CNX Midstream Partners LP (NYSE:CNXM) does about 760.40K shares in volume on a normal day but saw 1258186 shares change hands in Friday trading. The company now has a market cap of 876.43M USD and an enterprise value of about $1.59B. Its current market price is $10.51, marking an increase of 7.68% compared to the previous close of $9.76. The 52 week high reached by this stock is $16.94 whilst the lowest price level in 52 weeks is $5.20. The script in recent trading has seen the stock touch a high of $10.71 and a low of $9.57.

CNX Midstream Partners LP (CNXM) has a 20-day trading average at $8.65 and the current price is -37.96% off the 52-week high compared with 102.12% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.85 and its 200-day simple moving average is $10.91. If we look at the stock’s price movements over the week, volatility stands at 6.56%, which increases to 6.76% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.40 to suggest the stock is overbought.

3 analysts observing the CNX Midstream Partners LP (CNXM) stock have set the 12-month price targets for the company’s shares at between $7.00 and $9.00. The consensus objective for the share price is $8.50, suggesting that the stock has a potential downside of -23.65% over the period. The median price target is -31.37% away from the current levels at $8.00.

FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Underweight and Wall Street’s advice is for investors to Hold the stock.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 27, 2020 when Wells Fargo upgraded the stock to “Equal Weight” and issued a price target of between $8 and $14. JP Morgan downgraded the stock to “Underweight” from Neutral on January 29, 2020 at a price target of $16. Barclays downgraded its price target at $17.

The current price level is 24.43%, 34.88%, and -3.85% away from its SMA20, SMA50, and SMA200 respectively, with the CNXM price moving below the 50-day SMA on August 14. CNX Midstream Partners LP (CNXM) stock is up 8.80% over the week and 59.97% over the past month. Its price is -36.15% year-to-date and -23.95% over the past year.

The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.35 above consensus estimates by $0.01. The company’s next earnings report is expected on 11/03/2020, with forecasts estimating quarterly EPS at $0.32 and $1.54 for whole year. CNXM’s earnings per share are forecast to shrink by -36.90% this year and 12.30% over next year. Expected sales for next quarter are $73 million, which analysts say will come at $257 million for the current fiscal year and next year at $283 million. In addition, estimates put the company’s current quarterly revenue at an average of $56.3 million.

Its 12-month price target is $8.00. To reach the target analysts have set, the stock logically needs to shrink -23.65 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $7.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $9.00.

Outstanding shares total 89.80M with insiders holding 53.58% of the shares and institutional holders owning 30.97% of the company’s common stock. The company has a return on investment of 19.60% and return on equity of 50.80%. The price to earnings ratio (P/E ratio) amounts to 4.83 while the forward price to earnings ratio is 6.06. The beta has a value of 1.14. Price to book ratio is 3.29 and price to sales ratio is 2.90.

According to a U.S. Securities and Exchange Commission filing, Alerian MLP ETF has reduced its position in CNX Midstream Partners LP (CNXM) to 4,911,166 shares, mirroring a recent drop by -0.03%. Alerian MLP ETF dumped 1636.0 shares of CNX Midstream Partners LP common stock bringing its total worth to about $44.0 million at the end of recent close, SEC documents show. Alerian MLP ETF isn’t the only investment manager who changed stakes and is followed by Invesco Oppenheimer SteelPath MLP, which sold off 0.0 shares to end up with 3,127,357 shares worth $28.02 million. Tortoise Energy Infrastructure Co cut their holdings by -4.05% in the company over the course of the most recent quarter. It now holds a 2.80% position in CNX Midstream Partners LP thanks to 2.52 million shares amounting to $22.54 million.