Wall Street analysts expect that CNX Midstream Partners LP (NYSE:CNXM) will post earnings per share of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for CNX Midstream Partners’ earnings. The highest EPS estimate is $0.44 and the lowest is $0.42. CNX Midstream Partners also posted earnings per share of $0.43 in the same quarter last year. The company is scheduled to report its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that CNX Midstream Partners will report full-year earnings of $1.72 per share for the current fiscal year, with EPS estimates ranging from $1.69 to $1.74. For the next financial year, analysts expect that the firm will report earnings of $2.41 per share, with EPS estimates ranging from $2.15 to $2.69. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow CNX Midstream Partners.

CNX Midstream Partners (NYSE:CNXM) last issued its quarterly earnings data on Thursday, August 2nd. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $61.00 million during the quarter, compared to analysts’ expectations of $64.10 million. CNX Midstream Partners had a net margin of 46.16% and a return on equity of 19.10%. CNX Midstream Partners’s quarterly revenue was up 8.0% compared to the same quarter last year.

A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of CNX Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Zacks Investment Research cut shares of CNX Midstream Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Morgan Stanley lifted their price objective on shares of CNX Midstream Partners from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Friday, June 15th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.86.

In related news, major shareholder Nbl Midstream, Llc sold 7,475,000 shares of the business’s stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $18.03, for a total transaction of $134,774,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

A number of institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its holdings in CNX Midstream Partners by 8.1% during the second quarter. GSA Capital Partners LLP now owns 46,791 shares of the pipeline company’s stock worth $907,000 after purchasing an additional 3,506 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in CNX Midstream Partners by 35.4% during the second quarter. Janney Montgomery Scott LLC now owns 15,400 shares of the pipeline company’s stock worth $299,000 after purchasing an additional 4,025 shares during the last quarter. Barclays PLC purchased a new position in CNX Midstream Partners during the first quarter worth about $119,000. EJF Capital LLC boosted its holdings in CNX Midstream Partners by 40.0% during the second quarter. EJF Capital LLC now owns 35,000 shares of the pipeline company’s stock worth $679,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Stifel Financial Corp purchased a new position in CNX Midstream Partners during the first quarter worth about $200,000. Institutional investors and hedge funds own 30.01% of the company’s stock.

Shares of NYSE CNXM traded down $0.04 during mid-day trading on Thursday, reaching $19.70. 5,875 shares of the company’s stock traded hands, compared to its average volume of 85,662. The stock has a market capitalization of $1.22 billion, a P/E ratio of 11.49, a P/E/G ratio of 0.80 and a beta of 1.70. CNX Midstream Partners has a 1-year low of $15.25 and a 1-year high of $21.05. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.56 and a quick ratio of 0.56.

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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