Barclays PLC assumed coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a research note issued to investors on Monday. The firm set an “overweight” rating and a $35.00 price target on the stock. Barclays PLC’s price target would indicate a potential upside of 23.28% from the stock’s current price.
Separately, Mizuho assumed coverage on Noble Midstream Partners in a research note on Monday. They set a “buy” rating and a $33.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Noble Midstream Partners presently has an average rating of “Buy” and an average target price of $34.19.
Shares of Noble Midstream Partners (NASDAQ:NBLX) opened at 28.39 on Monday. Noble Midstream Partners has a one year low of $26.00 and a one year high of $28.99. The company’s 50-day moving average price is $27.30 and its 200-day moving average price is $27.30.
In other Noble Midstream Partners news, CFO John F. Iv Bookout purchased 7,000 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was purchased at an average price of $22.50 per share, for a total transaction of $157,500.00. Following the completion of the purchase, the chief financial officer now directly owns 7,000 shares of the company’s stock, valued at $157,500. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas W. Christensen purchased 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was acquired at an average price of $22.50 per share, with a total value of $33,750.00. Following the purchase, the insider now directly owns 1,500 shares of the company’s stock, valued at $33,750. The disclosure for this purchase can be found here.
About Noble Midstream Partners
Noble Midstream Partners LP owns, operates, develop, and acquires a range of domestic midstream infrastructure assets. The Company provides crude oil, natural gas, and water-related midstream services for Noble Energy, Inc The Company’s operating assets are focused on the Denver-Julesburg Basin (DJ Basin) in Colorado.
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