Noble Midstream Partners LP (NASDAQ:NBLX) went up by 1.43% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Oil & Gas Midstream giant went up by $9.95 to trade ended Wednesday trading at $9.81. This is up from the $9.81 price recorded on Tuesday’s trading session. Thanks to this latest performance, NBLX is closer to the higher price 52-week target of $10.00 and further from the lowest price target of $5.00. Its performance from the start of the year has also been negative, with NBLX down by -62.54% year-to-date.
Noble Midstream Partners LP (NBLX) started the day trading at $10.09 and recorded an intraday high of $10.51. It also recorded an intraday low of $9.8201 during Wednesday’s trading session. Noble Midstream Partners LP is a very active stock that recorded a trading volume that is less than -40.45% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 761848, which is less than -40.45 of the total average daily trading volume of 1.07 million.
Noble Midstream Partners LP (NASDAQ:NBLX) 2020 Performance Impressive
The increase in NBLX’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of NBLX currently stands at $34.50, which is higher than the current trading price of the stock by 71.16%. However, NBLX’s current trading price is -449.72% lower than the 52-week low price of $1.81. In terms of trading volume, Noble Midstream Partners LP currently experienced healthy participation during the last trading session. 761848 shares of Noble Midstream Partners LP were traded on the stock exchange on Wednesday, which is less than -40.45% of the 1.07 million average trading volume of the stock.
The performance of the stock has been positive over the past year. NBLX’s performance over the past one year has seen it plunge by -68.40%, while the stock has gone down by -60.55% in the last six months. The quarterly performance of NBLX currently stands at 215.87%, and it is up by 35.01% in the last month. The only negative figure was from the weekly performance, which currently reads -10.44%. At the time of writing NBLX’s report, the company has a total market cap of $845.35M, making it one of the largest publicly-traded companies in the world.Noble Midstream Partners LP also has over 240 employees all over the world.
NBLX Insider Activities
For Noble Midstream Partners LP, insiders hold 32.00% of all company shares. The insider transactions over the past six months are up by 0.10%. During that period, insiders bought 56,863 shares in 13 transactions. In that same period, insiders sold 790 of their shares in 4 transactions. After these transactions, insiders at Noble Midstream Partners LP now hold 56.71M shares, which is over 37.55% of the total company stocks. Institutional investors currently hold a large chunk of the NBLX shares, as they control 62.76% of the company’s total stock.
NBLX Fundamental Analysis
For Noble Midstream Partners LP, the stock’s diluted earnings per share (EPS) stands at 2.40. In the coming year, analysts expect the EPS to be 2.18. The EPS growth will slow down over the next five years to -11.63% after surging by 54.20% in the previous five years. In terms of revenue, Noble Midstream Partners LP’s quarterly sales (YOY) is growing at 0.53, which is lower than the average annual revenue of 54.20% over the past half a decade.
The Return on Investment (ROI) on Noble Midstream Partners LP’s stock currently stands at 12.10%, and it has a net profit margin of 14.90%. The operating margin of the company is 24.60%, and its gross margin is 55.60%.
NBLX Analysts Prediction
In February 13, 2020, several analysts reiterated their positions on the Noble Midstream Partners LP stock and predicted its performance to their investors. The analysts at Robert W. Baird believe NBLX is still a Neutral and set the price target between $27 and $23. BofA/Merrill reiterate their Buy position on the stock ($42 and $35)
Analysts at JP Morgan believe that NBLX is Neutral, and they have a price target of between $48 and $41. BofA/Merrill and Seaport Global Securities also believe that Noble Midstream Partners LP’s stock is outperforming at the moment. NBLX received a positive rating from Robert W. Baird, which set a price target of $53-$39 for the stock.
At the moment, Noble Midstream Partners LP’s Total Debt to Equity ratio stands at 2.17, and they have a long-term Debt to Equity ratio of 2.17.
NBLX Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of NBLX currently stands at 2.76%, while the SMA50 is 39.10%. The biggest one is the SMA200, which is currently reading -42.40% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 57.58, while its price to earnings ratio (P/E) is 4.14.