Today’s Stock On Watch: CONE Midstream Partners LP Can’t Be More Risky. Trades Sigfnicicantly Lower

Today's Stock On Watch: CONE Midstream Partners LP Can't Be More Risky. Trades Sigfnicicantly Lower

The stock of CONE Midstream Partners LP (NYSE:CNNX) is a huge mover today! The stock decreased 5.27% or $1.13 on November 4, hitting $20.31. About 331,846 shares traded hands or 122.69% up from the average. CONE Midstream Partners LP (NYSE:CNNX) has risen 68.93% since April 4, 2016 and is uptrending. It has outperformed by 67.84% the S&P500.
The move comes after 8 months negative chart setup for the $1.18B company. It was reported on Nov, 4 by Barchart.com. We have $18.48 PT which if reached, will make NYSE:CNNX worth $106.20 million less.

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. As per Monday, January 18, the company rating was downgraded by Wells Fargo. The company was maintained on Wednesday, November 4 by RBC Capital Markets. The stock has “Neutral” rating given by JP Morgan on Tuesday, May 31. The stock of CONE Midstream Partners LP (NYSE:CNNX) earned “Buy” rating by Janney Capital on Thursday, September 1. As per Friday, January 15, the company rating was downgraded by Wells Fargo. The firm has “Outperform” rating given on Friday, October 30 by Robert W. Baird. The firm has “Neutral” rating by Goldman Sachs given on Friday, September 11. The stock of CONE Midstream Partners LP (NYSE:CNNX) earned “Neutral” rating by Credit Suisse on Tuesday, September 13. 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 stock of CONE Midstream Partners LP (NYSE:CNNX) has “Neutral” rating given on Wednesday, March 30 by JP Morgan.

According to Zacks Investment Research, “CONE Midstream Partners LP owns, operates, develops and acquires natural gas gathering and other midstream energy assets. The Company’s initial assets include natural gas gathering pipelines and compression and dehydration facilities, condensate gathering, collection, separation and stabilization facilities. CONE Midstream Partners LP is based in Canonsburg, Pennsylvania.”

More important recent CONE Midstream Partners LP (NYSE:CNNX) news were published by: Nasdaq.com which released: “CONE Midstream Partners LP Reports 20% Advance In Q3 Earnings” on November 04, 2016, also Streetinsider.com published article titled: “CONE Midstream Partners (CNNX) Comments on CONSOL Energy, Noble Energy …”, Seekingalpha.com published: “CONE Midstream Partners’ (CNNX) CEO John Lewis on Q2 2016 Results – Earnings …” on August 07, 2016. More interesting news about CONE Midstream Partners LP (NYSE:CNNX) was released by: Zacks.com and their article: “CONE Midstream Partners (CNNX) in Focus: Stock Rises 6.8%” with publication date: October 24, 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.

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