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 most optimistic price target was 28, which equates to a potential upside of 40.56 percent. The lowest price target was 22, implying a possible loss of 10.44 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

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. 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. Over the same time period, 1 analysts revised their FY earnings estimates upwards, 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. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. CNNX has a PEG ratio of 1.72.

In the last 52-weeks, CNNX has achieved a high of 25.56 and a low of 16.03. Currently the stock is 24.27 percent higher than its low, and 22.07 percent below the high. 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 stock has a market capitalization of $1.27 billion. CNNX's next earnings release will be on 0000-00-00, which is days away.