CONE Midstream Partners LP(NYSE:CNNX) Declares Dividend of $0.2540.

CONE Midstream Partners LP (NYSE:CNNX) had declared a cash dividend of $0.2540 on Jul 22, 2016. The shares will quote ex-dividend on Aug 2, 2016 and the record date has been fixed for Aug 4, 2016. On Jul 22, 2016 share price, the yield comes out to be 5.8661%. The dividend payable date has been fixed on Aug 12, 2016.

In a different note, Stifel Nicolaus said it Initiates Coverage on CONE Midstream Partners LP, according to a research note issued on Jul 13, 2016. The shares have been rated ‘Buy’ by the firm. On May 31, 2016, JP Morgan said it Maintains its rating on CONE Midstream Partners LP. In the research note, the firm Raises the price-target to $14.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 12, 2016, Goldman Sachs said it Maintains its rating on CONE Midstream Partners LP. In the research note, the firm Raises the price-target to $11.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 6, 2016, RBC Capital said it Upgrades its rating on CONE Midstream Partners LP. The shares have been rated ‘Outperform’ by the firm.

CONE Midstream Partners LP (CNNX) shares turned negative on Thursdays trading session with the shares closing down -0.14 points or -0.79% at a volume of 40,278. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.884. The peak price level was also seen at $17.884 while the days lowest was $17.11. Finally the shares closed at $17.53. The 52-week high of the shares is $18.43 while the 52-week low is $7.55. According to the latest information available, the market cap of the company is $1,023 M.

CONE Midstream Partners LP(CNNX) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $62.25M. Analysts had an estimated revenue of $57.60M. Earnings per share were $0.42. Analysts had estimated an EPS of $0.35.

CONE Midstream Partners LP 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 assets include natural gas gathering pipelines and compression and dehydration facilities as well as condensate gathering collection separation and stabilization facilities. Its midstream assets include anchor systems growth systems and additional systems. The Company operates 11 main facilities to provide its compression and/or dehydration services. The Company’s gathering agreements include acreage totaling approximately 516000 net acres in the Marcellus Shale.

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