Cone Midstream Partners (NYSE:CNNX) Valuation According To Analysts
- by Emilio Sims
- in Money
- — Nov 23, 2016
It provides natural gas gathering, treating and processing services pursuant to long-term and natural gas gathering and processing agreements.
EQT Midstream Partners LP (NYSE:EQM) - Research analysts at US Capital Advisors increased their FY2016 earnings estimates for EQT Midstream Partners in a research report issued to clients and investors on Friday.
A number of other research firms have also issued reports on CNNX. UBS upgraded Magellan Midstream Partners, L.P. (NYSE:MMP) on Wednesday, January 6 to "Buy" rating. Finally, Citigroup Inc. upped their target price on shares of Cone Midstream Partners from $15.00 to $18.50 and gave the company a "neutral" rating in a research report on Monday, August 8th. Finally, Deutsche Bank AG reaffirmed a "buy" rating on shares of EQT Midstream Partners in a research note on Friday, October 14th. Goldman Sachs has "Neutral" rating and $12 price target. They noted that the move was a valuation call.
The buoyancy in the outlook of EnLink Midstream, LLC (ENLC) is getting weaker by the somewhat negative sentiment (3.10 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Hold.
Want to receive stock recommendations on Magellan Midstream Partners L.P. (NYSE:MMP) as well as the latest stock picks before the Street? The firm has a market cap of $5.94 billion, a PE ratio of 14.34 and a beta of 0.94. The recent trading ended with the price almost 15.53 higher for the last 5 trading days, rebounding 204.98% from its 52-week low.
The stock's 50 day moving average is 20.32 and its 200 day moving average is 18.02. Magellan Midstream Partners L.P. makes up approx 1.26% of Ironwood Investment Counsel's portfolio.Sigma Planning Corp boosted its stake in MMP in the latest quarter, The investment management firm added 524 additional shares and now holds a total of 15,623 shares of Magellan Midstream Partners L.P. which is valued at $1,027,837. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. The business earned $85 million during the quarter, compared to analysts' expectations of $90.84 million. Credit Suisse downgraded Enable Midstream Partners LP (NYSE:ENBL) on Wednesday, August 12 to "Neutral" rating. On the other hand, in the June 2016 quarter the company recorded a net $1.03B revenue with earnings per share of $0.01. On average, equities research analysts forecast that Cone Midstream Partners will post $1.56 earnings per share for the current fiscal year. Moreover, Cibc Mkts has 0% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 4,939 shares. The Illinois-based First Tru L P has invested 0.04% in Martin Midstream Partners L.P. (NASDAQ:MMLP). This represents a $1.05 dividend on an annualized basis and a yield of 4.82%. Dominion Midstream Partners's dividend payout ratio is presently 83.19%.
Institutional investors have recently made changes to their positions in the company. Cohen & Steers Inc. now owns 312,085 shares of the company's stock worth $4,865,000 after buying an additional 8,260 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Cone Midstream Partners by 0.5% in the third quarter.
07/23/2015 - D.A. Davidson began new coverage on Antero Midstream Partners LP giving the company a "buy" rating. Steinberg Global Asset Management owns 9,256 shares or 0.12% of their U.S. portfolio.
In other Penntex Midstream Partners news, major shareholder Mrd Midstream Llc sold 2,127,704 shares of the firm's stock in a transaction that occurred on Tuesday, November 1st. Global X Management Co. LLC now owns 632,927 shares of the company's stock worth $11,456,000 after buying an additional 63,264 shares during the last quarter.
09/09/2016 - Antero Midstream Partners LP was upgraded to "buy" by analysts at Tudor Pickering. Its gas gathering and compression assets are located within the dry gas core of the Marcellus Shale and, consists of approximately 3.3 million dekatherms per day (MMDth/d) high-pressure dry gas gathering system and associated compression in Washington County, Pennsylvania, and an approximately 840 thousand dekatherms per day (MDth/d) high-pressure dry gas gathering system in Greene County, Pennsylvania.