Mid-Con Energy Partners (MCEP) to Release Earnings on Monday
Mid-Con Energy Partners (NASDAQ:MCEP) is scheduled to post its Q114 quarterly earnings results on Monday, May 5th. Analysts expect Mid-Con Energy Partners to post earnings of $0.32 per share and revenue of $21.49 million for the quarter.
Mid-Con Energy Partners (NASDAQ:MCEP) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $0.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.52 by $0.05. The company had revenue of $22.04 million for the quarter, compared to the consensus estimate of $22.02 million. During the same quarter last year, the company posted $0.45 earnings per share. Mid-Con Energy Partners’s revenue was up 27.7% compared to the same quarter last year. On average, analysts expect Mid-Con Energy Partners to post $1.79 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.
Shares of Mid-Con Energy Partners (NASDAQ:MCEP) opened at 23.10 on Friday. Mid-Con Energy Partners has a 52 week low of $21.04 and a 52 week high of $27.05. The stock has a 50-day moving average of $22.36 and a 200-day moving average of $23.09. The company has a market cap of $486.6 million and a P/E ratio of 16.06.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 15th. Investors of record on Thursday, May 8th will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 8.92%. The ex-dividend date is Tuesday, May 6th.
A number of research firms have recently commented on MCEP. Analysts at TheStreet downgraded shares of Mid-Con Energy Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. Finally, analysts at Zacks upgraded shares of Mid-Con Energy Partners from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 5th. They now have a $23.70 price target on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Mid-Con Energy Partners has an average rating of “Buy” and an average price target of $25.57.
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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