Shares of CNX Midstream Partners LP (NYSE:CNXM) reached a new 52-week low during trading on Thursday . The stock traded as low as $13.42 and last traded at $13.42, with a volume of 27612 shares trading hands. The stock had previously closed at $13.65.

Several analysts recently commented on CNXM shares. ValuEngine raised shares of CNX Midstream Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. TheStreet lowered shares of CNX Midstream Partners from a “b-” rating to a “c+” rating in a research note on Friday, June 14th. Finally, Zacks Investment Research raised shares of CNX Midstream Partners from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $19.50.

The firm has a market capitalization of $870.05 million, a price-to-earnings ratio of 7.09 and a beta of 1.13. The firm’s 50 day moving average is $14.24 and its 200 day moving average is $14.57. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.42.

CNX Midstream Partners (NYSE:CNXM) last released its earnings results on Tuesday, July 30th. The pipeline company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.49 by $0.14. CNX Midstream Partners had a net margin of 56.02% and a return on equity of 39.15%. The business had revenue of $78.10 million during the quarter, compared to analyst estimates of $71.60 million. During the same period in the prior year, the business earned $0.43 earnings per share. The business’s quarterly revenue was up 28.0% on a year-over-year basis. On average, sell-side analysts predict that CNX Midstream Partners LP will post 1.97 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its position in shares of CNX Midstream Partners by 54.1% in the 2nd quarter. Advisor Group Inc. now owns 3,392 shares of the pipeline company’s stock valued at $48,000 after acquiring an additional 1,191 shares in the last quarter. Clarkston Capital Partners LLC purchased a new stake in shares of CNX Midstream Partners in the 2nd quarter valued at approximately $141,000. LPL Financial LLC purchased a new stake in shares of CNX Midstream Partners in the 2nd quarter valued at approximately $152,000. HighTower Advisors LLC purchased a new stake in shares of CNX Midstream Partners in the 2nd quarter valued at approximately $165,000. Finally, Water Island Capital LLC lifted its position in shares of CNX Midstream Partners by 34.8% in the 2nd quarter. Water Island Capital LLC now owns 15,500 shares of the pipeline company’s stock valued at $218,000 after acquiring an additional 4,000 shares in the last quarter. 46.27% of the stock is owned by institutional investors and hedge funds.

CNX Midstream Partners Company Profile (NYSE:CNXM)

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.

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