Somewhat Favorable News Coverage Somewhat Unlikely to Impact Cone Midstream Partners (CNNX) Share Price
News coverage about Cone Midstream Partners (NYSE:CNNX) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cone Midstream Partners earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media coverage about the pipeline company an impact score of 46.3531380781912 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
CNNX has been the topic of several recent analyst reports. BidaskClub lowered Cone Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine lowered Cone Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Cone Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Robert W. Baird reiterated a “buy” rating and issued a $24.00 price objective on shares of Cone Midstream Partners in a report on Thursday, September 21st. Finally, Bank of America Corporation cut their price objective on Cone Midstream Partners from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, August 8th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Cone Midstream Partners currently has a consensus rating of “Hold” and a consensus target price of $22.86.
Shares of Cone Midstream Partners (CNNX) opened at $17.16 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1,090.00, a price-to-earnings ratio of 10.00, a P/E/G ratio of 0.88 and a beta of 1.64. Cone Midstream Partners has a 1-year low of $15.25 and a 1-year high of $25.56.
Cone Midstream Partners (NYSE:CNNX) last posted its quarterly earnings data on Thursday, November 2nd. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Cone Midstream Partners had a return on equity of 15.22% and a net margin of 48.40%. The firm had revenue of $56.69 million for the quarter, compared to the consensus estimate of $62.96 million. During the same quarter in the previous year, the business earned $0.40 EPS. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. research analysts forecast that Cone Midstream Partners will post 1.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were issued a dividend of $0.3025 per share. This is an increase from Cone Midstream Partners’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.21 annualized dividend and a yield of 7.05%. Cone Midstream Partners’s dividend payout ratio is 71.18%.
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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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