CNX Midstream Partners (CNXM) Earning Somewhat Positive Media Coverage, Report Shows

News headlines about CNX Midstream Partners (NYSE:CNXM) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CNX Midstream Partners earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 46.8946345597992 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of CNX Midstream Partners (CNXM) opened at $18.24 on Friday. The company has a market capitalization of $1,159.90, a PE ratio of 10.60, a PEG ratio of 1.02 and a beta of 1.83. CNX Midstream Partners has a one year low of $15.25 and a one year high of $24.20. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

CNX Midstream Partners (NYSE:CNXM) last released its quarterly earnings results on Tuesday, January 30th. The pipeline company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $61.70 million during the quarter, compared to analyst estimates of $61.48 million. CNX Midstream Partners had a return on equity of 15.38% and a net margin of 48.53%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. research analysts expect that CNX Midstream Partners will post 1.79 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were issued a $0.3133 dividend. This is a boost from CNX Midstream Partners’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 2nd. This represents a $1.25 dividend on an annualized basis and a yield of 6.87%. CNX Midstream Partners’s dividend payout ratio is presently 72.67%.

CNXM has been the topic of a number of recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $22.00 target price on shares of CNX Midstream Partners in a research note on Wednesday, January 17th. ValuEngine upgraded CNX Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th. Morgan Stanley lowered their target price on CNX Midstream Partners from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Friday, November 17th. Zacks Investment Research upgraded CNX Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, BidaskClub upgraded CNX Midstream Partners from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.43.

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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.

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