CNX Midstream Partners LP (CNXM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of CNX Midstream Partners LP (NYSE:CNXM) have been given an average recommendation of “Hold” by the eleven brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $23.63.

A number of equities analysts have recently issued reports on the company. JPMorgan Chase raised CNX Midstream Partners from a “neutral” rating to an “overweight” rating in a report on Friday, January 12th. Morgan Stanley reissued an “equal weight” rating and issued a $23.00 target price (up from $21.00) on shares of CNX Midstream Partners in a report on Friday, March 9th. ValuEngine raised CNX Midstream Partners from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Barclays increased their target price on CNX Midstream Partners from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, March 15th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $22.00 target price on shares of CNX Midstream Partners in a report on Wednesday, January 17th.

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CNX Midstream Partners stock traded down $0.20 during trading hours on Wednesday, hitting $17.60. The stock had a trading volume of 5,674 shares, compared to its average volume of 163,682. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1,131.92, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 0.73 and a beta of 1.76. CNX Midstream Partners has a fifty-two week low of $15.25 and a fifty-two week high of $23.02.

CNX Midstream Partners (NYSE:CNXM) last posted its quarterly earnings results on Tuesday, January 30th. The pipeline company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). The firm had revenue of $61.70 million during the quarter, compared to analyst estimates of $61.48 million. CNX Midstream Partners had a net margin of 48.53% and a return on equity of 15.38%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. analysts expect that CNX Midstream Partners will post 1.73 earnings per share for the current fiscal 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.

Analyst Recommendations for CNX Midstream Partners (NYSE:CNXM)

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