Equities research analysts expect CNX Midstream Partners LP (NYSE:CNXM) to report earnings of $0.39 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for CNX Midstream Partners’ earnings, with estimates ranging from $0.36 to $0.42. CNX Midstream Partners posted earnings per share of $0.45 during the same quarter last year, which would suggest a negative year-over-year growth rate of 13.3%. The business is expected to announce its next quarterly earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that CNX Midstream Partners will report full-year earnings of $1.73 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.77. For the next year, analysts expect that the business will report earnings of $2.30 per share, with EPS estimates ranging from $2.00 to $2.72. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for CNX Midstream Partners.
CNX Midstream Partners (NYSE:CNXM) last released its earnings results on Tuesday, January 30th. The pipeline company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.01). CNX Midstream Partners had a return on equity of 15.38% and a net margin of 48.53%. The business had revenue of $61.70 million during the quarter, compared to analysts’ expectations of $61.48 million. During the same period in the prior year, the company earned $0.38 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year.
CNXM has been the topic of several recent analyst reports. Robert W. Baird set a $24.00 price objective on shares of CNX Midstream Partners and gave the company a “buy” rating in a research report on Wednesday, March 14th. ValuEngine raised shares of CNX Midstream Partners from a “hold” rating to a “buy” rating in a research report on Thursday, March 15th. Stifel Nicolaus reissued a “buy” rating and set a $22.00 price objective on shares of CNX Midstream Partners in a research report on Wednesday, January 17th. Morgan Stanley reissued an “equal weight” rating and set a $23.00 price objective (up from $21.00) on shares of CNX Midstream Partners in a research report on Friday, March 9th. Finally, Barclays increased their price objective on shares of CNX Midstream Partners from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Thursday, March 15th. 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 stock. The company presently has an average rating of “Hold” and an average target price of $23.63.
CNXM stock traded up $0.41 during trading on Tuesday, hitting $19.02. 96,740 shares of the stock traded hands, compared to its average volume of 160,235. CNX Midstream Partners has a 1 year low of $15.25 and a 1 year high of $22.91. The company has a market capitalization of $1,129.38, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 0.73 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03.
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About CNX Midstream Partners
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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