CNX Midstream Partners (NYSE: CNXM) and Antero Midstream Partners (NYSE:AM) are both oils/energy companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, institutional ownership, valuation, profitability, analyst recommendations, earnings and risk.
This is a summary of recent ratings and recommmendations for CNX Midstream Partners and Antero Midstream Partners, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|CNX Midstream Partners||0||4||5||0||2.56|
|Antero Midstream Partners||0||0||12||0||3.00|
Institutional and Insider Ownership
20.4% of CNX Midstream Partners shares are owned by institutional investors. Comparatively, 50.7% of Antero Midstream Partners shares are owned by institutional investors. 7.9% of Antero Midstream Partners shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Earnings and Valuation
This table compares CNX Midstream Partners and Antero Midstream Partners’ top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|CNX Midstream Partners||$233.85 million||4.88||$114.99 million||$1.72||10.43|
|Antero Midstream Partners||$772.50 million||6.30||$307.31 million||$1.28||20.35|
Antero Midstream Partners has higher revenue and earnings than CNX Midstream Partners. CNX Midstream Partners is trading at a lower price-to-earnings ratio than Antero Midstream Partners, indicating that it is currently the more affordable of the two stocks.
Risk and Volatility
CNX Midstream Partners has a beta of 1.83, meaning that its stock price is 83% more volatile than the S&P 500. Comparatively, Antero Midstream Partners has a beta of 1.74, meaning that its stock price is 74% more volatile than the S&P 500.
CNX Midstream Partners pays an annual dividend of $1.25 per share and has a dividend yield of 7.0%. Antero Midstream Partners pays an annual dividend of $1.46 per share and has a dividend yield of 5.6%. CNX Midstream Partners pays out 72.7% of its earnings in the form of a dividend. Antero Midstream Partners pays out 114.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Antero Midstream Partners has increased its dividend for 2 consecutive years. CNX Midstream Partners is clearly the better dividend stock, given its higher yield and lower payout ratio.
This table compares CNX Midstream Partners and Antero Midstream Partners’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|CNX Midstream Partners||48.53%||15.38%||12.36%|
|Antero Midstream Partners||32.74%||18.34%||9.83%|
Antero Midstream Partners beats CNX Midstream Partners on 11 of the 17 factors compared between the two stocks.
About CNX Midstream Partners
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. Its assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities. It operates through three segments: Anchor Systems, Growth Systems and Additional Systems. Its Anchor Systems include developed midstream systems, including its three midstream systems (the McQuay System, the Majorsville System and the Mamont System) and related assets. Its Growth Systems are located in the dry gas regions of its dedicated acreage.
About Antero Midstream Partners
Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio. Its water handling and treatment segment includes two independent fresh water distribution systems from sources including the Ohio River, local reservoirs, as well as several regional waterways. The water handling and treatment segment also includes other fluid handling services which includes, high rate transfer, wastewater transportation, disposal and treatment.
Receive News & Ratings for CNX Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNX Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.