This High-Dividend Stock Yields 9%, Had Record Income And Revenue And Raised Guidance Again

Summary
This stock has a well-covered dividend and yields 9.38%.
It reported record net income and revenue in its most recent quarter.
Management raised EBITDA and cash flow guidance again for the second time in the past four quarters.
This stock looks very undervalued on a 2016 PEG basis and is over 20% below analysts lowest price target.
Looking for deeply undervalued high-dividend stocks? This article will cover a stock which the market has spurned, in spite of the company raising guidance twice in 2015, churning out record revenues and net income, and raising its distributions.
What's the problem? Like many of the energy-related stocks we've covered in our articles, the market has lumped this company in with companies that are struggling to survive. We believe it's mis-priced at current levels, as do the analysts who cover it. (See the analysts section further on this article for details.)

Profile: CONE Midstream Partners LP (NYSE: CNNX) is a fee-based, growth-oriented master limited partnership that owns, operates, develops and acquires natural gas gathering and other midstream energy assets to service rapidly growing 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. CNNX generates all of its revenues under long-term, fixed-fee... Read more