CNX Midstream Partners (CNXM) Getting Somewhat Positive Press Coverage, Report Shows

Headlines about CNX Midstream Partners (NYSE:CNXM) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CNX Midstream Partners earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 46.1793667459569 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

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CNX Midstream Partners stock opened at $17.76 on Monday. 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 has a 52 week low of $15.25 and a 52 week high of $22.91. The firm has a market cap of $1,129.38, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.73 and a beta of 1.76.

CNX Midstream Partners (NYSE:CNXM) last posted its quarterly earnings results on Tuesday, January 30th. The pipeline company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $61.70 million for 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%. CNX Midstream Partners’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $0.38 EPS. research analysts forecast that CNX Midstream Partners will post 1.73 EPS for the current year.

Several equities analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $22.00 price objective on shares of CNX Midstream Partners in a report on Wednesday, January 17th. JPMorgan Chase raised CNX Midstream Partners from a “neutral” rating to an “overweight” rating in a report on Friday, January 12th. ValuEngine raised CNX Midstream Partners from a “hold” rating to a “buy” rating in a report on Thursday, March 15th. Robert W. Baird set a $24.00 price target on CNX Midstream Partners and gave the stock a “buy” rating in a report on Wednesday, March 14th. Finally, Zacks Investment Research cut CNX Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.63.

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CNX Midstream Partners Company Profile

CNX Midstream Partners LP owns, operates, develops, and acquires natural gas gathering and other midstream energy assets in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. As of December 31, 2017, the company operates 18 compression and dehydration facilities. It also operates condensate handling facilities with handling capacities of 2,500 Bbl/d each in Majorsville, Pennsylvania, as well as Moundsville, West Virginia that provide condensate gathering, collection, separation, and stabilization services.

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