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.

CNNX was given price targets by several analysts. The most optimistic price target was 28, implying potential capital gains of 40.56 percent. The most pessimistic analyst gave a price target of 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.

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. Meanwhile, fiscal year estimates have been revised upwards by 2.13 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.58 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

CNNX has an estimated earnings growth rate of 7.14 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, 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 trailing 52-weeks, CNNX hit 25.56 at the highest peak, while it's lowest trading point was 16.03. Currently the stock is 24.27 percent higher than its low, and below the high by 22.07 percent. CNNX has a P/E 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.