Morgan Stanley reiterated their equal weight rating on shares of CNX Midstream Partners (NYSE:CNXM) in a research report report published on Friday morning. Morgan Stanley currently has a $23.00 price target on the pipeline company’s stock, up from their prior price target of $21.00.
Other equities analysts have also issued reports about the company. Stifel Nicolaus restated a buy rating and set a $22.00 target price on shares of CNX Midstream Partners in a report on Wednesday, January 17th. ValuEngine lowered CNX Midstream Partners from a buy rating to a hold rating in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. upgraded CNX Midstream Partners from a neutral rating to an overweight rating in a report on Friday, January 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. CNX Midstream Partners currently has an average rating of Buy and an average price target of $22.71.
CNX Midstream Partners (NYSE:CNXM) opened at $18.32 on Friday. CNX Midstream Partners has a 1-year low of $15.25 and a 1-year high of $23.98. 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 firm has a market capitalization of $1,170.00, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.05 and a beta of 1.88.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were paid a $0.3133 dividend. The ex-dividend date was Friday, February 2nd. This is a positive change from CNX Midstream Partners’s previous quarterly dividend of $0.30. This represents a $1.25 dividend on an annualized basis and a dividend yield of 6.84%. CNX Midstream Partners’s payout ratio is presently 72.67%.
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About CNX Midstream Partners
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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