CNX Midstream Partners (NYSE:CNXM) PT Set at $24.00 by Robert W. Baird

CNX Midstream Partners (NYSE:CNXM) has been assigned a $24.00 target price by stock analysts at Robert W. Baird in a research report issued on Wednesday, March 14th. The firm currently has a “buy” rating on the pipeline company’s stock. Robert W. Baird’s price target would suggest a potential upside of 34.83% from the stock’s previous close.

CNXM has been the topic of a number of other research reports. Stifel Nicolaus reissued a “buy” rating and set a $22.00 target price on shares of CNX Midstream Partners in a report on Wednesday, January 17th. JPMorgan Chase restated an “overweight” rating and set a $24.00 price target (up from $23.00) on shares of CNX Midstream Partners in a research report on Wednesday, March 14th. Zacks Investment Research lowered shares of CNX Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. ValuEngine upgraded shares of CNX Midstream Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $23.00 target price (up from $21.00) on shares of CNX Midstream Partners in a research report on Friday, March 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. CNX Midstream Partners has an average rating of “Hold” and an average target price of $23.63.

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Shares of CNX Midstream Partners stock traded down $0.26 during mid-day trading on Wednesday, hitting $17.80. 81,917 shares of the stock were exchanged, compared to its average volume of 153,013. CNX Midstream Partners has a 12 month low of $15.25 and a 12 month high of $23.26. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1,148.45, a P/E ratio of 10.35, a P/E/G ratio of 0.75 and a beta of 1.77.

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 analysts’ consensus estimates of $0.41 by ($0.01). The company had revenue of $61.70 million during the quarter, compared to the consensus estimate of $61.48 million. CNX Midstream Partners had a return on equity of 15.38% and a net margin of 48.53%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. equities analysts anticipate that CNX Midstream Partners will post 1.73 EPS for the current year.

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About CNX Midstream Partners

CNX Midstream Partners LP owns, operates, develops, and acquires natural gas gathering and other midstream energy assets in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. As of December 31, 2017, the company operates 18 compression and dehydration facilities. It also operates condensate handling facilities with handling capacities of 2,500 Bbl/d each in Majorsville, Pennsylvania, as well as Moundsville, West Virginia that provide condensate gathering, collection, separation, and stabilization services.

Analyst Recommendations for CNX Midstream Partners (NYSE:CNXM)

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