Cone Midstream Partners (NYSE:CNNX) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other research analysts have also recently commented on the company. Robert W. Baird reaffirmed a “buy” rating and set a $24.00 target price on shares of Cone Midstream Partners in a research note on Thursday, September 21st. Morgan Stanley cut their target price on Cone Midstream Partners from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Friday, November 17th. Zacks Investment Research cut Cone Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BidaskClub raised Cone Midstream Partners from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $22.00 target price on shares of Cone Midstream Partners in a research note on Monday, October 30th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.86.

Shares of Cone Midstream Partners (NYSE CNNX) traded up $0.03 during midday trading on Friday, reaching $17.00. The company’s stock had a trading volume of 70,635 shares, compared to its average volume of 101,768. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. Cone Midstream Partners has a 52 week low of $15.25 and a 52 week high of $25.56. The company has a market capitalization of $584.22, a PE ratio of 9.98, a P/E/G ratio of 0.87 and a beta of 1.64.

Cone Midstream Partners (NYSE:CNNX) last issued its quarterly earnings data on Thursday, November 2nd. The pipeline company reported $0.43 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $56.69 million for the quarter, compared to analysts’ expectations of $62.96 million. Cone Midstream Partners had a return on equity of 15.22% and a net margin of 48.40%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. equities analysts predict that Cone Midstream Partners will post 1.76 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in CNNX. Oakview Capital Management L.P. purchased a new stake in shares of Cone Midstream Partners in the third quarter valued at approximately $13,697,000. Marshall Wace North America L.P. boosted its holdings in shares of Cone Midstream Partners by 341.5% in the second quarter. Marshall Wace North America L.P. now owns 234,851 shares of the pipeline company’s stock valued at $4,462,000 after purchasing an additional 181,654 shares during the period. Citigroup Inc. boosted its holdings in shares of Cone Midstream Partners by 166.3% in the second quarter. Citigroup Inc. now owns 177,785 shares of the pipeline company’s stock valued at $3,369,000 after purchasing an additional 111,030 shares during the period. Bank of Montreal Can purchased a new stake in shares of Cone Midstream Partners in the second quarter valued at approximately $1,726,000. Finally, Castleton Investment Management LLC boosted its holdings in shares of Cone Midstream Partners by 455.0% in 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 period. Hedge funds and other institutional investors own 37.36% of the company’s stock.

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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.

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Analyst Recommendations for Cone Midstream Partners (NYSE:CNNX)

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