Zacks Investment Research Upgrades Noble Midstream Partners (NBLX) to Hold

Sergio Conner
April 21, 2018

Beach Investment Management LLC. acquired a new position in shares of EQT Midstream Partners in the fourth quarter worth $879,000. Botty Invsts invested in 11,261 shares or 0.26% of the stock. The stock of EQT Midstream Partners, LP (NYSE:EQM) has "Hold" rating given on Monday, January 22 by Citigroup.

Shares of EQM traded down $0.43 during mid-day trading on Friday, hitting $60.00. About 2.17 million shares traded. Summit Midstream Partners, LP (SMLP) has declined 38.73% since April 21, 2017 and is downtrending. SMLP underperformed the S&P500 by 50.28%.

Quantum Capital Management Llc Nj holds 2.44% of its portfolio in CIRCOR International, Inc. for 168,229 shares. Green Square Capital LLC now owns 227,484 shares of the pipeline company's stock worth $16,092,000 after buying an additional 2,651 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of EQT Midstream Partners by 49.6% during the 2nd quarter. Magellan Midstream Partners now has $14.88 billion valuation. The stock decreased 0.04% or $0.07 during the last trading session, reaching $177.01. Over the same period, shares have dipped to a low of 30.32. It is down 0.00% since April 21, 2017 and is. It has outperformed by 34.71% the S&P500. Regions owns 0% invested in Summit Midstream Partners, LP (NYSE:SMLP) for 1,000 shs. The pipeline company reported $1.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.55 by ($0.27). If reported the P/E will be 10.46 with $116.04 million profit.

Analysts predict 13.33 % diference or $0.39 from the $0.45 EPS from 2017. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.13 and a current ratio of 1.13. The ratio is positive due to Summit Midstream Partners, LP positioning: 8 sold and 17 reduced. 93 funds opened positions while 121 raised stakes. Summit Equities invested in 0.16% or 12,763 shares. Canada Pension Plan Investment Board holds 0.02% or 546,300 shares in its portfolio. Moreover, Mendel Money Mngmt has 3.15% invested in EQT Midstream Partners, LP (NYSE:EQM) for 44,850 shs. Comerica Bankshares, Michigan-based fund reported 15,517 shares.

Since February 12, 2018, it had 0 insider buys, and 1 insider sale for $1.51 million activity.

CNX Midstream Partners LP (NYSE:CNXM) is anticipated to report earnings on May, 3., according to Zacks.

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Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. Analysts may be more active around earnings report periods. Rafferty Asset Mgmt Ltd Limited Liability Company stated it has 3,779 shares.

Investors may be studying recent technical signals on shares of Spirit Airlines Inc (SAVE). Out of 2 Wall Street analysts rating Summit Midstream Partners, 1 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold".

News stories about EQT Midstream Partners (NYSE:EQM) have been trending somewhat positive this week, according to Accern Sentiment. On Thursday, January 4 the stock rating was upgraded by U.S. Capital Advisors to "Buy". The company was maintained on Monday, April 9 by Seaport Global. In Tuesday, January 16 report RBC Capital Markets maintained it with "Buy" rating and $29.0 target. The rating was maintained by Robert W. Baird with "Buy" on Thursday, December 14. RBC Capital Markets has "Hold" rating and $74.0 target. ValuEngine downgraded shares of EQT Midstream Partners from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. The company was maintained on Thursday, February 15 by Stifel Nicolaus. Focusing on another technical indicator, the stock now has a 9 day raw stochastic value of 63.64%. The firm has "Neutral" rating given on Wednesday, March 21 by Bank of America.

Vonage Holdings Corp (VG) investors sentiment increased to 1.4 in 2017 Q4. Its down 0.14, from 0.9 in 2017Q3. It dived, as 51 investors sold HD shares while 662 reduced holdings. Finally, Neuberger Berman Group LLC raised its position in shares of Summit Midstream by 326.0% in the third quarter. 134.60 million shares or 0.07% more from 134.51 million shares in 2017Q3 were reported. 5,320 are owned by Gideon Capital Advisors. Umb Financial Bank N A Mo reported 211,796 shares stake. Koch Incorporated holds 12,616 shares. Jacobs Ca holds 1.69% of its portfolio in The Home Depot, Inc. Sg Americas Secs Limited Liability Corp reported 0.02% stake. WARGO J DAVID had bought 100,000 shares worth $1.86 million. Sather Gru reported 8,095 shares. Garde Inc has 1,866 shares. Wells Fargo Mn accumulated 63,285 shs or 0% of the stock.

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