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Mid-Con Energy Partners (NASDAQ:MCEP)’s share price hit a new 52-week low during mid-day trading on Thursday , American Banking & Market News reports. The stock traded as low as $20.75 and last traded at $21.13, with a volume of 137,703 shares changing hands. The stock had previously closed at $21.14.

A number of research firms have recently commented on MCEP. Analysts at Stephens downgraded shares of Mid-Con Energy Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 29th. They now have a $25.00 price target on the stock, down previously from $27.00. They noted that the move was a valuation call. Separately, analysts at Bank of America initiated coverage on shares of Mid-Con Energy Partners in a research note on Monday, May 5th. They set an “underperform” rating and a $24.00 price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Mid-Con Energy Partners currently has an average rating of “Hold” and an average target price of $25.14.

The stock has a 50-day moving average of $22.30 and a 200-day moving average of $22.58. The company has a market cap of $445.4 million and a P/E ratio of 16.30.

Mid-Con Energy Partners (NASDAQ:MCEP) last announced its earnings results on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.24. The company had revenue of $21.80 million for the quarter, compared to the consensus estimate of $21.49 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts predict that Mid-Con Energy Partners will post $1.51 earnings per share for the current fiscal year.

In other Mid-Con Energy Partners news, Director Cameron O. Smith sold 4,400 shares of Mid-Con Energy Partners stock on the open market in a transaction dated Friday, May 30th. The stock was sold at an average price of $22.26, for a total value of $97,944.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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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