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

A number of brokerages have recently issued reports on CNNX. TheStreet raised Cone Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Zacks Investment Research raised Cone Midstream Partners from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, August 3rd. Citigroup Inc. raised their price target on Cone Midstream Partners from $15.00 to $18.50 and gave the company a “neutral” rating in a report on Monday, August 8th. Credit Suisse Group AG cut Cone Midstream Partners from an “outperform” rating to a “neutral” rating and raised their price target for the company from $21.00 to $22.00 in a report on Tuesday, September 13th. Finally, Janney Montgomery Scott assumed coverage on Cone Midstream Partners in a report on Thursday, September 1st. They set a “buy” rating and a $22.00 price target for the company. They noted that the move was a valuation call.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Chicago Partners Investment Group LLC raised its position in Cone Midstream Partners by 0.5% in the third quarter. Chicago Partners Investment Group LLC now owns 18,026 shares of the company’s stock valued at $326,000 after buying an additional 87 shares in the last quarter. Neuberger Berman Group LLC raised its position in Cone Midstream Partners by 1.9% in the third quarter. Neuberger Berman Group LLC now owns 16,400 shares of the company’s stock valued at $297,000 after buying an additional 300 shares in the last quarter. 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 valued at $259,000 after buying an additional 527 shares in the last quarter. Pointe Capital Management LLC raised its position in Cone Midstream Partners by 1.5% in the third quarter. Pointe Capital Management LLC now owns 56,861 shares of the company’s stock valued at $1,029,000 after buying an additional 835 shares in the last quarter. Finally, Nwam LLC raised its position in Cone Midstream Partners by 2.8% in the third quarter. Nwam LLC now owns 65,571 shares of the company’s stock valued at $1,187,000 after buying an additional 1,760 shares in the last quarter. Institutional investors and hedge funds own 43.80% of the company’s stock.

Shares of Cone Midstream Partners (NYSE:CNNX) opened at 21.36 on Friday. The stock has a 50 day moving average price of $19.89 and a 200 day moving average price of $17.80. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 13.53 and a beta of 1.67. Cone Midstream Partners has a one year low of $7.55 and a one year high of $22.45.

Cone Midstream Partners (NYSE:CNNX) last issued its earnings results on Friday, November 4th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. Cone Midstream Partners had a return on equity of 11.33% and a net margin of 39.18%. The business earned $60.73 million during the quarter, compared to analysts’ expectations of $57.89 million. During the same period in the prior year, the firm posted $0.33 EPS. Cone Midstream Partners’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Cone Midstream Partners will post $1.57 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Friday, November 4th were given a $0.263 dividend. This is a positive change from Cone Midstream Partners’s previous quarterly dividend of $0.25. This represents a $1.05 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend was Wednesday, November 2nd. Cone Midstream Partners’s dividend payout ratio (DPR) is currently 66.04%.

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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