Cone Midstream Partners (CNNX) Receiving Somewhat Favorable Press Coverage, Study Shows
Media headlines about Cone Midstream Partners (NYSE:CNNX) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cone Midstream Partners earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 46.2194736903134 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s analysis:
- American Midstream Partners LP Q4 2016 Institutional Investor Sentiment Worse Than Expected – Hi-tech Beacon (hitechbeacon.com)
- A ‘Safer’ Dividend Energy Dog Puzzle: As Dog Prices Drop Why Do Brokers Cast Higher Gains For Them? (seekingalpha.com)
- Federated Investors, Inc. (FII) has a value of $27.55 per share While CONE Midstream Partners LP (CNNX) is stand at … – Stocks Gallery (stocksgallery.com)
- Cone Midstream Partners (CNNX) & Eagle Rock Energy Partners, L.P. (EROC) Critical Analysis (americanbankingnews.com)
- Hillary Clinton pounds NY Times for ‘schizophrenic’ email coverage (famososartistas.com)
Shares of Cone Midstream Partners (NYSE CNNX) traded down 1.49% during trading on Friday, reaching $17.84. The company had a trading volume of 101,870 shares. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 10.66 and a beta of 1.67. Cone Midstream Partners has a 52 week low of $16.24 and a 52 week high of $25.56. The firm has a 50-day moving average of $17.85 and a 200 day moving average of $20.19.
Cone Midstream Partners (NYSE:CNNX) last issued its earnings results on Monday, August 7th. The pipeline company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Cone Midstream Partners had a return on equity of 14.15% and a net margin of 45.95%. The company had revenue of $56.50 million during the quarter, compared to the consensus estimate of $60.15 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The company’s revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Cone Midstream Partners will post $1.66 earnings per share for the current year.
Several research analysts have recently weighed in on CNNX shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $25.00 target price on shares of Cone Midstream Partners in a research note on Friday, August 11th. ValuEngine downgraded Cone Midstream Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Citigroup Inc. raised Cone Midstream Partners from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Monday, May 22nd. Morgan Stanley reduced their price objective on Cone Midstream Partners from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, July 14th. Finally, BidaskClub raised Cone Midstream Partners from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $23.29.
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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.
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