CNX Midstream Partners (NYSE:CNXM) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, March 15th.
A number of other equities research analysts have also weighed in on CNXM. Stifel Nicolaus reiterated a “buy” rating and set a $22.00 price objective on shares of CNX Midstream Partners in a report on Wednesday, January 17th. JPMorgan Chase restated an “overweight” rating and issued a $24.00 price target (up previously from $23.00) on shares of CNX Midstream Partners in a 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 note on Tuesday, March 13th. Barclays boosted their target price on shares of CNX Midstream Partners from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, March 15th. Finally, Robert W. Baird set a $24.00 price objective on shares of CNX Midstream Partners and gave the company a “buy” rating in a report on Wednesday, March 14th. One 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. CNX Midstream Partners currently has an average rating of “Hold” and a consensus target price of $23.63.
CNXM traded down $0.26 during trading on Thursday, hitting $17.80. The company’s stock had a trading volume of 81,917 shares, compared to its average volume of 153,013. The company has a market capitalization of $1,148.45, a PE ratio of 10.35, a PEG ratio of 0.75 and a beta of 1.77. CNX Midstream Partners has a one year low of $15.25 and a one year high of $23.26. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.
CNX Midstream Partners (NYSE:CNXM) last posted 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). CNX Midstream Partners had a net margin of 48.53% and a return on equity of 15.38%. The company had revenue of $61.70 million for the quarter, compared to analysts’ expectations of $61.48 million. During the same period in the previous year, the business posted $0.38 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. equities analysts forecast that CNX Midstream Partners will post 1.73 earnings per share for the current fiscal year.
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CNX Midstream Partners Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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