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.

Several price targets were given for CNNX by the analysts covering the stock. The highest price target was 28, which equates to a potential upside of 40.56 percent. The minimum price target given was 22, implying a possible loss of 10.44 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 2.5 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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. Over the past month, 1 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

The growth rate of CNNX's earnings is estimated by analysts to be 7.14 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of CNNX is 1.72.

In the last 52-weeks, CNNX has achieved a high of 25.56 and a low of 16.03. Today's price is 24.27 percent above the 52-week low, 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's next earnings release will be on 0000-00-00, which is days away.