CNX Midstream Partners (NYSE: CNXM) is one of 169 public companies in the “OIL-EXP&PROD” industry, but how does it contrast to its competitors? We will compare CNX Midstream Partners to related businesses based on the strength of its profitability, institutional ownership, analyst recommendations, valuation, dividends, earnings and risk.
Volatility & Risk
CNX Midstream Partners has a beta of 1.88, meaning that its stock price is 88% more volatile than the S&P 500. Comparatively, CNX Midstream Partners’ competitors have a beta of 0.75, meaning that their average stock price is 25% less volatile than the S&P 500.
This table compares CNX Midstream Partners and its competitors top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|CNX Midstream Partners||$233.85 million||$114.99 million||10.94|
|CNX Midstream Partners Competitors||$1.29 billion||$88.03 million||5.74|
CNX Midstream Partners’ competitors have higher revenue, but lower earnings than CNX Midstream Partners. CNX Midstream Partners is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
CNX Midstream Partners pays an annual dividend of $1.25 per share and has a dividend yield of 6.6%. CNX Midstream Partners pays out 72.7% of its earnings in the form of a dividend. As a group, “OIL-EXP&PROD” companies pay a dividend yield of 3.5% and pay out 11.3% of their earnings in the form of a dividend.
This table compares CNX Midstream Partners and its competitors’ 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%|
|CNX Midstream Partners Competitors||-42.99%||191.60%||88.23%|
Insider and Institutional Ownership
19.8% of CNX Midstream Partners shares are owned by institutional investors. Comparatively, 61.7% of shares of all “OIL-EXP&PROD” companies are owned by institutional investors. 12.6% of shares of all “OIL-EXP&PROD” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
This is a summary of recent ratings and target prices for CNX Midstream Partners and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|CNX Midstream Partners||0||4||5||0||2.56|
|CNX Midstream Partners Competitors||1291||6097||9531||266||2.51|
CNX Midstream Partners presently has a consensus target price of $23.63, suggesting a potential upside of 25.60%. As a group, “OIL-EXP&PROD” companies have a potential upside of 29.33%. Given CNX Midstream Partners’ competitors higher possible upside, analysts clearly believe CNX Midstream Partners has less favorable growth aspects than its competitors.
CNX Midstream Partners competitors beat CNX Midstream Partners on 8 of the 15 factors compared.
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. 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.
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