CONE Midstream Partners LP (NYSE:CNNX) has been upgraded to Outperform in a statement by Wells Fargo & Co. today.
- Updated: October 4, 2016
Just yesterday CONE Midstream Partners LP (NYSE:CNNX) traded 1.53% higher at $18.30. CONE Midstream Partners LP’s 50-day moving average is $18.37 and its 200-day moving average is $16.27. The last stock price is up 14.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,747 shares of the stock were exchanged, down from an average trading volume of 96,449
Wells Fargo & Co. has upgraded CONE Midstream Partners LP (NYSE:CNNX) to Outperform in a report released on 10/5/2016.
On Tuesday October 04, 2016, Zacks Investment Research released a statement for CONE Midstream Partners LP (NYSE:CNNX) raised the target price from $0.00 to $21.00. At the time, this indicated a possible upside of 0.15%.
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CONE Midstream Partners LP has a 52 week low of $7.55 and a 52 week high of $19.86 with a P/E ratio of 12.27 The company’s market cap is currently $0.
Also covering CONE Midstream Partners LP's target, a total of 9 equity analysts have released a ratings update on CNNX. The one year target is $15.56 with one equity analyst rating the company a strong buy, one equity analyst rating the company a buy, seven brokerages rating the company a hold, zero brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For CONE Midstream Partners LP (NYSE:CNNX)
CONE Midstream Partners LP is a master limited partnership formed between 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. Its segments include anchor systems, growth systems and additional systems. Its anchor systems comprise over three primary midstream systems, which are the McQuay System, the Majorsville System and the Mamont System, and related assets. Its growth systems comprise over three midstream systems, which are the Fink System, the Tygart Valley system and the Tygart Valley West System, and related assets. Its additional systems comprise various midstream systems and related assets located in the wet gas regions of its acreage. Its assets include natural gas gathering pipelines, and compression and dehydration facilities.
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