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Midcoast Energy Partners LP (NYSE:MEP) set a new 52-week high during trading hours on Friday, Stock Ratings News reports. The company traded as high as $21.55 and last traded at $21.55, with a volume of 95,384 shares. The stock had previously closed at $20.97.

A number of analysts have recently weighed in on MEP shares. Analysts at Bank of America Corp. initiated coverage on shares of Midcoast Energy Partners LP in a research note to investors on Tuesday, December 17th. They set a “buy” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Midcoast Energy Partners LP in a research note to investors on Tuesday, December 17th. They set an “outperform” rating and a $24.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Midcoast Energy Partners LP presently has an average rating of “Buy” and an average target price of $21.67.

Midcoast Energy Partners LP has a 52-week low of $16.96 and a 52-week high of $21.34. The stock has a 50-day moving average of $20.0 and a 200-day moving average of $19.00.

The company also recently declared a dividend, which is scheduled for Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of 0.1645 per share. The ex-dividend date of this dividend is Wednesday, February 5th.

Midcoast Energy Partners L.P. is a vehicle for owning and growing its natural gas and natural gas liquids, or natural gas liquid (NYSE:MEP), midstream business in the United States.

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