Mid-Con Energy Partners Rating Increased to Neutral at Zacks (MCEP)
Mid-Con Energy Partners (NASDAQ:MCEP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a $23.70 price objective on the stock. Zacks‘ price target indicates a potential upside of 2.46% from the stock’s previous close.
Mid-Con Energy Partners (NASDAQ:MCEP) traded down 3.72% on Wednesday, hitting $22.27. 45,592 shares of the company’s stock traded hands. Mid-Con Energy Partners has a one year low of $21.04 and a one year high of $27.05. The stock’s 50-day moving average is $22.79 and its 200-day moving average is $23.47. The company has a market cap of $429.5 million and a price-to-earnings ratio of 17.90.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 14th. Investors of record on Friday, February 7th will be paid a dividend of 0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 8.91%. The ex-dividend date is Wednesday, February 5th.
Mid-Con Energy Partners, LP is engaged in the acquisition, development and production of oil and natural gas properties in the Mid-Continent region of the United States.
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