CNX Midstream Partners (CNXM) Earning Somewhat Favorable Media Coverage, Analysis Shows

Media stories about CNX Midstream Partners (NYSE:CNXM) have been trending somewhat positive on Friday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CNX Midstream Partners earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the pipeline company an impact score of 46.0683861860552 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

A number of brokerages have recently commented on CNXM. Stifel Nicolaus reiterated a “buy” rating and issued a $22.00 target price on shares of CNX Midstream Partners in a report on Wednesday, January 17th. JPMorgan Chase upgraded CNX Midstream Partners from a “neutral” rating to an “overweight” rating in a report on Friday, January 12th. ValuEngine upgraded CNX Midstream Partners from a “hold” rating to a “buy” rating in a report on Thursday, March 15th. Robert W. Baird set a $24.00 target price on CNX Midstream Partners and gave the stock a “buy” rating in a report on Wednesday, March 14th. Finally, Zacks Investment Research cut CNX Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. One research 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’s stock. The company has an average rating of “Hold” and a consensus price target of $23.63.

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Shares of CNX Midstream Partners stock opened at $18.06 on Friday. The company has a market capitalization of $1,147.82, a PE ratio of 10.50, a P/E/G ratio of 0.75 and a beta of 1.77. 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 one year low of $15.25 and a one year high of $23.26.

CNX Midstream Partners (NYSE:CNXM) last announced its earnings results on Tuesday, January 30th. The pipeline company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.01). The company had revenue of $61.70 million during 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%. CNX Midstream Partners’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. research analysts forecast that CNX Midstream Partners will post 1.73 earnings per share for the current 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.

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