Analyst Ratings for CONE Midstream Partners LP (CNNX)

Updated: 2017-07-28

An average rating of Overweight has been given to CONE Midstream Partners LP (NYSE:CNNX) by analysts covering the stock. About 30 days ago, CNNX was issued an average rating of Overweight.

11 analysts issued ratings on the stock, where 5 gave CNNX a buy rating, 2 gave an overweight rating, 4 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 2 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.

A number of analysts gave price targets for CNNX. The maximum price target given was 28, which equates to a potential upside of 40.56 percent. The lowest price target was 22, implying potential capital losses of 10.44 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 2.5 percent. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 2.13 percent. If we look at the last 90 days instead, we find a net average change of -0.58 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

CNNX has an estimated earnings growth rate of 7.14 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. CNNX has a PEG ratio of 1.72.

CNNX has traded between a high of 25.56 and a low of 16.03 over the past year. The current market price is above the trailing year's low by 24.27 percent, and below the high by 22.07 percent. CNNX has a price/earnings ratio of 12.3. Investors typically compare the P/E ratio to a company's peers in the industry. The CNNX value stock report compares CNNX to some of its peers using value stock charts. The market cap of CNNX is $1.27 billion. CNNX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.