Cone Midstream Partners LP Company Profile (NYSE:CNNX)

About Cone Midstream Partners LP (NYSE:CNNX)

Cone Midstream Partners LP logoCONE Midstream Partners LP is a master limited partnership formed by 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 assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities. It operates through three segments: Anchor Systems, Growth Systems and Additional Systems. Its Anchor Systems include developed midstream systems, including its three midstream systems (the McQuay System, the Majorsville System and the Mamont System) and related assets. Its Growth Systems are located in the dry gas regions of its dedicated acreage. Its Additional Systems include various gathering systems located in the wet gas regions of its dedicated acreage.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Natural Gas Pipeline
  • Sub-Industry: N/A
  • Symbol: NYSE:CNNX
  • CUSIP: N/A
  • Web: www.conemidstream.com
Capitalization:
  • Market Cap: $1.07 billion
  • Outstanding Shares: 63,585,000
Average Prices:
  • 50 Day Moving Avg: $19.10
  • 200 Day Moving Avg: $21.11
  • 52 Week Range: $16.71 - $25.56
P/E:
  • Trailing P/E Ratio: 10.30
  • Foreward P/E Ratio: 9.70
  • P/E Growth: 0.85
Sales & Book Value:
  • Annual Revenue: $234.05 million
  • Price / Sales: 4.56
  • Book Value: $5.88 per share
  • Price / Book: 2.85
Dividend:
  • Annual Dividend: $1.17
  • Dividend Yield: 6.4%
Profitability:
  • EBIDTA: $150.9 million
  • Net Margins: 45.95%
  • Return on Equity: 14.15%
  • Return on Assets: 11.74%
Debt:
  • Debt-to-Equity Ratio: 0.22%
  • Current Ratio: 1.41%
  • Quick Ratio: 1.41%
Misc:
  • Average Volume: 141,964 shs.
  • Beta: 1.64
  • Short Ratio: 1.66
 
Frequently Asked Questions for Cone Midstream Partners LP (NYSE:CNNX)

What is Cone Midstream Partners LP's stock symbol?

Cone Midstream Partners LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNNX."

How often does Cone Midstream Partners LP pay dividends? What is the dividend yield for Cone Midstream Partners LP?

Cone Midstream Partners LP declared a quarterly dividend on Tuesday, July 25th. Stockholders of record on Friday, August 4th will be given a dividend of $0.2922 per share on Monday, August 14th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is an increase from Cone Midstream Partners LP's previous quarterly dividend of $0.28. View Cone Midstream Partners LP's Dividend History.

How were Cone Midstream Partners LP's earnings last quarter?

Cone Midstream Partners LP (NYSE:CNNX) issued its quarterly earnings results on Monday, August, 7th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $56.50 million for the quarter, compared to the consensus estimate of $60.15 million. Cone Midstream Partners LP had a return on equity of 14.15% and a net margin of 45.95%. Cone Midstream Partners LP's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. View Cone Midstream Partners LP's Earnings History.

When will Cone Midstream Partners LP make its next earnings announcement?

Cone Midstream Partners LP is scheduled to release their next quarterly earnings announcement on Friday, November, 3rd 2017. View Earnings Estimates for Cone Midstream Partners LP.

Where is Cone Midstream Partners LP's stock going? Where will Cone Midstream Partners LP's stock price be in 2017?

11 analysts have issued 1 year price targets for Cone Midstream Partners LP's shares. Their predictions range from $21.00 to $25.00. On average, they anticipate Cone Midstream Partners LP's share price to reach $22.89 in the next year. View Analyst Ratings for Cone Midstream Partners LP.

Who are some of Cone Midstream Partners LP's key competitors?

Who are Cone Midstream Partners LP's key executives?

Cone Midstream Partners LP's management team includes the folowing people:

  • Stephen W. Johnson, Chairman of the Board of General Partner
  • John T. Lewis, Chief Executive Officer, Director of General Partner
  • Joseph M. Fink, Chief Operating Officer of General Partner
  • Brian Robert Rich, Chief Accounting Officer of General Partner
  • Kirk A A. Moore, General Counsel, Secretary of General Partner
  • David M. Khani, Chief Financial Officer, Director of General Partner
  • John D. Chandler, Director of General Partner
  • Kenneth M. Fisher, Director of General Partner
  • John E. Jackson, Director of General Partner
  • Angela A. Minas, Director of General Partner

Who owns Cone Midstream Partners LP stock?

Cone Midstream Partners LP's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Goldman Sachs Group Inc. (1.42%), Spirit of America Management Corp NY (1.35%), Westwood Holdings Group Inc. (0.91%), Bank of New York Mellon Corp (0.56%), Marshall Wace North America L.P. (0.37%) and Prescott Group Capital Management L.L.C. (0.31%). Company insiders that own Cone Midstream Partners LP stock include Angela A Minas and Brian Robert Rich. View Institutional Ownership Trends for Cone Midstream Partners LP.

Who sold Cone Midstream Partners LP stock? Who is selling Cone Midstream Partners LP stock?

Cone Midstream Partners LP's stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., GSA Capital Partners LLP, Pointe Capital Management LLC, Van ECK Associates Corp, Segment Wealth Management LLC and Nwam LLC. View Insider Buying and Selling for Cone Midstream Partners LP.

Who bought Cone Midstream Partners LP stock? Who is buying Cone Midstream Partners LP stock?

Cone Midstream Partners LP's stock was purchased by a variety of institutional investors in the last quarter, including Marshall Wace North America L.P., Citigroup Inc., Bank of Montreal Can, Castleton Investment Management LLC, HITE Hedge Asset Management LLC, Westwood Holdings Group Inc., River & Mercantile Asset Management LLP and Sei Investments Co.. View Insider Buying and Selling for Cone Midstream Partners LP.

How do I buy Cone Midstream Partners LP stock?

Shares of Cone Midstream Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cone Midstream Partners LP's stock price today?

One share of Cone Midstream Partners LP stock can currently be purchased for approximately $16.78.


MarketBeat Community Rating for Cone Midstream Partners LP (NYSE CNNX)
Community Ranking:  2.1 out of 5 ( )
Outperform Votes:  120 (Vote Outperform)
Underperform Votes:  164 (Vote Underperform)
Total Votes:  284
MarketBeat's community ratings are surveys of what our community members think about Cone Midstream Partners LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Cone Midstream Partners LP (NYSE:CNNX) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 5 Hold Ratings, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.55)
Consensus Price Target: $22.89 (36.41% upside)

Analysts' Ratings History for Cone Midstream Partners LP (NYSE:CNNX)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/11/2017Stifel NicolausReiterated RatingBuy$25.00LowView Rating Details
8/8/2017Bank of America CorporationLower Price TargetNeutral$23.00 -> $21.00LowView Rating Details
7/18/2017Barclays PLCUpgradeEqual Weight -> Overweight$22.00LowView Rating Details
7/14/2017Morgan StanleyLower Price TargetEqual Weight$25.00 -> $24.00LowView Rating Details
5/22/2017Citigroup Inc.UpgradeNeutral -> Buy$25.00 -> $25.00LowView Rating Details
5/8/2017Royal Bank Of CanadaDowngradeOutperform -> Sector Perform$26.00 -> $22.00LowView Rating Details
3/23/2017Johnson RiceInitiated CoverageAccumulateLowView Rating Details
10/5/2016Wells Fargo & CompanyUpgradeMarket Perform -> OutperformN/AView Rating Details
9/13/2016Credit Suisse GroupDowngradeOutperform -> Neutral$21.00 -> $22.00N/AView Rating Details
9/1/2016Janney Montgomery ScottInitiated CoverageBuy -> Buy$22.00 -> $22.00N/AView Rating Details
8/29/2016Robert W. BairdSet Price TargetBuy$23.00N/AView Rating Details
5/31/2016J P Morgan Chase & CoBoost Price TargetNeutral$14.00 -> $16.50N/AView Rating Details
5/12/2016Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$11.00 -> $13.00N/AView Rating Details
(Data available from 8/17/2015 forward)

Earnings

Earnings History for Cone Midstream Partners LP (NYSE:CNNX)
Earnings by Quarter for Cone Midstream Partners LP (NYSE:CNNX)
Earnings History by Quarter for Cone Midstream Partners LP (NYSE CNNX)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/3/2017        
8/7/2017Q2 2017$0.43$0.44$60.15 million$56.50 millionViewListenView Earnings Details
5/4/2017Q1 2017$0.42$0.45$60.28 million$59.00 millionViewListenView Earnings Details
2/16/2017Q4 2016$0.39$0.38$62.48 million$57.83 millionViewN/AView Earnings Details
11/4/2016Q316$0.37$0.40$57.89 million$60.73 millionViewN/AView Earnings Details
8/4/2016Q216$0.36$0.39$60.61 million$58.40 millionViewN/AView Earnings Details
5/5/2016Q116$0.35$0.42$57.60 million$62.30 millionViewN/AView Earnings Details
2/17/2016Q415$0.33$0.38$57.28 million$58.80 millionViewListenView Earnings Details
11/3/2015Q315$0.26$0.33$49.82 million$53.70 millionViewN/AView Earnings Details
8/5/2015Q215$0.26$0.25$43.09 million$47.70 millionViewN/AView Earnings Details
5/11/2015Q1$0.20$0.24$40.50 million$43.20 millionViewListenView Earnings Details
2/26/2015Q414$0.22$0.26$30.62 million$42.40 millionViewN/AView Earnings Details
10/30/2014Q314$0.16$0.33$28.30 million$35.77 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Cone Midstream Partners LP (NYSE:CNNX)
Current Year EPS Consensus Estimate: $1.66 EPS
Next Year EPS Consensus Estimate: $1.73 EPS

Dividends

Current Dividend Information for Cone Midstream Partners LP (NYSE:CNNX)
Most Recent Dividend:8/14/2017
Annual Dividend:$1.17
Dividend Yield:6.97%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:70.06% (Trailing 12 Months of Earnings)
70.48% (Based on This Year's Estimates)
67.63% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Cone Midstream Partners LP (NYSE:CNNX)

Dividend History by Quarter for Cone Midstream Partners LP (NYSE CNNX)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/25/2017quarterly$0.295.77%8/2/20178/4/20178/14/2017
4/21/2017quarterly$0.285.24%5/2/20175/4/20175/15/2017
1/20/2017quarterly$0.274.49%2/2/20172/6/20172/14/2017
10/26/2016quarterly$0.265%11/2/201611/4/201611/14/2016
7/22/2016quarterly$0.255.64%8/2/20168/4/20168/12/2016
4/21/2016quarterly$0.256.88%5/2/20165/4/20165/13/2016
1/25/2016quarterly$0.249.6%2/2/20162/4/20162/12/2016
10/28/2015quarterly$0.239.18%11/5/201511/9/201511/13/2015
7/16/2015quarterly$0.225.12%8/3/20158/5/20158/14/2015
4/23/2015quarterly$0.214.94%5/1/20155/5/20155/15/2015
1/23/2015special$0.212/2/20152/4/20152/13/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Cone Midstream Partners LP (NYSE:CNNX)
Institutional Ownership Percentage: 40.77%
Insider Trades by Quarter for Cone Midstream Partners LP (NYSE:CNNX)
Institutional Ownership by Quarter for Cone Midstream Partners LP (NYSE:CNNX)
Insider Trades by Quarter for Cone Midstream Partners LP (NYSE:CNNX)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/9/2017Brian Robert RichInsiderSell500$23.79$11,895.00View SEC Filing  
12/1/2016Angela A MinasDirectorBuy5,000$22.00$110,000.00View SEC Filing  
3/11/2015John D ChandlerInsiderBuy2,000$19.99$39,980.00View SEC Filing  
9/30/2014Joseph M FinkInsiderBuy1,100$22.00$24,200.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Cone Midstream Partners LP (NYSE:CNNX)
Latest Headlines for Cone Midstream Partners LP (NYSE:CNNX)
Source:
DateHeadline
finance.yahoo.com logoMLP Earnings Wrap-Up for the Week Ended August 11
finance.yahoo.com - August 15 at 6:03 PM
americanbankingnews.com logoCritical Review: TC Pipelines, (TCLP) versus Cone Midstream Partners (NYSE:CNNX)
www.americanbankingnews.com - August 12 at 6:18 PM
americanbankingnews.com logoCone Midstream Partners LP (NYSE:CNNX) Earns "Buy" Rating from Stifel Nicolaus
www.americanbankingnews.com - August 12 at 8:16 AM
finance.yahoo.com logoEdited Transcript of CNNX earnings conference call or presentation 7-Aug-17 3:00pm GMT
finance.yahoo.com - August 8 at 3:50 AM
seekingalpha.com logoCONE Midstream Partners' (CNNX) CEO John Lewis on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - August 7 at 5:48 PM
finance.yahoo.com logoInvestor Network: CONE Midstream Partners LP to Host Earnings Call
finance.yahoo.com - August 7 at 5:48 PM
finance.yahoo.com logoCONE Midstream Reports Second Quarter Results
finance.yahoo.com - August 7 at 5:48 PM
finance.yahoo.com logoCone Midstream Partners posts 2Q profit
finance.yahoo.com - August 7 at 5:48 PM
americanbankingnews.com logoCone Midstream Partners LP (NYSE:CNNX) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS
www.americanbankingnews.com - August 7 at 8:50 AM
americanbankingnews.com logo Brokerages Expect Cone Midstream Partners LP (NYSE:CNNX) Will Post Quarterly Sales of $61.66 Million
www.americanbankingnews.com - August 6 at 7:54 AM
finance.yahoo.com logoCONE Midstream Partners LP breached its 50 day moving average in a Bearish Manner : CNNX-US : August 4, 2017
finance.yahoo.com - August 4 at 5:36 PM
americanbankingnews.com logoTC Pipelines, (TCLP) versus Cone Midstream Partners (CNNX) Head-To-Head Review
www.americanbankingnews.com - August 4 at 10:28 AM
finance.yahoo.com logoCONE Midstream Partners LP – Value Analysis (NYSE:CNNX) : August 4, 2017
finance.yahoo.com - August 3 at 10:16 PM
americanbankingnews.com logoCone Midstream Partners LP (CNNX) Scheduled to Post Quarterly Earnings on Monday
www.americanbankingnews.com - July 31 at 7:17 AM
americanbankingnews.com logoCone Midstream Partners LP (NYSE:CNNX) Lowered to "Sell" at BidaskClub
www.americanbankingnews.com - July 29 at 7:21 PM
americanbankingnews.com logoCone Midstream Partners (NYSE:CNNX) vs. Oneok Partners (OKS) Head-To-Head Comparison
www.americanbankingnews.com - July 29 at 7:28 AM
americanbankingnews.com logoCone Midstream Partners LP (CNNX) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - July 28 at 8:28 AM
nasdaq.com logoCONE Midstream Increases Quarterly Cash Distribution - Nasdaq
www.nasdaq.com - July 25 at 5:21 PM
americanbankingnews.com logoCone Midstream Partners LP (NYSE:CNNX) Announces Quarterly Dividend of $0.29
www.americanbankingnews.com - July 25 at 4:47 PM
finance.yahoo.com logoCONE Midstream Partners LP breached its 50 day moving average in a Bullish Manner : CNNX-US : July 20, 2017
finance.yahoo.com - July 20 at 7:17 PM
streetinsider.com logoBarclays Upgrades CONE Midstream Partners, LP (CNNX) to Overweight - StreetInsider.com
www.streetinsider.com - July 19 at 4:53 AM
americanbankingnews.com logoZacks: Brokerages Expect Cone Midstream Partners LP (NYSE:CNNX) Will Announce Quarterly Sales of $61.66 Million
www.americanbankingnews.com - July 15 at 9:42 AM
streetinsider.com logoCONE Midstream Partners, LP (CNNX) PT Lowered to $24 at Morgan Stanley
www.streetinsider.com - July 15 at 12:22 AM
americanbankingnews.com logoCone Midstream Partners LP (NYSE:CNNX) Price Target Cut to $24.00
www.americanbankingnews.com - July 14 at 3:19 PM
americanbankingnews.com logoCone Midstream Partners LP (CNNX) Expected to Post Earnings of $0.43 Per Share
www.americanbankingnews.com - July 13 at 8:13 AM
americanbankingnews.com logoCone Midstream Partners LP (NYSE:CNNX) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - July 3 at 10:58 AM
americanbankingnews.com logoCone Midstream Partners LP (NYSE:CNNX) Upgraded by BidaskClub to Sell
www.americanbankingnews.com - July 2 at 3:08 PM
seekingalpha.com logoCONE Midstream: Simply Trading Too Cheap Based On Sponsor Fears
seekingalpha.com - July 1 at 5:06 PM
americanbankingnews.com logoCone Midstream Partners LP (CNNX) Expected to Announce Quarterly Sales of $61.66 Million
www.americanbankingnews.com - June 21 at 11:46 AM
americanbankingnews.com logoAntero Midstream Partners (AM) & Cone Midstream Partners (CNNX) Head to Head Analysis
www.americanbankingnews.com - June 20 at 8:44 PM
finance.yahoo.com logoCONE Midstream Partners LP :CNNX-US: Earnings Analysis: Q1, 2017 By the Numbers : June 19, 2017
finance.yahoo.com - June 19 at 7:17 PM
americanbankingnews.com logoCone Midstream Partners LP (CNNX) Rating Lowered to Strong Sell at BidaskClub
www.americanbankingnews.com - June 18 at 12:00 PM
americanbankingnews.com logoCONE Midstream Partners LP (CNNX) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - June 6 at 8:42 AM
americanbankingnews.com logoCONE Midstream Partners LP (CNNX) Downgraded by ValuEngine to "Buy"
www.americanbankingnews.com - June 4 at 10:32 PM
finance.yahoo.com logoCONE Midstream Partners LP breached its 50 day moving average in a Bullish Manner : CNNX-US : June 2, 2017
finance.yahoo.com - June 2 at 5:52 PM
seekingalpha.com logoCONE Midstream Partners LP (CNNX) Presents At Master Limited Partnerships Association 2017 MLP Investor Conference - Slideshow
seekingalpha.com - May 31 at 4:27 PM
americanbankingnews.com logoCONE Midstream Partners LP (CNNX) Upgraded at Citigroup Inc
www.americanbankingnews.com - May 22 at 9:38 AM
finance.yahoo.com logo[$$] Quantum Buys Noble's Stake in Midstream Business for $765 Million
finance.yahoo.com - May 19 at 8:38 AM
finance.yahoo.com logoNoble Energy sells stake in Marcellus midstream MLP for $765M
finance.yahoo.com - May 18 at 11:07 AM
americanbankingnews.com logoCONE Midstream Partners LP (CNNX) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - May 12 at 8:48 AM
americanbankingnews.com logoCONE Midstream Partners LP (CNNX) Upgraded by Zacks Investment Research to "Hold"
www.americanbankingnews.com - May 9 at 9:50 PM
americanbankingnews.com logoRoyal Bank of Canada Downgrades CONE Midstream Partners LP (CNNX) to Sector Perform
www.americanbankingnews.com - May 8 at 1:00 PM
finance.yahoo.com logoCONSOL Energy Inc. -- Moody's upgrades CONSOL Energy to B1
finance.yahoo.com - May 5 at 4:36 PM
finance.yahoo.com logoEdited Transcript of CNNX earnings conference call or presentation 4-May-17 3:00pm GMT
finance.yahoo.com - May 5 at 4:36 PM
americanbankingnews.com logoCONE Midstream Partners LP (CNNX) Issues Quarterly Earnings Results
www.americanbankingnews.com - May 4 at 10:46 PM
nasdaq.com logoCONE Midstream Partners Q1 Profit Rises
www.nasdaq.com - May 4 at 9:35 PM
finance.yahoo.com logoCone Midstream Partners posts 1Q profit
finance.yahoo.com - May 4 at 4:32 PM
americanbankingnews.com logoCONE Midstream Partners LP (CNNX) Downgraded to Hold at Zacks Investment Research
www.americanbankingnews.com - May 4 at 12:58 AM
americanbankingnews.com logoCONE Midstream Partners LP (CNNX) Expected to Announce Quarterly Sales of $61.5 Million
www.americanbankingnews.com - May 3 at 4:40 PM
finance.yahoo.com logoCONE Midstream Partners LP : CNNX-US: Dividend Analysis : May 04th, 2017 (record date) : By the numbers : May 2, 2017
finance.yahoo.com - May 2 at 8:02 PM

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Cone Midstream Partners LP (CNNX) Chart for Thursday, August, 17, 2017

This page was last updated on 8/17/2017 by MarketBeat.com Staff