CNX Midstream Partners LP (CNXM) Receives Consensus Rating of “Buy” from Brokerages

CNX Midstream Partners LP (NYSE:CNXM) has received an average rating of “Buy” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $22.43.

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada restated a “hold” rating and set a $22.00 price objective on shares of CNX Midstream Partners in a research report on Monday, October 30th. Stifel Nicolaus restated a “buy” rating and set a $22.00 price objective on shares of CNX Midstream Partners in a research report on Wednesday, January 17th. Zacks Investment Research upgraded CNX Midstream Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine upgraded CNX Midstream Partners from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Finally, Morgan Stanley lowered their price objective on 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.

Shares of CNX Midstream Partners (CNXM) opened at $19.10 on Tuesday. CNX Midstream Partners has a 12 month low of $15.25 and a 12 month high of $24.50. The company has a market capitalization of $1,727.95, a PE ratio of 11.10, a PEG ratio of 1.04 and a beta of 1.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03.

CNX Midstream Partners (NYSE:CNXM) last announced its quarterly 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). CNX Midstream Partners had a net margin of 48.53% and a return on equity of 15.38%. The firm had revenue of $61.70 million for the quarter, compared to analyst estimates of $61.48 million. During the same period in the previous year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. sell-side analysts anticipate that CNX Midstream Partners will post 1.8 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be given a dividend of $0.3133 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 6.56%. This is an increase from CNX Midstream Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 2nd. 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.

Analyst Recommendations for CNX Midstream Partners (NYSE:CNXM)

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