Mizuho Securities Starts Noble Midstream Partners LP (NBLX) at Buy

October 10, 2016 6:14 AM EDT
Get Alerts NBLX Hot Sheet
Price: $33.61 --0%

Rating Summary:
    9 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 18 | New: 14
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Mizuho Securities initiates coverage on Noble Midstream Partners LP (NYSE: NBLX) with a Buy rating and a price target of $33.00.

Analyst Brian Zarahn commented, "NBLX is a crude oil, natural gas and water services pipeline MLP offering an attractive value proposition of a 5.4% yield and 20% growth, in our view. Combining strategically located transportation and storage assets in DJ and Permian Basins, integration with investment grade parent Noble Energy's drilling program, diverse, fee-based cash flows backed by long-term contracts, organic projects, relatively large dropdown inventory and solid balance sheet, NBLX is well-positioned to post high growth amid gradually improving oil fundamentals, in our opinion."

For an analyst ratings summary and ratings history on Noble Midstream Partners LP click here. For more ratings news on Noble Midstream Partners LP click here.

Shares of Noble Midstream Partners LP closed at $27.71 yesterday.



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