ValuEngine upgraded shares of Cone Midstream Partners (NYSE:CNNX) from a hold rating to a buy rating in a report published on Saturday.

CNNX has been the subject of several other reports. BidaskClub downgraded Cone Midstream Partners from a hold rating to a sell rating in a research report on Tuesday, October 3rd. Morgan Stanley decreased their target price on Cone Midstream Partners from $23.00 to $21.00 and set an equal weight rating for the company in a research report on Friday, November 17th. Zacks Investment Research upgraded Cone Midstream Partners from a sell rating to a hold rating in a research report on Wednesday, November 8th. Robert W. Baird reiterated a buy rating and set a $24.00 target price on shares of Cone Midstream Partners in a research report on Thursday, September 21st. Finally, Royal Bank Of Canada reiterated a hold rating and set a $22.00 target price on shares of Cone Midstream Partners in a research report on Monday, October 30th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Cone Midstream Partners has an average rating of Hold and an average target price of $22.86.

Cone Midstream Partners (CNNX) traded up $0.03 during trading hours on Friday, hitting $17.00. The stock had a trading volume of 70,635 shares, compared to its average volume of 101,768. Cone Midstream Partners has a fifty-two week low of $15.25 and a fifty-two week high of $25.56. The company has a market capitalization of $585.24, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 0.88 and a beta of 1.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 1.21.

Cone Midstream Partners (NYSE:CNNX) last released its earnings results on Thursday, November 2nd. The pipeline company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. Cone Midstream Partners had a return on equity of 15.22% and a net margin of 48.40%. The business had revenue of $56.69 million during the quarter, compared to the consensus estimate of $62.96 million. During the same period last year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. analysts forecast that Cone Midstream Partners will post 1.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Friday, November 3rd were issued a $0.3025 dividend. This is an increase from Cone Midstream Partners’s previous quarterly dividend of $0.29. This represents a $1.21 annualized dividend and a dividend yield of 7.12%. The ex-dividend date was Thursday, November 2nd. Cone Midstream Partners’s payout ratio is presently 71.18%.

Hedge funds have recently added to or reduced their stakes in the stock. Global X Management Co. LLC raised its holdings in shares of Cone Midstream Partners by 3.4% in the second quarter. Global X Management Co. LLC now owns 7,616 shares of the pipeline company’s stock valued at $144,000 after acquiring an additional 247 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Cone Midstream Partners by 1,057.8% in the third quarter. JPMorgan Chase & Co. now owns 10,397 shares of the pipeline company’s stock valued at $173,000 after acquiring an additional 9,499 shares in the last quarter. Harvest Fund Advisors LLC bought a new stake in shares of Cone Midstream Partners in the third quarter valued at about $226,000. Linscomb & Williams Inc. raised its holdings in shares of Cone Midstream Partners by 0.4% in the second quarter. Linscomb & Williams Inc. now owns 15,125 shares of the pipeline company’s stock valued at $287,000 after acquiring an additional 65 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Cone Midstream Partners in the third quarter valued at about $291,000. 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.

Analyst Recommendations for Cone Midstream Partners (NYSE:CNNX)

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