Noble Midstream Partners (NYSE:NBLX) issued its earnings results on Thursday. The energy company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.04), Fidelity Earnings reports. The firm had revenue of $169.32 million for the quarter, compared to analyst estimates of $170.05 million. Noble Midstream Partners had a return on equity of 12.28% and a net margin of 28.24%.
NBLX stock traded down $0.21 during midday trading on Friday, reaching $22.68. 306,854 shares of the company were exchanged, compared to its average volume of 244,683. 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 has a 50-day moving average price of $24.38 and a two-hundred day moving average price of $28.83. Noble Midstream Partners has a one year low of $22.16 and a one year high of $40.30. The firm has a market capitalization of $905.55 million, a price-to-earnings ratio of 5.73, a price-to-earnings-growth ratio of 0.49 and a beta of 1.42.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 11th. Shareholders of record on Monday, November 4th will be given a dividend of $0.6716 per share. This represents a $2.69 dividend on an annualized basis and a yield of 11.84%. This is a boost from Noble Midstream Partners’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Friday, November 1st. Noble Midstream Partners’s payout ratio is 67.93%.
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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