Shares of Cone Midstream Partners LP (NYSE:CNNX) have been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $23.17.

A number of equities analysts recently weighed in on CNNX shares. Stifel Nicolaus reissued a “buy” rating and issued a $25.00 price target on shares of Cone Midstream Partners in a report on Friday, August 11th. ValuEngine downgraded shares of Cone Midstream Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Citigroup Inc. raised shares of Cone Midstream Partners from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Monday, May 22nd. Morgan Stanley cut their price target on shares of Cone Midstream Partners from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Friday, July 14th. Finally, BidaskClub raised shares of Cone Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday, September 1st.

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Shares of Cone Midstream Partners (NYSE CNNX) opened at 17.84 on Friday. The stock’s 50 day moving average is $17.85 and its 200-day moving average is $20.19. Cone Midstream Partners has a 1-year low of $16.24 and a 1-year high of $25.56. The firm has a market cap of $1.13 billion, a PE ratio of 10.66 and a beta of 1.67.

Cone Midstream Partners (NYSE:CNNX) last issued its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. The company had revenue of $56.50 million for the quarter, compared to the consensus estimate of $60.15 million. Cone Midstream Partners had a net margin of 45.95% and a return on equity of 14.15%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. Analysts expect that Cone Midstream Partners will post $1.66 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. lifted its holdings in Cone Midstream Partners by 13.7% during the second quarter. Westwood Holdings Group Inc. now owns 577,569 shares of the pipeline company’s stock valued at $10,945,000 after purchasing an additional 69,674 shares during the last quarter. Linscomb & Williams Inc. lifted its holdings in Cone Midstream Partners by 0.4% during the second quarter. Linscomb & Williams Inc. now owns 15,125 shares of the pipeline company’s stock valued at $287,000 after purchasing an additional 65 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Cone Midstream Partners by 2.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 22,593 shares of the pipeline company’s stock valued at $428,000 after purchasing an additional 506 shares during the last quarter. CNH Partners LLC lifted its holdings in Cone Midstream Partners by 1.2% during the second quarter. CNH Partners LLC now owns 16,600 shares of the pipeline company’s stock valued at $315,000 after purchasing an additional 200 shares during the last quarter. Finally, Castleton Investment Management LLC lifted its holdings in Cone Midstream Partners by 455.0% during the second quarter. Castleton Investment Management LLC now owns 111,000 shares of the pipeline company’s stock valued at $2,103,000 after purchasing an additional 91,000 shares during the last quarter. 36.98% of the stock is currently owned by institutional investors and hedge funds.

About Cone Midstream Partners

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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