Media headlines about CNX Midstream Partners (NYSE:CNXM) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CNX Midstream Partners earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 46.5603086808821 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
A number of equities research analysts recently weighed in on CNXM shares. Zacks Investment Research lowered shares of CNX Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Royal Bank of Canada reiterated a “hold” rating and set a $22.00 price objective on shares of CNX Midstream Partners in a report on Monday, October 30th. BidaskClub upgraded shares of CNX Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Morgan Stanley decreased their price objective on shares of CNX Midstream Partners from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Friday, November 17th. Finally, ValuEngine upgraded shares of CNX Midstream Partners from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $22.43.
Shares of CNX Midstream Partners (NYSE CNXM) opened at $20.17 on Monday. CNX Midstream Partners has a twelve month low of $15.25 and a twelve month high of $24.97. The firm has a market cap of $694.38, a PE ratio of 11.73, a P/E/G ratio of 1.02 and a beta of 1.83. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21.
CNX Midstream Partners (NYSE:CNXM) last posted its quarterly earnings results on Tuesday, January 30th. The pipeline company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). CNX Midstream Partners had a net margin of 48.53% and a return on equity of 15.47%. The business had revenue of $61.70 million during the quarter, compared to the consensus estimate of $61.48 million. During the same quarter in the prior year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. equities analysts forecast that CNX Midstream Partners will post 1.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be issued a $0.3133 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.25 annualized dividend and a dividend yield of 6.21%. This is a positive change from CNX Midstream Partners’s previous quarterly dividend of $0.30. CNX Midstream Partners’s payout ratio is currently 72.67%.
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CNX Midstream Partners Company Profile
CNX Midstream Partners LP, formerly CONE Midstream Partners LP, is a master limited partnership formed by CONSOL Energy Inc (CONSOL) and Noble Energy, Inc (Noble Energy). The Company owns, operates, develops and acquires natural gas gathering and other midstream energy assets to service CONSOL’s and Noble Energy’s production in the Marcellus Shale in Pennsylvania and West Virginia.
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