Short Interest To Observe: Is Cone Midstream Partners LP (NYSE:CNNX) a Buy? The Stock Reported more Sellers

November 30, 2016 - By kentuckypostne   ·   0 Comments

Short Interest To Observe: Is Cone Midstream Partners LP (NYSE:CNNX) a Buy? The Stock Reported more Sellers

The stock of Cone Midstream Partners LP (NYSE:CNNX) registered an increase of 38.42% in short interest. CNNX’s total short interest was 217,600 shares in November as published by FINRA. Its up 38.42% from 157,200 shares, reported previously. With 179,400 shares average volume, it will take short sellers 1 days to cover their CNNX’s short positions. The short interest to Cone Midstream Partners LP’s float is 1.08%. The stock increased 0.66% or $0.14 on November 29, hitting $21.38. CONE Midstream Partners LP (NYSE:CNNX) has risen 54.03% since April 27, 2016 and is uptrending. It has outperformed by 48.81% the S&P500.

CONE Midstream Partners LP is a master limited partnership formed between CONSOL Energy Inc. and Noble Energy, Inc. (Noble Energy). The company has a market cap of $1.24 billion. The Firm 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. It has a 13.54 P/E ratio. The Company’s divisions include anchor systems, growth systems and additional systems.

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. Goldman Sachs maintained CONE Midstream Partners LP (NYSE:CNNX) on Friday, September 11 with “Neutral” rating. The firm earned “Buy” rating on Wednesday, July 13 by Stifel Nicolaus. The firm has “Outperform” rating by Robert W. Baird given on Friday, October 30. RBC Capital Markets maintained the shares of CNNX in a report on Wednesday, November 4 with “Sector Perform” rating. Credit Suisse downgraded the shares of CNNX in a report on Tuesday, September 13 to “Neutral” rating. Goldman Sachs maintained CONE Midstream Partners LP (NYSE:CNNX) rating on Thursday, May 12. Goldman Sachs has “Neutral” rating and $13 price target. The stock of CONE Midstream Partners LP (NYSE:CNNX) earned “Outperform” rating by RBC Capital Markets on Friday, May 6. As per Wednesday, October 5, the company rating was upgraded by Wells Fargo. The company was initiated on Thursday, September 1 by Janney Capital. The stock of CONE Midstream Partners LP (NYSE:CNNX) earned “Market Perform” rating by Wells Fargo on Friday, January 15.

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.

More important recent CONE Midstream Partners LP (NYSE:CNNX) news were published by: Marketwatch.com which released: “Cone Midstream Partners stock price target raised to $20 from $12 at RBC Capital” on September 24, 2014, also Streetinsider.com published article titled: “CONE Midstream Partners (CNNX) to Acquire Additional 25% Stake in CONE …”, 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: Nasdaq.com and their article: “CONE Midstream Partners LP Reports 20% Advance In Q3 Earnings” with publication date: November 04, 2016.

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