Dividend of The Day: Can Cone Midstream Partners LP (NYSE:CNNX) truly back claims of $0.26 dividends by Nov 14, 2016?

Dividend of The Day: Can Cone Midstream Partners LP (NYSE:CNNX) truly back claims of $0.26 dividends by Nov 14, 2016?

Cone Midstream Partners LP (NYSE:CNNX) is expected to pay $0.26 on Nov 14, 2016. The indicated annual dividend is $1.05. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Cone Midstream Partners LP’s current price of $21.11, the dividend is 1.25%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 27, 2016. The stock increased 1.25% or $0.26 on October 31, hitting $21.11. CONE Midstream Partners LP (NYSE:CNNX) has risen 67.27% since March 30, 2016 and is uptrending. It has outperformed by 64.26% the S&P500.

CONE Midstream Partners LP is a master limited partnership formed between CONSOL Energy Inc. and Noble Energy, Inc. (Noble Energy). The company has a market cap of $1.25 billion. The Firm 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. It has a 13.95 P/E ratio. The Company’s divisions include anchor systems, growth systems and additional systems.

CONE Midstream Partners LP (NYSE:CNNX) Ratings Coverage

Out of 9 analysts covering CONE Midstream Partners LP (NYSE:CNNX), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. CONE Midstream Partners LP has been the topic of 21 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained it with “Neutral” rating and $13 target price in Thursday, May 12 report. The firm has “Neutral” rating given on Wednesday, March 30 by JP Morgan. The stock of CONE Midstream Partners LP (NYSE:CNNX) earned “Outperform” rating by Wells Fargo on Wednesday, October 5. The firm has “Neutral” rating given on Tuesday, September 13 by Credit Suisse. The firm has “Market Perform” rating by Wells Fargo given on Monday, January 18. Robert W. Baird downgraded CONE Midstream Partners LP (NYSE:CNNX) rating on Tuesday, August 11. Robert W. Baird has “Outperform” rating and $15 price target. The rating was maintained by RBC Capital Markets on Wednesday, November 4 with “Sector Perform”. On Wednesday, July 13 the stock rating was initiated by Stifel Nicolaus with “Buy”. RBC Capital Markets upgraded the stock to “Outperform” rating in Friday, May 6 report. The firm has “Market Perform” rating given on Friday, January 15 by Wells Fargo.

More important recent CONE Midstream Partners LP (NYSE:CNNX) news were published by: Streetinsider.com which released: “CONE Midstream Partners (CNNX) Comments on CONSOL Energy, Noble Energy …” on October 31, 2016, also Seekingalpha.com published article titled: “CONE Midstream Partners’ (CNNX) CEO John Lewis on Q2 2016 Results – Earnings …”, Zacks.com published: “CONE Midstream Partners (CNNX) in Focus: Stock Rises 6.8%” on October 24, 2016. More interesting news about CONE Midstream Partners LP (NYSE:CNNX) was released by: Seekingalpha.com and their article: “CONE Midstream Partners: A Marcellus/Utica Gas-Gathering Driven MLP” with publication date: February 03, 2016.

CNNX Company Profile

CONE Midstream Partners LP, incorporated on May 30, 2014, is a master limited partnership formed between CONSOL Energy Inc. (CONSOL) and Noble Energy, Inc. (Noble Energy). The Company’s partnership is formed to own, operate, develop and acquire 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. The Company’s divisions include anchor systems, growth systems and additional systems. The Company’s anchor systems comprise over three primary midstream systems, which are the McQuay System, the Majorsville System and the Mamont System, and related assets. CONSOL is a Pittsburgh energy firm with a focus on natural gas exploration, development and production and coal production. Noble Energy is an independent oil and natural gas exploration and production firm with a diverse resource base. The Company’s assets include natural gas gathering pipelines, and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment