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NYSE:CNXM

CNX Midstream Partners Stock Forecast, Price & News

$10.00
+0.27 (+2.77 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$9.69
Now: $10.00
$10.22
50-Day Range
$8.56
MA: $9.60
$10.51
52-Week Range
$5.20
Now: $10.00
$16.94
Volume1.79 million shs
Average Volume927,361 shs
Market Capitalization$897.99 million
P/E Ratio4.59
Dividend Yield20.55%
Beta1.12
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 operates through two segments, Anchor Systems and Additional Systems. As of December 31, 2018, the company operated 14 compression and dehydration facilities. It also operates condensate handling facilities with handling capacities of 2,500 barrels per day in Majorsville, Pennsylvania, as well as Shirley, West Virginia that provide condensate gathering, collection, separation, and stabilization services. CNX Midstream GP LLC serves as a general partner of the company. The company was formerly known as CONE Midstream Partners LP and changed its name to CNX Midstream Partners LP in January 2018. CNX Midstream Partners LP was founded in 2014 and is based in Canonsburg, Pennsylvania.
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CNX Midstream Partners logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.53 out of 5 stars


Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryN/A
CUSIPN/A
Phone724-485-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$305.80 million
Cash Flow$2.99 per share
Book Value$7.16 per share

Profitability

Net Income$174.31 million

Miscellaneous

EmployeesN/A
Market Cap$897.99 million
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$10.00
+0.27 (+2.77 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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CNX Midstream Partners (NYSE:CNXM) Frequently Asked Questions

How has CNX Midstream Partners' stock been impacted by COVID-19?

CNX Midstream Partners' stock was trading at $10.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CNXM stock has increased by 0.0% and is now trading at $10.00.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of CNX Midstream Partners?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CNX Midstream Partners in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for CNX Midstream Partners
.

When is CNX Midstream Partners' next earnings date?

CNX Midstream Partners is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for CNX Midstream Partners
.

How were CNX Midstream Partners' earnings last quarter?

CNX Midstream Partners LP (NYSE:CNXM) announced its quarterly earnings results on Thursday, July, 30th. The pipeline company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The pipeline company had revenue of $66.04 million for the quarter. CNX Midstream Partners had a net margin of 56.42% and a return on equity of 43.05%.
View CNX Midstream Partners' earnings history
.

How often does CNX Midstream Partners pay dividends? What is the dividend yield for CNX Midstream Partners?

CNX Midstream Partners announced a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, August 7th will be paid a dividend of $0.50 per share on Friday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 20.00%. The ex-dividend date is Thursday, August 6th. This is an increase from CNX Midstream Partners's previous quarterly dividend of $0.08.
View CNX Midstream Partners' dividend history
.

What price target have analysts set for CNXM?

5 brokers have issued twelve-month price targets for CNX Midstream Partners' shares. Their forecasts range from $8.00 to $17.00. On average, they anticipate CNX Midstream Partners' share price to reach $12.00 in the next year. This suggests a possible upside of 20.0% from the stock's current price.
View analysts' price targets for CNX Midstream Partners
.

Are investors shorting CNX Midstream Partners?

CNX Midstream Partners saw a increase in short interest in August. As of August 31st, there was short interest totaling 1,300,000 shares, an increase of 33.0% from the August 15th total of 977,200 shares. Based on an average trading volume of 776,200 shares, the short-interest ratio is currently 1.7 days. Currently, 3.2% of the company's shares are short sold.
View CNX Midstream Partners' Short Interest
.

Who are some of CNX Midstream Partners' key competitors?

What other stocks do shareholders of CNX Midstream Partners own?

Who are CNX Midstream Partners' key executives?

CNX Midstream Partners' management team includes the following people:
  • Mr. Nicholas J. DeIuliis, Chairman & CEO of CNX Midstream GP LLC (Age 50)
  • Mr. Chad A. Griffith, Pres of CNX Midstream GP LLC (Age 41)
  • Mr. Donald W. Rush, CFO & Director of CNX Midstream GP LLC (Age 36)
  • Mr. Timothy C. Dugan, COO & Director of CNX Midstream GP LLC (Age 57)
  • Mr. Brian R. Rich, Chief Accounting Officer of CNX Midstream GP LLC (Age 42)

What is CNX Midstream Partners' stock symbol?

CNX Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNXM."

Who are CNX Midstream Partners' major shareholders?

CNX Midstream Partners' stock is owned by many different retail and institutional investors. Top institutional investors include Alps Advisors Inc. (5.66%), Goldman Sachs Group Inc. (2.29%), HITE Hedge Asset Management LLC (1.33%), Blackstone Group Inc (0.85%), First Trust Advisors LP (0.81%) and UBS Group AG (0.67%). Company insiders that own CNX Midstream Partners stock include Angela A Minas, N J Deiuliis and Nbl Midstream, Llc.
View institutional ownership trends for CNX Midstream Partners
.

Which major investors are selling CNX Midstream Partners stock?

CNXM stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Spirit of America Management Corp NY, Alps Advisors Inc., Walnut Private Equity Partners LLC, Barnett & Company Inc., Jane Street Group LLC, and Naples Global Advisors LLC.
View insider buying and selling activity for CNX Midstream Partners
.

Which major investors are buying CNX Midstream Partners stock?

CNXM stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., HITE Hedge Asset Management LLC, Blackstone Group Inc, First Trust Advisors LP, CIBC Private Wealth Group LLC, Brookfield Asset Management Inc., California Public Employees Retirement System, and Virtu Financial LLC.
View insider buying and selling activity for CNX Midstream Partners
.

How do I buy shares of CNX Midstream Partners?

Shares of CNXM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is CNX Midstream Partners' stock price today?

One share of CNXM stock can currently be purchased for approximately $10.00.

How big of a company is CNX Midstream Partners?

CNX Midstream Partners has a market capitalization of $897.99 million and generates $305.80 million in revenue each year. The pipeline company earns $174.31 million in net income (profit) each year or $2.44 on an earnings per share basis.

What is CNX Midstream Partners' official website?

The official website for CNX Midstream Partners is www.cnxmidstream.com.

How can I contact CNX Midstream Partners?

CNX Midstream Partners' mailing address is 1000 CONSOL Energy Drive, CANONSBURG PA, 15317. The pipeline company can be reached via phone at 724-485-4000 or via email at [email protected]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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