CNX Midstream Partners LP (NYSE:CNXM) went up by 1.88% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Oil & Gas Midstream giant went up by $6.49 to trade ended Tuesday trading at $6.37. This is up from the $6.37 price recorded on Monday’s trading session. Thanks to this latest performance, CNXM is closer to the higher price 52-week target of $9.00 and further from the lowest price target of $8.00. Its performance from the start of the year has also been negative, with CNXM down by -60.57% year-to-date.
CNX Midstream Partners LP (CNXM) started the day trading at $6.25 and recorded an intraday high of $6.56. It also recorded an intraday low of $6.2401 during Tuesday’s trading session. CNX Midstream Partners LP is a very active stock that recorded a trading volume that is less than -205.33% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 257380, which is less than -205.33 of the total average daily trading volume of 785.86K.
CNX Midstream Partners LP (NYSE:CNXM) 2020 Performance Impressive
The increase in CNXM’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of CNXM currently stands at $16.94, which is higher than the current trading price of the stock by 61.69%. However, CNXM’s current trading price is -24.81% lower than the 52-week low price of $5.20. In terms of trading volume, CNX Midstream Partners LP currently experienced healthy participation during the last trading session. 257380 shares of CNX Midstream Partners LP were traded on the stock exchange on Tuesday, which is less than -205.33% of the 785.86K average trading volume of the stock.
The performance of the stock has been positive over the past year. CNXM’s performance over the past one year has seen it plunge by -53.74%, while the stock has gone down by -61.41% in the last six months. The quarterly performance of CNXM currently stands at -19.58%, and it is down by -24.88% in the last month. The only negative figure was from the weekly performance, which currently reads -1.07%. At the time of writing CNXM’s report, the company has a total market cap of $590.91M, making it one of the largest publicly-traded companies in the world.
CNXM Insider Activities
For CNX Midstream Partners LP, insiders hold 34.00% of all company shares. The insider transactions over the past six months are up by 117.70%. During that period, insiders bought 33,838 shares in 5 transactions. In that same period, insiders sold 29,291 of their shares in 3 transactions. After these transactions, insiders at CNX Midstream Partners LP now hold 48.12M shares, which is over 30.97% of the total company stocks. Institutional investors currently hold a large chunk of the CNXM shares, as they control 53.58% of the company’s total stock.
CNXM Fundamental Analysis
For CNX Midstream Partners LP, the stock’s diluted earnings per share (EPS) stands at 2.46. In the coming year, analysts expect the EPS to be 1.79. The EPS growth will slow down over the next five years to -2.60% after surging by 56.70% in the previous five years. In terms of revenue, CNX Midstream Partners LP’s quarterly sales (YOY) is growing at 0.35, which is lower than the average annual revenue of 56.70% over the past half a decade.
The Return on Investment (ROI) on CNX Midstream Partners LP’s stock currently stands at 19.60%, and it has a net profit margin of 54.50%. The operating margin of the company is 69.40%, and its gross margin is 86.70%.
CNXM Analysts Prediction
In April 27, 2020, several analysts reiterated their positions on the CNX Midstream Partners LP stock and predicted its performance to their investors. The analysts at Wells Fargo believe CNXM is still a Equal Weight and set the price target between $8 and $14.
Analysts at Robert W. Baird believe that CNXM is Neutral, and they have a price target of between $25 and $18.
At the moment, CNX Midstream Partners LP’s Total Debt to Equity ratio stands at 2.84, and they have a long-term Debt to Equity ratio of 2.84.
CNXM Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of CNXM currently stands at -15.09%, while the SMA50 is -12.95%. The biggest one is the SMA200, which is currently reading -44.83% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 37.93, while its price to earnings ratio (P/E) is 2.64.