Noble Midstream Partners (NYSE:NBLX) Target Raised by Piper Sandler to $9.00

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Noble Midstream Partners stock has undergone multiple analysts rating changes in the recent past.  Noble Midstream Partners stock Target Raised by   Piper Sandler on 6/30/2020. In a note to investors, the firm issued a new target price of $9.00. The analysts previously had $7.00 target price. Piper Sandler’s price target would indicate a potential upside of 10.02% from the stock’s previous close.

Shares of Noble Midstream Partners traded down -$0.02 on Tuesday, reaching $8.16. 94424 shares of the stock traded hands, compared to its average volume of 924501. Shares of were trading at $8.16 on Tuesday. The firm’s 50 day moving average is $$8.20 and its 200 day moving average is $16.47.Noble Midstream Partners  has a 12 month low of $8.07 and a 12 month high of $34.50. While on yearly highs and lows, Noble Midstream Partners today has traded high as $8.26 and has touched $8.07 on the downward trend.

Noble Midstream Partners Earnings and What to expect: 

Noble Midstream Partners last issued its quarterly earnings data on May 8th, 2020. The energy company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.76. The company had revenue of $224.05 million for the quarter, compared to analyst estimates of $204.90 million. Noble Midstream Partners has generated $3.96 earnings per share over the last year and currently has a price-to-earnings ratio of 2.1. Noble Midstream Partners has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, August 7th, 2020 based off prior year’s report dates.

Earnings for Noble Midstream Partners are expected to decrease by -32.27% in the coming year, from $3.13 to $2.12 per share. The P/E ratio of Noble Midstream Partners is 2.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.26. The P/E ratio of Noble Midstream Partners is 2.06, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.30. Noble Midstream Partners has a P/B Ratio of 0.25. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • There is no enough data Insider Ownership Percentage
  • On 3/9/2020 CFO Thomas W Christensen Buy 4,750 at average share price of $4.50 which equates to $21,375.00 in money value.
  • On 3/3/2020 CEO Brent J Smolik Buy 9,850 at average price of  $14.83 with total value of : $146,075.50
  • On 2/14/2020 General Counsel Aaron G Carlson Buy 1,000 at average price of  $19.62 with total value of : $19,620.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Noble Midstream Partners

  • 6/19/2020 – Noble Midstream Partners was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating.
  • 5/21/2020 – Noble Midstream Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.00 price target on the stock.
  • 5/15/2020 – Noble Midstream Partners was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating.
  • 5/12/2020 – Noble Midstream Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.00 price target on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by Piper Sandler: 

  • 6/30/2020 – 1life Healthcare had its price target raised by analysts at Piper Sandler from $29.00 to $40.00. They now have an “overweight” rating on the stock.
  • 6/30/2020 – MidWestOne Financial Group had its price target lowered by analysts at Piper Sandler from $23.00 to $22.00. They now have an “overweight” rating on the stock.
  • 6/30/2020 – Micron Technology had its price target raised by analysts at Piper Sandler from $48.00 to $51.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – CareDx had its “buy” rating re-affirmed by analysts at Piper Sandler. They now have a $54.00 price target on the stock.
  • See More Analyst Rating at: RATING

Noble Midstream Partners (NYSE:NBLX) Moving Average Technical Analysis

5 day Moving Average is $$8.55 And 5 day price change is -$1.85 (-18.41%)  with average volume for 5 day average is 657,619. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $9.90 and 20 day price change is -$0.82 (-9.09%) and average 20 day moving volume is 913,090. 50 day moving average is $8.20  and 50 day price change is $4.13 ( 101.47%)  and with average volume for 50 days is : 961,772. 200 day moving average is $16.47  and 200 day price change is -$19.15 (-70.02%)  and with average volume for 200 days is : 680,002.

See More Analyst Rating at: RATING