CNX Midstream Partners (NYSE:CNXM) had its target price boosted by Barclays from $24.00 to $26.00 in a research report released on Thursday, March 15th. Barclays currently has an overweight rating on the pipeline company’s stock.
Several other research analysts have also weighed in on CNXM. Stifel Nicolaus reaffirmed a buy rating and set a $22.00 target price on shares of CNX Midstream Partners in a research note on Wednesday, January 17th. JPMorgan Chase reaffirmed an overweight rating and set a $24.00 target price (up previously from $23.00) on shares of CNX Midstream Partners in a research note on Wednesday, March 14th. Zacks Investment Research lowered shares of CNX Midstream Partners from a hold rating to a sell rating in a research note on Tuesday, March 13th. Robert W. Baird set a $24.00 target price on shares of CNX Midstream Partners and gave the stock a buy rating in a research note on Wednesday, March 14th. Finally, ValuEngine raised shares of CNX Midstream Partners from a hold rating to a buy rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $23.63.
CNX Midstream Partners stock traded down $0.26 during midday trading on Thursday, hitting $17.80. 81,917 shares of the stock were exchanged, compared to its average volume of 153,013. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1,131.92, a P/E ratio of 10.35, a PEG ratio of 0.73 and a beta of 1.77. CNX Midstream Partners has a fifty-two week low of $15.25 and a fifty-two week high of $23.26.
CNX Midstream Partners (NYSE:CNXM) last announced its earnings results on Tuesday, January 30th. The pipeline company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.01). The company had revenue of $61.70 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. analysts forecast 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.
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