of 0.40. Noble Midstream Partners has a one year low of $35.56 and a one year high of $56.33.

Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings data on Monday, October 30th. The energy company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.10. Noble Midstream Partners had a return on equity of 36.74% and a net margin of 55.83%. The company had revenue of $63.11 million for the quarter, compared to analyst estimates of $60.29 million. equities research analysts predict that Noble Midstream Partners will post 4.06 earnings per share for the current fiscal year.

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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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