Analysts at JP Morgan Didn’t Change their Overweight rating for CNX Midstream Partners (CNXM) with $24 Price Target; Goldentree Asset Management LP Has Lifted Parsley Energy (PE) Holding

March 14, 2018 - By Clifton Ray

Goldentree Asset Management Lp increased Parsley Energy Inc (PE) stake by 110.32% reported in 2017Q3 SEC filing. Goldentree Asset Management Lp acquired 677,348 shares as Parsley Energy Inc (PE)’s stock declined 0.66%. The Goldentree Asset Management Lp holds 1.29M shares with $34.01M value, up from 613,977 last quarter. Parsley Energy Inc now has $8.51B valuation. The stock increased 0.11% or $0.03 during the last trading session, reaching $26.85. About 838,829 shares traded. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since March 14, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

Among 3 analysts covering CNX Midstream Partners (CNXM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. CNX Midstream Partners has $25.0 highest and $22 lowest target. $23.33’s average target is 21.51% above currents $19.2 stock price. CNX Midstream Partners had 3 analyst reports since January 17, 2018 according to SRatingsIntel. Morgan Stanley maintained CNX Midstream Partners LP (NYSE:CNXM) rating on Friday, March 9. Morgan Stanley has “Equal-Weight” rating and $23 target. Robert W. Baird maintained it with “Buy” rating and $25.0 target in Tuesday, January 30 report. As per Wednesday, January 17, the company rating was maintained by Stifel Nicolaus.

Since February 26, 2018, it had 3 insider buys, and 1 sale for $5.04 million activity. 189,500 Parsley Energy, Inc. (NYSE:PE) shares with value of $4.99M were bought by Sheffield Bryan. Brokmeyer Ron bought $51,320 worth of stock. Roberts Colin had sold 10,000 shares worth $261,400 on Tuesday, February 27. 10,000 shares were bought by ALAMEDDINE A R, worth $259,900 on Tuesday, February 27.

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.12, from 1.13 in 2017Q2. It worsened, as 51 investors sold PE shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported. Jpmorgan Chase & Com accumulated 2.15 million shares. Macquarie Grp Incorporated Limited reported 329,944 shares or 0.02% of all its holdings. Raymond James And Assocs invested in 0.02% or 434,048 shares. Boothbay Fund Management Limited Liability Company reported 0.05% stake. Thrivent Finance For Lutherans invested 0.17% in Parsley Energy, Inc. (NYSE:PE). Aperio Gru has 37,447 shares. Adage Cap Prtn Grp Incorporated has invested 0.31% in Parsley Energy, Inc. (NYSE:PE). Capstone Advisors Limited Company owns 78,996 shares. Icon Advisers Inc owns 295,410 shares for 0.55% of their portfolio. Greenwood Cap Assoc Lc owns 0.06% invested in Parsley Energy, Inc. (NYSE:PE) for 8,492 shares. Victory Capital Management reported 7.81 million shares. Mufg Americas Holdg holds 0% or 400 shares in its portfolio. Dnb Asset Management As owns 19,991 shares. Employees Retirement Sys Of Texas owns 418,000 shares for 0.14% of their portfolio. Omega reported 285,000 shares stake.

Among 37 analysts covering Parsley Energy Inc (NYSE:PE), 30 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. Parsley Energy Inc had 133 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of PE in report on Friday, August 21 with “Outperform” rating. KeyBanc Capital Markets maintained Parsley Energy, Inc. (NYSE:PE) rating on Monday, September 18. KeyBanc Capital Markets has “Buy” rating and $39.0 target. The rating was maintained by Deutsche Bank on Thursday, February 22 with “Buy”. As per Tuesday, January 30, the company rating was maintained by Bank of America. The firm earned “Buy” rating on Monday, December 11 by Credit Suisse. As per Friday, October 13, the company rating was maintained by RBC Capital Markets. The firm earned “Outperform” rating on Tuesday, February 28 by FBR Capital. The firm earned “Hold” rating on Monday, July 17 by Seaport Global. The stock has “Outperform” rating by FBR Capital on Friday, March 10. The rating was maintained by Williams Capital Group on Thursday, February 22 with “Hold”.

Goldentree Asset Management Lp decreased Tailored Brands Inc stake by 710,263 shares to 189,737 valued at $2.74M in 2017Q3. It also reduced Phh Corp (NYSE:PHH) stake by 327,378 shares and now owns 592,622 shares. Altaba Inc was reduced too.

Analysts await CNX Midstream Partners LP (NYSE:CNXM) to report earnings on May, 3. They expect $0.39 earnings per share, down 13.33% or $0.06 from last year’s $0.45 per share. CNXM’s profit will be $24.80M for 12.31 P/E if the $0.39 EPS becomes a reality. After $0.40 actual earnings per share reported by CNX Midstream Partners LP for the previous quarter, Wall Street now forecasts -2.50% negative EPS growth.

The stock increased 1.88% or $0.35 during the last trading session, reaching $19.2. About 34,089 shares traded. CNX Midstream Partners LP (CNXM) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

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