Noble Midstream Partners (NYSE:NBLX) issued its earnings results on Tuesday. The energy company reported $1.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.01), Bloomberg Earnings reports. Noble Midstream Partners had a net margin of 55.83% and a return on equity of 36.74%.
Noble Midstream Partners (NBLX) traded down $0.25 during trading on Tuesday, reaching $53.02. 25,323 shares of the company were exchanged, compared to its average volume of 122,563. Noble Midstream Partners has a fifty-two week low of $41.90 and a fifty-two week high of $57.98. The stock has a market cap of $1,237.60, a price-to-earnings ratio of 14.43 and a beta of 0.95. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Monday, February 5th were paid a $0.4883 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 3.68%. This is a positive change from Noble Midstream Partners’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, February 2nd. Noble Midstream Partners’s payout ratio is currently 52.70%.
A number of institutional investors have recently added to or reduced their stakes in NBLX. First Dallas Securities Inc. purchased a new position in Noble Midstream Partners in the fourth quarter worth $135,000. Edge Advisors LLC bought a new position in Noble Midstream Partners during the third quarter valued at approximately $204,000. Taurus Asset Management LLC bought a new position in Noble Midstream Partners during the third quarter valued at approximately $207,000. Northern Trust Corp bought a new position in Noble Midstream Partners during the second quarter valued at approximately $213,000. Finally, Harbour Capital Advisors LLC bought a new position in Noble Midstream Partners during the third quarter valued at approximately $301,000. Institutional investors and hedge funds own 85.95% of the company’s stock.
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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