Somewhat Positive News Coverage Somewhat Unlikely to Affect Noble Midstream Partners (NBLX) Stock Price

Media stories about Noble Midstream Partners (NYSE:NBLX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest 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 stories about the energy company an impact score of 46.6518992221785 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of Noble Midstream Partners (NYSE NBLX) opened at $47.94 on Thursday. Noble Midstream Partners has a 52-week low of $33.52 and a 52-week high of $56.33. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $991.61, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.61 and a beta of 0.39.

Noble Midstream Partners (NYSE:NBLX) last issued its quarterly earnings data on Monday, October 30th. The energy company reported $1.15 earnings per share for the quarter, beating the 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 business had revenue of $63.11 million for the quarter, compared to analysts’ expectations of $60.29 million. equities analysts forecast that Noble Midstream Partners will post 4.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were paid a dividend of $0.467 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.90%. This is a boost from Noble Midstream Partners’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, November 3rd. Noble Midstream Partners’s payout ratio is presently 50.54%.

NBLX has been the subject of several analyst reports. BidaskClub upgraded shares of Noble Midstream Partners from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Mizuho set a $53.00 price target on shares of Noble Midstream Partners and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Robert W. Baird reiterated a “buy” rating and issued a $57.00 price objective on shares of Noble Midstream Partners in a report on Thursday, August 31st. Zacks Investment Research upgraded shares of Noble Midstream Partners from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Wednesday, October 18th. Finally, Seaport Global Securities assumed coverage on shares of Noble Midstream Partners in a research report on Tuesday, October 10th. They set a “buy” rating and a $60.00 price objective for the company. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $52.50.

In other Noble Midstream Partners news, insider Thomas W. Christensen sold 1,500 shares of Noble Midstream Partners stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $54.00, for a total transaction of $81,000.00. Following the completion of the transaction, the insider now owns 2,868 shares of the company’s stock, valued at approximately $154,872. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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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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