Cone Midstream Partners LP (NYSE:CNNX) issued its quarterly earnings results on Thursday. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.00. Cone Midstream Partners had a return on equity of 11.33% and a net margin of 39.18%. The company had revenue of $57.83 million for the quarter, compared to analysts’ expectations of $62.48 million. During the same quarter last year, the business earned $0.38 earnings per share. Cone Midstream Partners’s revenue was down 1.6% on a year-over-year basis.

Cone Midstream Partners (NYSE:CNNX) opened at 23.98 on Friday. The firm has a 50-day moving average price of $23.77 and a 200-day moving average price of $20.73. Cone Midstream Partners has a 52-week low of $9.13 and a 52-week high of $25.56. The company has a market cap of $1.40 billion, a PE ratio of 15.19 and a beta of 1.69.

Earnings History for Cone Midstream Partners (NYSE:CNNX)

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Monday, February 6th were given a $0.2724 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Thursday, February 2nd. This is a boost from Cone Midstream Partners’s previous quarterly dividend of $0.26. Cone Midstream Partners’s payout ratio is currently 68.55%.

A number of research analysts recently commented on the company. RBC Capital Markets restated a “buy” rating and issued a $26.00 price target on shares of Cone Midstream Partners in a research report on Friday, January 6th. Zacks Investment Research cut Cone Midstream Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, December 6th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $20.55.

In other Cone Midstream Partners news, Director Angela A. Minas acquired 5,000 shares of the business’s stock in a transaction on Thursday, December 1st. The shares were acquired at an average price of $22.00 per share, with a total value of $110,000.00. Following the completion of the transaction, the director now owns 22,733 shares in the company, valued at $500,126. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in Cone Midstream Partners by 4.2% in the third quarter. Wells Fargo & Company MN now owns 184,804 shares of the company’s stock valued at $3,345,000 after buying an additional 7,447 shares in the last quarter. Global X Management Co. LLC boosted its position in Cone Midstream Partners by 11.1% in the third quarter. Global X Management Co. LLC now owns 632,927 shares of the company’s stock valued at $11,456,000 after buying an additional 63,264 shares in the last quarter. Pointe Capital Management LLC boosted 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. UBS Group AG boosted its position in Cone Midstream Partners by 74.6% in the third quarter. UBS Group AG now owns 1,145,778 shares of the company’s stock valued at $20,739,000 after buying an additional 489,520 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted 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. 44.46% of the stock is currently owned by institutional investors and hedge funds.

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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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