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Mid-Con Energy Partners (NASDAQ:MCEP) Director C Fred Ball, Jr. acquired 1,000 shares of the company’s stock on the open market in a transaction dated Friday, June 13th. The stock was purchased at an average price of $21.88 per share, for a total transaction of $21,880.00. Following the completion of the purchase, the director now directly owns 5,725 shares in the company, valued at approximately $125,263. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Mid-Con Energy Partners has an average rating of “Hold” and a consensus target price of $25.14.

Shares of Mid-Con Energy Partners (NASDAQ:MCEP) traded up 1.69% on Monday, hitting $22.29. 115,990 shares of the company’s stock traded hands. Mid-Con Energy Partners has a 52-week low of $20.75 and a 52-week high of $27.05. The stock has a 50-day moving average of $22.08 and a 200-day moving average of $22.54. The company has a market cap of $469.4 million and a price-to-earnings ratio of 16.90.

Mid-Con Energy Partners (NASDAQ:MCEP) last announced its earnings results on Monday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter 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.

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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