CNX Midstream Partners (CNXM) Lifted to Buy at ValuEngine
ValuEngine upgraded shares of CNX Midstream Partners (NYSE:CNXM) from a hold rating to a buy rating in a research note released on Wednesday morning.
Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised shares of CNX Midstream Partners from a neutral rating to an overweight rating in a report on Friday, January 12th. Morgan Stanley decreased their price objective on shares of CNX Midstream Partners from $23.00 to $21.00 and set an equal weight rating for the company in a report on Friday, November 17th. Zacks Investment Research raised shares of CNX Midstream Partners from a sell rating to a hold rating in a report on Wednesday, November 8th. Finally, Stifel Nicolaus reissued a buy rating and set a $22.00 price objective on shares of CNX Midstream Partners in a report on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $22.71.
Shares of CNX Midstream Partners (NYSE CNXM) opened at $18.59 on Wednesday. The firm has a market cap of $1,182.16, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.04 and a beta of 1.88. CNX Midstream Partners has a fifty-two week low of $15.25 and a fifty-two week high of $23.98. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were given a $0.3133 dividend. This is an increase from CNX Midstream Partners’s previous quarterly dividend of $0.30. This represents a $1.25 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend was Friday, February 2nd. CNX Midstream Partners’s dividend payout ratio (DPR) 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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