Media coverage about CNX Midstream Partners (NYSE:CNXM) has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CNX Midstream Partners earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 46.5289669952711 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern’s analysis:
Several analysts recently commented on CNXM shares. ValuEngine upgraded CNX Midstream Partners from a “hold” rating to a “buy” rating in a report on Wednesday. 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. Morgan Stanley reduced their target price on CNX Midstream Partners from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Friday, November 17th. Zacks Investment Research upgraded CNX Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, JPMorgan Chase & Co. upgraded CNX Midstream Partners from a “neutral” rating to an “overweight” rating in a report on Friday, January 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $22.43.
CNX Midstream Partners (NYSE:CNXM) opened at $18.59 on Wednesday. The stock has a market capitalization of $1,176.43, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 1.03 and a beta of 1.88. CNX Midstream Partners has a twelve month low of $15.25 and a twelve month high of $24.20. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.
CNX Midstream Partners (NYSE:CNXM) last posted its quarterly earnings results on Tuesday, January 30th. The pipeline company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $61.70 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. sell-side analysts anticipate that CNX Midstream Partners will post 1.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th were issued a dividend of $0.3133 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 6.74%. This is a boost from CNX Midstream Partners’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 2nd. CNX Midstream Partners’s dividend payout ratio is presently 72.67%.
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.