Deutsche Bank AG initiated coverage on shares of Noble Midstream Partners LP (NASDAQ:NBLX) in a research note published on Monday morning. The firm issued a hold rating and a $29.00 price target on the stock.
Several other research firms have also recently weighed in on NBLX. Mizuho assumed coverage on shares of Noble Midstream Partners in a research note on Monday. They issued a buy rating and a $33.00 target price for the company. Robert W. Baird assumed coverage on shares of Noble Midstream Partners in a research note on Monday. They issued an outperform rating and a $39.00 target price for the company. Finally, Barclays PLC assumed coverage on shares of Noble Midstream Partners in a research note on Monday. They issued an overweight rating and a $35.00 target price for the company. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Noble Midstream Partners currently has a consensus rating of Buy and an average target price of $34.35.
Noble Midstream Partners (NASDAQ:NBLX) opened at 28.76 on Monday. Noble Midstream Partners has a 52 week low of $26.00 and a 52 week high of $29.72. The stock has a 50 day moving average of $27.46 and a 200-day moving average of $27.46.
In related news, insider Thomas W. Christensen purchased 1,500 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was acquired at an average cost of $22.50 per share, with a total value of $33,750.00. Following the transaction, the insider now owns 1,500 shares of the company’s stock, valued at approximately $33,750. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Terry R. Gerhart purchased 15,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was bought at an average cost of $22.50 per share, with a total value of $337,500.00. Following the completion of the transaction, the chief executive officer now directly owns 15,000 shares in the company, valued at approximately $337,500. 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.
Receive News & Ratings for Noble Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noble Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.