Stock To Watch: Cone Midstream Partners LP (NYSE:CNNX)


The leading market experts have placed a mean price target of $18.00 on Cone Midstream Partners LP (NYSE:CNNX) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.35 a share for the upcoming quarter and $1.49 for the current fiscal. Technical View The technical analysis of Cone Midstream Partners LP Comm plainly substantiates that the 50-day moving average of Cone Midstream Partners LP Comm is $17.13, and stock is hovering -0.05 or -0.29% distant from $17.13. It is noted that the 200-day MA is $13.78, and Cone Midstream Partners LP Comm stock is $3.30 or +23.90% off from this point. Cone Midstream Partners LP (NYSE:CNNX) 52-week high is $18.43 and the 52-week low is $7.55. This explains if the stock moves $-1.35, it will post a 52-week high. In event of $+126.23% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Cone Midstream Partners LP Comm, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Cone Midstream Partners LP (NYSE:CNNX) ratio came in at 12.43. The stock last ended the trading session at $17.08 and registered a market cap of $996.50M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Cone Midstream Partners LP (NYSE:CNNX) PEG ratio is at 1.13.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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