Noble Midstream Partners LP (NBLX): Let’s take a bird-eye on it


Noble Midstream Partners LP (NASDAQ:NBLX) changes shares on Wednesday trading session, with a change of 2.92% or $0.27 shares. The trading starts at $9.40 and closed at $9.26 throughout the day. The trading session low price was $9.33 and day high was $9.82 on Wednesday, August 05. After the session, the Energy sector daily volume shifted to 0.5 million while its average volume is 840.90K. In other hand, the NBLX market cap reached to $870.37M. While, its current target price is $9.25.

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Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 0.74% and up 27.24% for month. Its quarterly performance was 55.97% above, while its half year performance is down -56.66%. NBLX yearly performance stood at negative -66.19% and fall -64.12% for year-to-date. Current recommendation for Noble Midstream Partners LP is 3.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. NBLX EPS (TTM) for 12-month is 2.40. EPS for this year is -19.70%, while for the next year its value is 2.11. Its EPS Q/Q reached -88.90%. It has an EPS of 54.20% up for past five years and for the next five years will be down -8.34%.

Let’s take a look on the analyst recommendations on NBLX for the current month and previous month. For the current month, 0 of 5 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 5 as Hold. As compared with the previous month ratings, 6 analysts participate in stock recommendation. Out of 6, 0 rated it sell, 0 rated it as Buy and 6 as Hold Ratings. On the other hand, target price ranges from $9.00 – $11.00. Average target price for NBLX was reached at $9.80.

Tortoise Capital Advisors, LLC, Alps Advisors Inc. and Brookfield Public Securities Group LLC are the top three holders in Noble Midstream Partners LP (NBLX) stock. On Mar 30, 2020, Tortoise Capital Advisors, LLC has 4.33 million shares which valued 15.16 million. On Mar 30, 2020, Alps Advisors Inc. owned 4.27 million shares which valued at 14.96 million. On Mar 30, 2020, Brookfield Public Securities Group LLC has a total of 3.31 million shares which valued at 11.59 million. In the end, Brookfield Public Securities Group LLC have 3.67% shares outstanding of Noble Midstream Partners LP (NBLX) on Mar 30, 2020. The insider ownership moved to 0.10% and institutional holding shifted to 31.90%.

The company posted an EPS (TTM) of 2.40. According to the most recent quarter report on (Sep 2020), 5 analysts estimated an average EPS of 0.55, while 0.88 EPS posted a year ago period. Analyst Estimated EPS for NBLX published in the report was $0.52 – $0.59 during the same period. Comparing with last year, the average estimated EPS was 0.88 which is higher than 0.53 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for NBLX fall -34.19% for period of 200 days. SMA for 50 days was 5.18% which is showing green signal, while SMA-20 was 14.08%. The moving average value for Noble Midstream Partners LP (NBLX) is 10.07 and 8.62 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in NBLX stock. On Mar 09, Christensen Thomas W., Chief Financial Officer, bought 4,750 trading shares at the cost of $5.28, which valued at 25080.0. On Mar 03, SMOLIK BRENT J, Chief Executive Officer, bought 9,850 shares at the cost of $15.37, with total shares of 14,850. On Feb 14, Christensen Thomas W., Chief Financial Officer, bought 1,050 shares at the cost of 19.65. After this transaction, Christensen Thomas W. total shares reached to 20,121 which valued at 20633.0.