Q3 2018 Earnings Estimate for Noble Midstream Partners (NBLX) Issued By Seaport Global Securities

Noble Midstream Partners (NYSE:NBLX) – Equities research analysts at Seaport Global Securities issued their Q3 2018 earnings per share (EPS) estimates for Noble Midstream Partners in a report released on Monday, April 9th, Zacks Investment Research reports. Seaport Global Securities analyst B. Colson forecasts that the energy company will post earnings of $1.04 per share for the quarter. Seaport Global Securities also issued estimates for Noble Midstream Partners’ Q4 2018 earnings at $1.06 EPS, FY2018 earnings at $4.09 EPS and FY2019 earnings at $3.94 EPS.

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Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings results on Tuesday, February 20th. The energy company reported $1.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.01). Noble Midstream Partners had a return on equity of 34.74% and a net margin of 58.40%. The business had revenue of $68.07 million during the quarter, compared to the consensus estimate of $65.03 million.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Noble Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Mizuho raised Noble Midstream Partners from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, April 11th. TheStreet cut Noble Midstream Partners from a “c” rating to a “d+” rating in a research note on Monday, March 19th. Barclays decreased their target price on Noble Midstream Partners from $69.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday, March 7th. Finally, Robert W. Baird set a $61.00 target price on Noble Midstream Partners and gave the company a “buy” rating in a research note on Tuesday, March 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $58.71.

NYSE:NBLX opened at $43.21 on Wednesday. Noble Midstream Partners has a 1 year low of $41.90 and a 1 year high of $57.98. The firm has a market capitalization of $1,770.03, a PE ratio of 10.99 and a beta of 1.84. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.14.

In related news, Director Kenneth M. Fisher purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The stock was acquired at an average price of $47.49 per share, for a total transaction of $94,980.00. Following the transaction, the director now directly owns 14,500 shares of the company’s stock, valued at approximately $688,605. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of institutional investors have recently made changes to their positions in NBLX. Kayne Anderson Capital Advisors LP lifted its stake in Noble Midstream Partners by 27.4% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 2,090,785 shares of the energy company’s stock worth $104,534,000 after acquiring an additional 449,100 shares in the last quarter. Bamco Inc. NY lifted its stake in Noble Midstream Partners by 330.0% in the 4th quarter. Bamco Inc. NY now owns 168,738 shares of the energy company’s stock worth $8,437,000 after acquiring an additional 129,500 shares in the last quarter. Dividend Assets Capital LLC purchased a new stake in Noble Midstream Partners in the 4th quarter worth about $4,700,000. JPMorgan Chase & Co. lifted its stake in Noble Midstream Partners by 29.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 358,577 shares of the energy company’s stock worth $18,717,000 after acquiring an additional 80,909 shares in the last quarter. Finally, Anchor Bolt Capital LP lifted its stake in Noble Midstream Partners by 77.0% in the 4th quarter. Anchor Bolt Capital LP now owns 185,916 shares of the energy company’s stock worth $9,296,000 after acquiring an additional 80,878 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

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Noble Midstream Partners Company Profile

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. The company provides crude oil, natural gas, and water-related midstream services. The company operates in the Denver-Julesburg Basin in Colorado and the Delaware Basin in Texas. The company was founded in 2014 and is based in Houston, Texas.

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