Cone Midstream Partners LP (NYSE:CNNX) had its price target dropped by investment analysts at Bank of America Corporation from $23.00 to $21.00 in a research note issued on Tuesday, August 8th. The firm currently has a “neutral” rating on the pipeline company’s stock. Bank of America Corporation’s price target indicates a potential upside of 21.95% from the stock’s current price.

A number of other equities research analysts have also commented on CNNX. Citigroup Inc. reissued a “neutral” rating and issued a $25.00 price target (up from $21.00) on shares of Cone Midstream Partners in a research report on Tuesday, April 25th. Zacks Investment Research raised Cone Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Tuesday, April 25th. Royal Bank Of Canada lowered Cone Midstream Partners from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $26.00 to $22.00 in a research report on Monday, May 8th. ValuEngine lowered Cone Midstream Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered Cone Midstream Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $23.00.

Cone Midstream Partners (NYSE:CNNX) traded up 2.62% during mid-day trading on Tuesday, hitting $17.22. 125,507 shares of the stock were exchanged. The stock has a 50 day moving average price of $19.01 and a 200 day moving average price of $21.03. Cone Midstream Partners has a 1-year low of $16.71 and a 1-year high of $25.56. The company has a market capitalization of $1.09 billion, a PE ratio of 10.29 and a beta of 1.64.

Cone Midstream Partners (NYSE:CNNX) last released its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $56.50 million during the quarter, compared to analyst estimates of $60.15 million. Cone Midstream Partners had a return on equity of 14.15% and a net margin of 45.95%. Cone Midstream Partners’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. On average, equities analysts anticipate that Cone Midstream Partners will post $1.66 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. Van ECK Associates Corp acquired a new stake in shares of Cone Midstream Partners during the first quarter valued at about $1,691,000. Chicago Partners Investment Group LLC raised its stake in shares of Cone Midstream Partners by 0.4% in the first quarter. Chicago Partners Investment Group LLC now owns 18,172 shares of the pipeline company’s stock valued at $429,000 after buying an additional 72 shares in the last quarter. BB&T Securities LLC acquired a new stake in shares of Cone Midstream Partners during the first quarter valued at about $472,000. Stifel Financial Corp raised its stake in shares of Cone Midstream Partners by 2.3% in the first quarter. Stifel Financial Corp now owns 9,514 shares of the pipeline company’s stock valued at $225,000 after buying an additional 211 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Cone Midstream Partners during the first quarter valued at about $550,000. 40.77% of the stock is owned by hedge funds and other institutional investors.

Cone Midstream Partners Company Profile

CONE Midstream Partners LP is a master limited partnership formed by 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.

Analyst Recommendations for Cone Midstream Partners (NYSE:CNNX)

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