Shares of Cone Midstream Partners LP (NYSE:CNNX) have been given an average rating of “Buy” by the thirteen research firms that are covering the firm. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $19.50.

CNNX has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Cone Midstream Partners from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Wednesday, June 29th. Credit Suisse Group AG cut shares of Cone Midstream Partners from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $22.00 in a research note on Tuesday, September 13th. Stifel Nicolaus began coverage on shares of Cone Midstream Partners in a research note on Wednesday, July 13th. They set a “buy” rating and a $21.00 target price on the stock. Citigroup Inc. raised their target price on shares of Cone Midstream Partners from $15.00 to $18.50 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Finally, Janney Montgomery Scott began coverage on shares of Cone Midstream Partners in a research note on Thursday, September 1st. They set a “buy” rating and a $22.00 target price on the stock. They noted that the move was a valuation call.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC raised its position in Cone Midstream Partners by 0.5% in the second quarter. Chicago Partners Investment Group LLC now owns 17,939 shares of the company’s stock worth $311,000 after buying an additional 93 shares during the period. Linscomb & Williams Inc. raised its position in Cone Midstream Partners by 3.7% in the second quarter. Linscomb & Williams Inc. now owns 14,957 shares of the company’s stock worth $259,000 after buying an additional 527 shares during the period. JPMorgan Chase & Co. raised its position in Cone Midstream Partners by 70.7% in the second quarter. JPMorgan Chase & Co. now owns 8,876 shares of the company’s stock worth $154,000 after buying an additional 3,676 shares during the period. Royal Bank of Canada raised its position in Cone Midstream Partners by 119.1% in the second quarter. Royal Bank of Canada now owns 9,640 shares of the company’s stock worth $167,000 after buying an additional 5,240 shares during the period. Finally, Creative Planning raised its position in Cone Midstream Partners by 47.5% in the second quarter. Creative Planning now owns 16,957 shares of the company’s stock worth $294,000 after buying an additional 5,462 shares during the period. 43.47% of the stock is owned by hedge funds and other institutional investors.

Cone Midstream Partners (NYSE:CNNX) opened at 19.44 on Friday. Cone Midstream Partners has a one year low of $7.55 and a one year high of $19.86. The stock’s 50 day moving average is $18.48 and its 200-day moving average is $16.37. The firm has a market capitalization of $1.13 billion, a PE ratio of 12.84 and a beta of 1.86.

Cone Midstream Partners (NYSE:CNNX) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Cone Midstream Partners had a net margin of 38.65% and a return on equity of 11.21%. The firm had revenue of $58.40 million for the quarter, compared to analysts’ expectations of $60.61 million. During the same quarter in the prior year, the business earned $0.25 EPS. The business’s quarterly revenue was up 22.4% on a year-over-year basis. On average, analysts anticipate that Cone Midstream Partners will post $1.55 EPS for the current fiscal year.

Cone Midstream Partners Company Profile

CONE Midstream Partners LP is a master limited partnership formed between CONSOL Energy Inc (CONSOL) and Noble Energy, Inc (Noble Energy). The Company owns, operates, develops and acquires natural gas gathering and other midstream energy assets to service CONSOL’s and Noble Energy’s production in the Marcellus Shale in Pennsylvania and West Virginia.

5 Day Chart for NYSE:CNNX

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