How to buy CNX Midstream Partners stock - 02 March

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How to buy CNX Midstream Partners stock

Own CNX Midstream Partners stock in just a few minutes.

Fact checked

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.

How to buy shares in CNX Midstream Partners

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for CNX Midstream Partners. Find the stock by name or ticker symbol: CNXM. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until CNX Midstream Partners reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of CNX Midstream Partners, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of CNX Midstream Partners. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

CNX Midstream Partners share price

Use our graph to track the performance of CNXM stocks over time.

CNX Midstream Partners shares at a glance

Information last updated 2021-01-23.
52-week rangeUSD$4.8713 - USD$12.0472
50-day moving average USD$9.545
200-day moving average USD$8.384
Wall St. target priceUSD$8
PE ratio 4.2018
Dividend yield USD$2 (21.83%)
Earnings per share (TTM) USD$2.087

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy CNX Midstream Partners stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

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.

Is CNX Midstream Partners under- or over-valued?

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 P/E ratio

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

CNX Midstream Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$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.

CNX Midstream Partners financials

Revenue TTM USD$301.7 million
Operating margin TTM 68.54%
Gross profit TTM USD$267 million
Return on assets TTM 10.92%
Return on equity TTM 44.15%
Profit margin 54.07%
Book value $3.19
Market capitalisation USD$822.6 million

TTM: trailing 12 months

Shorting CNX Midstream Partners shares

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)

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.

CNX Midstream Partners share dividends

64%

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 14 August 2020. The latest dividend was paid out to all shareholders who bought their shares by 6 August 2020 (the "ex-dividend date").

CNX Midstream Partners share price volatility

Over the last 12 months, CNX Midstream Partners's shares have ranged in value from as little as $4.8713 up to $12.0472. A popular way to gauge a stock's volatility is its "beta".

CNXM.US volatility(beta: 1.13)Avg. volatility(beta: 1.00)LowHigh

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 overview

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. CNX Midstream Partners LP operates as subsidiary of CNX Gas Company LLC.

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