Cone Midstream Partners LP (NYSE:CNNX) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Wednesday.

A number of other equities research analysts also recently weighed in on CNNX. Bank of America Corporation cut their price target on Cone Midstream Partners from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday. Barclays PLC raised Cone Midstream Partners from an “equal weight” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Tuesday, July 18th. Citigroup Inc. reaffirmed a “neutral” rating and set a $25.00 price target (up from $21.00) on shares of Cone Midstream Partners in a research note on Tuesday, April 25th. Royal Bank Of Canada downgraded Cone Midstream Partners from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $26.00 to $22.00 in a research note on Monday, May 8th. Finally, Zacks Investment Research downgraded Cone Midstream Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Cone Midstream Partners presently has an average rating of “Hold” and an average price target of $22.78.

Cone Midstream Partners (NYSE CNNX) opened at 17.97 on Wednesday. The company has a 50-day moving average of $19.17 and a 200 day moving average of $21.49. Cone Midstream Partners has a 52 week low of $17.00 and a 52 week high of $25.56. The firm has a market cap of $1.14 billion, a P/E ratio of 11.04 and a beta of 1.64.

Cone Midstream Partners (NYSE:CNNX) last announced its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Cone Midstream Partners had a return on equity of 13.94% and a net margin of 45.95%. The firm had revenue of $56.50 million during the quarter, compared to the consensus estimate of $60.15 million. During the same period in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities analysts predict that Cone Midstream Partners will post $1.69 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Cypress Capital Management LLC WY raised its position in shares of Cone Midstream Partners by 47.5% in the first quarter. Cypress Capital Management LLC WY now owns 6,525 shares of the pipeline company’s stock worth $154,000 after buying an additional 2,100 shares in the last quarter. Ibex Wealth Advisors raised its position in shares of Cone Midstream Partners by 100.0% in the first quarter. Ibex Wealth Advisors now owns 6,956 shares of the pipeline company’s stock worth $161,000 after buying an additional 3,478 shares in the last quarter. Global X Management Co. LLC raised its position 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 worth $144,000 after buying an additional 247 shares in the last quarter. Stifel Financial Corp raised its position in shares of Cone Midstream Partners by 2.3% in the first quarter. Stifel Financial Corp now owns 9,514 shares of the pipeline company’s stock worth $225,000 after buying an additional 211 shares in the last quarter. Finally, Linscomb & Williams Inc. raised its position in shares of Cone Midstream Partners by 0.4% in the first quarter. Linscomb & Williams Inc. now owns 15,060 shares of the pipeline company’s stock worth $356,000 after buying an additional 56 shares in the last quarter. 40.91% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Cone Midstream Partners (NYSE:CNNX)

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