Mid-Con Energy Partners (MCEP) Set to Announce Earnings on Monday
Mid-Con Energy Partners (NASDAQ:MCEP) is scheduled to release its Q214 earnings data on Monday, August 4th. Analysts expect Mid-Con Energy Partners to post earnings of $0.44 per share and revenue of $23.34 million for the quarter.
Mid-Con Energy Partners (NASDAQ:MCEP) opened at 22.94 on Friday. Mid-Con Energy Partners has a 1-year low of $20.75 and a 1-year high of $27.05. The stock has a 50-day moving average of $23.08 and a 200-day moving average of $22.69. The company has a market cap of $483.1 million and a price-to-earnings ratio of 18.25.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 11th. Investors of record on Monday, August 4th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 8.98%. The ex-dividend date of this dividend is Thursday, July 31st.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Mid-Con Energy Partners from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $26.10 price target on the stock. On the ratings front, 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. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.62.
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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