Breaking: What Will Happen to Noble Midstream Partners LP Next? The Stock Just Reaches 52-Week High

Breaking: What Will Happen to Noble Midstream Partners LP Next? The Stock Just Reaches 52 Week High

The stock of Noble Midstream Partners LP (NYSE:NBLX) hit a new 52-week high and has $53.47 target or 67.00% above today’s $32.02 share price. The 9 months bullish chart indicates low risk for the $1.02 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $53.47 price target is reached, the company will be worth $683.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 90,688 shares traded hands. Noble Midstream Partners LP (NYSE:NBLX) has risen 6.00% since October 22, 2016 and is uptrending. It has outperformed by 2.14% the S&P500.

Noble Midstream Partners LP (NYSE:NBLX) Ratings Coverage

Out of 2 analysts covering Noble Midstream Partners (NYSE:NBLX), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Noble Midstream Partners has been the topic of 2 analyst reports since October 11, 2016 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Monday, October 31 by Wells Fargo. On Tuesday, October 11 the stock rating was initiated by Howard Weil with “Sector Outperform”.

According to Zacks Investment Research, “Noble Midstream Partners LP is engaged in crude oil and natural gas exploration and production. Its operating area includes onshore which consists of US DJ Basin, Marcellus Shale, Eagle Ford Shale and Permian Basin as well as offshore in deepwater Gulf of Mexico, Eastern Mediterranean and West Africa. Noble Midstream Partners LP is based in Houston, United States.”

More recent Noble Midstream Partners LP (NYSE:NBLX) news were published by: Marketwatch.com which released: “Noble Midstream Partners LP” on October 27, 2015. Also Seekingalpha.com published the news titled: “IPO Preview: Noble Midstream Partners LP” on September 13, 2016. Bloomberg.com‘s news article titled: “Noble Midstream Jumps in Trading Debut of Year’s First Oil IPO” with publication date: September 14, 2016 was also an interesting one.

NBLX Company Profile

Noble Midstream Partners LP owns, operates, develop, and acquires a range of domestic midstream infrastructure assets. The Firm provides crude oil, natural gas, and water-related midstream services for Noble Energy, Inc. (Noble) through long-term, fixed-fee contracts. The Company’s operating assets are focused on the Denver-Julesburg Basin (DJ Basin) in Colorado. The Firm has multiple fee commercial agreements with Noble, each with an initial term of approximately 15 years, utilizing its infrastructure assets to provide services to Noble’s upstream activities in the DJ Basin. The Company’s activities are located in the United States, and operate through divisions, including Gathering Systems, Water Delivery, Investments in Midstream Entities, and Partnership and Other.

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