CNX Midstream Partners (NYSE:CNXM)‘s stock had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research report issued on Wednesday. They currently have a $24.00 price target on the pipeline company’s stock, up from their prior price target of $23.00. JPMorgan Chase & Co.’s target price suggests a potential upside of 24.42% from the stock’s current price.
Several other research firms have also issued reports on CNXM. Morgan Stanley reissued an “equal weight” rating and set a $23.00 price objective (up previously from $21.00) on shares of CNX Midstream Partners in a research note on Friday, March 9th. ValuEngine raised CNX Midstream Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered CNX Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $22.00 price target on shares of CNX Midstream Partners in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $22.88.
CNX Midstream Partners (NYSE CNXM) traded up $0.36 during trading hours on Wednesday, reaching $19.29. The company had a trading volume of 55,616 shares, compared to its average volume of 172,305. The company has a market capitalization of $1,198.69, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 1.06 and a beta of 1.88. CNX Midstream Partners has a 12 month low of $15.25 and a 12 month high of $23.98. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.
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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.
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