ValuEngine downgraded shares of CNX Midstream Partners (NYSE:CNXM) from a buy rating to a hold rating in a report published on Tuesday morning.
Other research analysts also recently issued research reports about the stock. Stifel Nicolaus reissued a buy rating and issued a $22.00 price objective on shares of CNX Midstream Partners in a research report on Wednesday, January 17th. 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 research report on Friday, November 17th. Zacks Investment Research raised shares of CNX Midstream Partners from a sell rating to a hold rating in a research report on Wednesday, November 8th. BidaskClub raised shares of CNX Midstream Partners from a sell rating to a hold rating in a research report on Friday, November 3rd. Finally, Royal Bank of Canada reissued a hold rating and issued a $22.00 price objective on shares of CNX Midstream Partners in a research report on Monday, October 30th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $22.43.
Shares of CNX Midstream Partners (CNXM) opened at $17.85 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. CNX Midstream Partners has a 52 week low of $15.25 and a 52 week high of $24.20. The stock has a market cap of $1,159.90, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 1.02 and a beta of 1.83.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were given a $0.3133 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date was Friday, February 2nd. This is an increase from CNX Midstream Partners’s previous quarterly dividend of $0.30. CNX Midstream Partners’s dividend payout ratio (DPR) is 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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