Today Credit Suisse Keeps a Outperform Rating on Noble Midstream Partners (NBLX) and a $54 Target Price

November 9, 2018 - By Sarah Harris

Noble Midstream Partners (NBLX) Rating Reaffirmed

Equity analysts at Credit Suisse now has a $54 target price on Noble Midstream Partners (NBLX). Credit Suisse and their recent target price would suggest a potential upside of 34.76 % from the company’s last stock price. The rating has been disclosed in a research note on Thursday, 8 November.

Noble Midstream Partners LP (NYSE:NBLX) Ratings Coverage

Among 5 analysts covering Noble Midstream Partners (NBLX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Noble Midstream Partners has $64 highest and $47 lowest target. $54’s average target is 34.76% above currents $40.07 stock price. Noble Midstream Partners had 7 analyst reports since June 12, 2018 according to SRatingsIntel. The stock of Noble Midstream Partners LP (NYSE:NBLX) has “Market Perform” rating given on Monday, September 24 by Wells Fargo. The stock of Noble Midstream Partners LP (NYSE:NBLX) has “Overweight” rating given on Wednesday, August 29 by Barclays Capital. As per Monday, October 1, the company rating was maintained by Bank of America. The rating was maintained by Citigroup on Tuesday, July 31 with “Buy”. On Friday, October 12 the stock rating was maintained by Barclays Capital with “Overweight”. On Tuesday, June 12 the stock rating was maintained by Barclays Capital with “Overweight”.

The stock decreased 4.05% or $1.69 during the last trading session, reaching $40.07. About 294,920 shares traded or 25.10% up from the average. Noble Midstream Partners LP (NBLX) has declined 12.85% since November 9, 2017 and is downtrending. It has underperformed by 28.47% the S&P500.

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. The company has market cap of $1.59 billion. The firm provides crude oil, natural gas, and water-related midstream services. It has a 9.63 P/E ratio. The firm operates in the Denver-Julesburg Basin in Colorado and the Delaware Basin in Texas.

More important recent Noble Midstream Partners LP (NYSE:NBLX) news were published by: Seekingalpha.com which released: “Noble Midstream Partners LP declares $0.5597 dividend” on October 25, 2018, also Seekingalpha.com published article titled: “Noble Midstream Partners’ (NBLX) CEO Terry Gerhart on Q3 2018 Results – Earnings Call Transcript”, Fool.com published: “Voters Gave These High-Yield Stocks Reason to Cheer” on November 07, 2018. More interesting news about Noble Midstream Partners LP (NYSE:NBLX) was released by: Bizjournals.com and their article: “Behind the deal: Houston midstream cos. partner on Permian pipeline project” with publication date: October 15, 2018.

Noble Midstream Partners LP (NYSE:NBLX) Ratings Chart

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