Robert W. Baird restated their buy rating on shares of Cone Midstream Partners LP (NYSE:CNNX) in a research report released on Thursday morning. Robert W. Baird currently has a $24.00 target price on the pipeline company’s stock.

Several other brokerages have also issued reports on CNNX. ValuEngine lowered shares of Cone Midstream Partners from a strong-buy rating to a buy rating in a research report on Friday, June 2nd. BidaskClub lowered shares of Cone Midstream Partners from a sell rating to a strong sell rating in a research report on Tuesday, June 13th. Barclays PLC upgraded shares of Cone Midstream Partners from an equal weight rating to an overweight rating and set a $22.00 target price for the company in a research report on Tuesday, July 18th. Morgan Stanley cut their target price on shares of Cone Midstream Partners from $25.00 to $24.00 and set an equal weight rating for the company in a research report on Friday, July 14th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $25.00 target price on shares of Cone Midstream Partners in a research report on Friday, August 11th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $23.38.

Cone Midstream Partners (NYSE:CNNX) traded down 0.12% during trading on Thursday, reaching $17.30. The company’s stock had a trading volume of 34,415 shares. The stock’s 50 day moving average is $17.69 and its 200 day moving average is $20.06. Cone Midstream Partners has a 12 month low of $16.24 and a 12 month high of $25.56. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 10.34 and a beta of 1.67.

Cone Midstream Partners (NYSE:CNNX) last released its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $56.50 million for the quarter, compared to analysts’ expectations of $60.15 million. Cone Midstream Partners had a net margin of 45.95% and a return on equity of 14.15%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. On average, equities analysts expect that Cone Midstream Partners will post $1.72 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. boosted its position in Cone Midstream Partners by 0.3% during the second quarter. Alps Advisors Inc. now owns 22,587 shares of the pipeline company’s stock valued at $428,000 after buying an additional 58 shares during the period. Linscomb & Williams Inc. boosted its position in Cone Midstream Partners by 0.4% during the second quarter. Linscomb & Williams Inc. now owns 15,125 shares of the pipeline company’s stock valued at $287,000 after buying an additional 65 shares during the period. Chicago Partners Investment Group LLC boosted its position in Cone Midstream Partners by 0.4% during the first quarter. Chicago Partners Investment Group LLC now owns 18,172 shares of the pipeline company’s stock valued at $429,000 after buying an additional 72 shares during the period. CNH Partners LLC boosted its position in Cone Midstream Partners by 1.2% during the second quarter. CNH Partners LLC now owns 16,600 shares of the pipeline company’s stock valued at $315,000 after buying an additional 200 shares during the period. Finally, Stifel Financial Corp boosted its position in Cone Midstream Partners by 2.3% during the first quarter. Stifel Financial Corp now owns 9,514 shares of the pipeline company’s stock valued at $225,000 after buying an additional 211 shares during the period. Institutional investors and hedge funds own 36.98% of the company’s stock.

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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