The stock of CONE Midstream Partners LP (NYSE:CNNX) is a huge mover today! About 112,564 shares traded hands. CONE Midstream Partners LP (NYSE:CNNX) has risen 64.31% since April 14, 2016 and is uptrending. It has outperformed by 59.62% the S&P500.
The move comes after 7 months positive chart setup for the $1.34B company. It was reported on Nov, 16 by Barchart.com. We have $36.46 PT which if reached, will make NYSE:CNNX worth $844.20 million more.
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 Thursday, May 12, the company rating was maintained by Goldman Sachs. The company was maintained on Thursday, February 18 by RBC Capital Markets. The firm has “Outperform” rating given on Wednesday, October 5 by Wells Fargo. On Friday, October 30 the stock rating was upgraded by Robert W. Baird to “Outperform”. The firm has “Buy” rating by Janney Capital given on Thursday, September 1. On Monday, January 18 the stock rating was downgraded by Wells Fargo to “Market Perform”. The stock of CONE Midstream Partners LP (NYSE:CNNX) has “Neutral” rating given on Tuesday, September 13 by Credit Suisse. The rating was downgraded by Wells Fargo on Friday, January 15 to “Market Perform”. As per Tuesday, August 11, the company rating was downgraded by Robert W. Baird. The stock has “Neutral” rating given by JP Morgan on Tuesday, May 31.
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: Streetinsider.com which released: “CONE Midstream Partners (CNNX) to Acquire Additional 25% Stake in CONE …” on November 16, 2016, also Nasdaq.com published article titled: “CONE Midstream Partners LP Reports 20% Advance In Q3 Earnings”, Finance.Yahoo.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’ (CNNX) CEO John Lewis on Q2 2016 Results – Earnings …” with publication date: August 07, 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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