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CNX Midstream Partners LP is an oil & gas midstream business based in the US. CNX Midstream Partners shares (CNXM) are listed on the NYSE and all prices are listed in US Dollars.
|52-week range||$0.00 - $0.00|
|50-day moving average||$9.55|
|200-day moving average||$8.38|
|Wall St. target price||$8.00|
|Dividend yield||$2 (21.83%)|
|Earnings per share (TTM)||$2.09|
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This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Valuing CNX Midstream Partners stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of CNX Midstream Partners's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
CNX Midstream Partners's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 4x. In other words, CNX Midstream Partners shares trade at around 4x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
CNX Midstream Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $235.4 million.
The EBITDA is a measure of a CNX Midstream Partners's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$301.7 million|
|Operating margin TTM||68.54%|
|Gross profit TTM||$267 million|
|Return on assets TTM||10.92%|
|Return on equity TTM||44.15%|
|Market capitalisation||$822.6 million|
TTM: trailing 12 months
There are currently 1.5 million CNX Midstream Partners shares held short by investors – that's known as CNX Midstream Partners's "short interest". This figure is 53.2% up from 977,186 last month.
There are a few different ways that this level of interest in shorting CNX Midstream Partners shares can be evaluated.
CNX Midstream Partners's "short interest ratio" (SIR) is the quantity of CNX Midstream Partners shares currently shorted divided by the average quantity of CNX Midstream Partners shares traded daily (recently around 519967.70833333). CNX Midstream Partners's SIR currently stands at 2.88. In other words for every 100,000 CNX Midstream Partners shares traded daily on the market, roughly 2880 shares are currently held short.
However CNX Midstream Partners's short interest can also be evaluated against the total number of CNX Midstream Partners shares, or, against the total number of tradable CNX Midstream Partners shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case CNX Midstream Partners's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 CNX Midstream Partners shares in existence, roughly 20 shares are currently held short) or 0.0357% of the tradable shares (for every 100,000 tradable CNX Midstream Partners shares, roughly 36 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against CNX Midstream Partners.
Find out more about how you can short CNX Midstream Partners stock.
Dividend payout ratio: 64.1% of net profits
Recently CNX Midstream Partners has paid out, on average, around 64.1% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 21.83% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), CNX Midstream Partners shareholders could enjoy a 21.83% return on their shares, in the form of dividend payments. In CNX Midstream Partners's case, that would currently equate to about $2 per share.
CNX Midstream Partners's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
CNX Midstream Partners's most recent dividend payout was on 13 August 2020. The latest dividend was paid out to all shareholders who bought their shares by 5 August 2020 (the "ex-dividend date").
Over the last 12 months, CNX Midstream Partners's shares have ranged in value from as little as $0 up to $0. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while CNX Midstream Partners's is 1.1265. This would suggest that CNX Midstream Partners's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
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, 2019, the company operated 18 compression and dehydration facilities. It also operates condensate handling facilities with handling capacities of 2,500 barrels per day in Majorsville, Shirley, and 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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