CNX Midstream Partners LP (NYSE:CNXM) was the target of some unusual options trading activity on Thursday. Investors purchased 1,968 call options on the stock. This is an increase of approximately 3,836% compared to the average volume of 50 call options.

NYSE:CNXM opened at $15.96 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.14. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 0.50 and a beta of 1.46. CNX Midstream Partners has a fifty-two week low of $15.25 and a fifty-two week high of $21.00.

CNX Midstream Partners (NYSE:CNXM) last posted its quarterly earnings results on Thursday, January 31st. The pipeline company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.13. CNX Midstream Partners had a net margin of 47.87% and a return on equity of 23.69%. On average, equities analysts predict that CNX Midstream Partners will post 1.77 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 13th. Shareholders of record on Tuesday, February 5th will be paid a dividend of $0.3603 per share. The ex-dividend date of this dividend is Monday, February 4th. This represents a $1.44 dividend on an annualized basis and a yield of 9.03%. This is an increase from CNX Midstream Partners’s previous quarterly dividend of $0.35. CNX Midstream Partners’s dividend payout ratio (DPR) is currently 80.81%.

Large investors have recently bought and sold shares of the business. Captrust Financial Advisors purchased a new position in CNX Midstream Partners during the third quarter worth approximately $171,000. Advisors Asset Management Inc. purchased a new position in CNX Midstream Partners during the fourth quarter worth approximately $161,000. Jane Street Group LLC purchased a new position in CNX Midstream Partners during the second quarter worth approximately $216,000. Tower Research Capital LLC TRC purchased a new position in CNX Midstream Partners during the third quarter worth approximately $220,000. Finally, Janney Montgomery Scott LLC raised its stake in CNX Midstream Partners by 23.7% during the third quarter. Janney Montgomery Scott LLC now owns 19,050 shares of the pipeline company’s stock worth $367,000 after purchasing an additional 3,650 shares during the period. 52.31% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the stock. Mitsubishi UFJ Financial Group assumed coverage on shares of CNX Midstream Partners in a research note on Friday, October 5th. They set an “overweight” rating and a $24.00 price objective on the stock. Zacks Investment Research downgraded shares of CNX Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. ValuEngine raised shares of CNX Midstream Partners from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Finally, Wells Fargo & Co reduced their price objective on shares of CNX Midstream Partners from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $23.50.

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CNX Midstream Partners Company Profile

CNX Midstream Partners LP owns, operates, develops, and acquires natural gas gathering and other midstream energy assets in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. As of December 31, 2017, the company operates 18 compression and dehydration facilities. It also operates condensate handling facilities with handling capacities of 2,500 Bbl/d each in Majorsville, Pennsylvania, as well as Moundsville, West Virginia that provide condensate gathering, collection, separation, and stabilization services.

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