Mid-Con Energy Partners LP (MCEP) Trading Up 33.9%
Mid-Con Energy Partners LP (NASDAQ:MCEP)’s share price was up 33.9% during trading on Friday . The company traded as high as $2.64 and last traded at $2.57, with a volume of 789,419 shares traded. The stock had previously closed at $1.92.
A number of equities analysts recently commented on MCEP shares. Zacks Investment Research upgraded shares of Mid-Con Energy Partners from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a research report on Tuesday, July 26th. FBR & Co reiterated a “hold” rating on shares of Mid-Con Energy Partners in a research report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Mid-Con Energy Partners presently has a consensus rating of “Hold” and a consensus price target of $2.00.
The stock’s market cap is $76.88 million. The stock’s 50-day moving average price is $1.84 and its 200-day moving average price is $2.01.
Mid-Con Energy Partners (NASDAQ:MCEP) last posted its quarterly earnings results on Monday, August 1st. The company reported ($0.52) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.65. During the same period in the prior year, the firm posted ($0.26) EPS. The business had revenue of $4.69 million for the quarter, compared to analyst estimates of $20.66 million. Mid-Con Energy Partners’s revenue for the quarter was down 63.2% on a year-over-year basis. On average, equities analysts expect that Mid-Con Energy Partners LP will post $0.27 EPS for the current fiscal year.
In other Mid-Con Energy Partners news, CFO Michael David Peterson sold 26,250 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $2.02, for a total value of $53,025.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Mid-Con Energy Partners, LP is engaged in the ownership, acquisition, exploitation and development of producing oil and natural gas properties in North America, with a focus on enhanced oil recovery (EOR). The Company’s properties are located in the Mid-Continent and Permian Basin regions of the United States in over five areas: Southern Oklahoma; Northeastern Oklahoma; parts of Oklahoma, Colorado and Texas within the Hugoton; Texas Gulf Coast, and Texas within the Eastern Shelf of the Permian.
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