Today Morgan Stanley Reaffirms a Equal-Weight Rating on CNX Midstream Partners (CNXM) and a $24 Target Price

June 15, 2018 - By Linda Rogers

CNX Midstream Partners (CNXM) Rating Reaffirmed

They currently have a $24 PT on CNX Midstream Partners (CNXM). The target price by Morgan Stanley would suggest a potential upside of 20.36 % from the company’s last stock price. This has been revealed in a report on 15 June.

CNX Midstream Partners LP (NYSE:CNXM) Ratings Coverage

Among 5 analysts covering CNX Midstream Partners (CNXM), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. CNX Midstream Partners has $26 highest and $22 lowest target. $24.20’s average target is 21.36% above currents $19.94 stock price. CNX Midstream Partners had 7 analyst reports since January 17, 2018 according to SRatingsIntel. The company was maintained on Thursday, March 15 by Barclays Capital. The firm has “Buy” rating by Stifel Nicolaus given on Sunday, March 18. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, January 17. The stock of CNX Midstream Partners LP (NYSE:CNXM) earned “Outperform” rating by Robert W. Baird on Thursday, March 15. On Wednesday, March 14 the stock rating was maintained by JP Morgan with “Overweight”. Robert W. Baird maintained CNX Midstream Partners LP (NYSE:CNXM) rating on Tuesday, January 30. Robert W. Baird has “Buy” rating and $25.0 target. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, March 9.

The stock increased 4.67% or $0.89 during the last trading session, reaching $19.94. About 731,140 shares traded or 702.75% up from the average. CNX Midstream Partners LP (CNXM) has declined 10.74% since June 15, 2017 and is downtrending. It has underperformed by 23.31% the S&P500.

Analysts await CNX Midstream Partners LP (NYSE:CNXM) to report earnings on August, 6. They expect $0.42 EPS, down 4.55 % or $0.02 from last year’s $0.44 per share. CNXM’s profit will be $26.73M for 11.87 P/E if the $0.42 EPS becomes a reality. After $0.40 actual EPS reported by CNX Midstream Partners LP for the previous quarter, Wall Street now forecasts 5.00 % EPS growth.

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. The company has market cap of $1.27 billion. As of December 31, 2017, the firm operates 18 compression and dehydration facilities. It has a 11.6 P/E ratio. 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.

CNX Midstream Partners LP (NYSE:CNXM) Ratings Chart

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