CNX Midstream Partners (NYSE:CNXM) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Friday.
CNXM has been the topic of a number of other research reports. BidaskClub lowered shares of CNX Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Morgan Stanley cut their target price on shares of CNX Midstream Partners from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of CNX Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. ValuEngine upgraded shares of CNX Midstream Partners from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Finally, Robert W. Baird restated a “buy” rating and set a $24.00 target price on shares of CNX Midstream Partners in a research report on Thursday, September 21st. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $22.86.
Shares of CNX Midstream Partners (CNXM) traded up $0.31 during trading hours on Friday, reaching $19.91. 117,900 shares of the company’s stock were exchanged, compared to its average volume of 184,350. CNX Midstream Partners has a 12-month low of $15.25 and a 12-month high of $25.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21. The company has a market cap of $1,270.00, a price-to-earnings ratio of 11.71, a P/E/G ratio of 0.85 and a beta of 1.64.
About CNX Midstream Partners
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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