Equities analysts predict that Noble Midstream Partners LP (NYSE:NBLX) will announce earnings per share (EPS) of $1.09 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Noble Midstream Partners’ earnings, with estimates ranging from $0.88 to $1.35. Noble Midstream Partners also reported earnings of $1.09 per share in the same quarter last year. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 7th.
On average, analysts expect that Noble Midstream Partners will report full year earnings of $4.02 per share for the current financial year, with EPS estimates ranging from $3.58 to $4.54. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.75 per share, with EPS estimates ranging from $3.94 to $6.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Noble Midstream Partners.
Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings data on Friday, August 2nd. The energy company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.10). Noble Midstream Partners had a return on equity of 12.28% and a net margin of 28.24%. The business had revenue of $158.26 million during the quarter, compared to the consensus estimate of $136.40 million.
NYSE NBLX traded up $0.10 during trading hours on Friday, hitting $24.36. The company’s stock had a trading volume of 171,429 shares, compared to its average volume of 227,281. Noble Midstream Partners has a 12 month low of $24.03 and a 12 month high of $48.15. The company’s 50 day simple moving average is $30.80 and its two-hundred day simple moving average is $33.34. The company has a market cap of $971.89 million, a P/E ratio of 6.15, a price-to-earnings-growth ratio of 0.41 and a beta of 1.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.75 and a quick ratio of 0.75.
The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Monday, August 5th were given a dividend of $0.6418 per share. This represents a $2.57 annualized dividend and a dividend yield of 10.54%. The ex-dividend date of this dividend was Friday, August 2nd. Noble Midstream Partners’s dividend payout ratio is currently 64.90%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. increased its position in shares of Noble Midstream Partners by 2.5% during the 1st quarter. First Republic Investment Management Inc. now owns 19,310 shares of the energy company’s stock valued at $695,000 after purchasing an additional 474 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Noble Midstream Partners by 3.2% during the 2nd quarter. Van ECK Associates Corp now owns 20,747 shares of the energy company’s stock valued at $690,000 after purchasing an additional 653 shares during the last quarter. Northern Oak Wealth Management Inc. bought a new position in Noble Midstream Partners in the 2nd quarter valued at $26,000. Icon Wealth Partners LLC bought a new position in Noble Midstream Partners in the 1st quarter valued at $36,000. Finally, Signaturefd LLC grew its position in Noble Midstream Partners by 80.6% in the 2nd quarter. Signaturefd LLC now owns 2,800 shares of the energy company’s stock valued at $93,000 after acquiring an additional 1,250 shares during the last quarter. 54.96% of the stock is currently owned by hedge funds and other institutional investors.
About Noble Midstream Partners
Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. It operates through three segments: Gathering Systems, Fresh Water Delivery, and Investments and Other. The company provides crude oil, natural gas, and water-related midstream services.
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