Wells Fargo upgraded Cone Midstream Partners (NYSE:CNNX) from Market Perform to Outperform in a statement released earlier today.
- Updated: October 5, 2016
Having a price of $18.30, Cone Midstream Partners (NYSE:CNNX) traded 1.53% higher on the day. With the last close up 14.19% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. CNNX has recorded a 50-day moving average of $18.37 and a 200-day moving average of $16.27. 4,747 shares of the stock were exchanged, down from an average trading volume of 96,449
Wells Fargo has upgraded Cone Midstream Partners (NYSE:CNNX) from Market Perform to Outperform in a report released on Wednesday October 05, 2016.
Previously on 10/04/2016, Zacks Investment Research reported about Cone Midstream Partners (NYSE:CNNX) increased the target price from $0.00 to $21.00 that suggested an upside of 0.15%.
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Cone Midstream Partners 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's target, a total of 9 equity analysts have released a research note 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 equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About Cone Midstream Partners (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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