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.

Investment analysts gave a few price targets for CNNX. The maximum price target given was 28, implying a possible profit of 40.56 percent. The minimum price target given was 22, which equates to a potential downside of 10.44 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 2.5 percent. The average change in earnings estimates over the last 90 days is 0 percent. 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.

People are often interested in whether analysts were united in the direction of their revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. 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.

Analysts estimate earnings of CNNX to grow at a rate of 7.14 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of CNNX is 1.72.

In the trailing 52-weeks, CNNX hit 25.56 at the highest peak, while it's lowest trading point was 16.03. Today's price is 24.27 percent above the 52-week low, and 22.07 percent lower than its 52-week high. 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.