In a report released today, Ethan Bellamy from Robert W. Baird reiterated a Buy rating on Noble Midstream Partners LP (NYSE: NBLX), with a price target of $59. The company’s shares closed yesterday at $49.40.
According to TipRanks.com, Bellamy is a 3-star analyst with an average return of 2.2% and a 58.7% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, CNX Midstream Partners LP, and EnLink Midstream Partners.
Currently, the analyst consensus on Noble Midstream Partners LP is a Moderate Buy with an average price target of $59.
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Noble Midstream Partners LP’s market cap is currently $1.96B and has a P/E ratio of 11.81. The company has a Price to Book ratio of 3.79.
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Noble Midstream Partners LP owns, operates, develops and acquires a wide range of domestic midstream infrastructure assets. It involves in providing crude oil, natural gas, and water-related midstream services. The company operates through the following segments: Gathering Systems, Fresh Water Delivery, Investments and Other.
