Mid-Con Energy Partners Director Robert W. Berry Acquires 1,308 Shares (MCEP)
Mid-Con Energy Partners (NASDAQ:MCEP) Director Robert W. Berry acquired 1,308 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The shares were purchased at an average price of $21.90 per share, for a total transaction of $28,645.20. Following the transaction, the director now directly owns 17,423 shares of the company’s stock, valued at approximately $381,564. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Mid-Con Energy Partners (NASDAQ:MCEP) traded up 0.10% on Thursday, hitting $22.0624. The stock had a trading volume of 14,723 shares. Mid-Con Energy Partners has a 1-year low of $20.75 and a 1-year high of $27.05. The stock’s 50-day moving average is $23.0 and its 200-day moving average is $22.65. The company has a market cap of $466.1 million and a P/E ratio of 23.52.
Mid-Con Energy Partners (NASDAQ:MCEP) last released its earnings data on Monday, August 4th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.26. The company had revenue of $22.26 million for the quarter, compared to the consensus estimate of $23.34 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 14.7% on a year-over-year basis. On average, analysts predict that Mid-Con Energy Partners will post $1.17 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MCEP shares. 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. 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $25.03.
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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