Mid-Con Energy Partners Director Cameron O. Smith Sells 1,100 Shares (MCEP)
Mid-Con Energy Partners (NASDAQ:MCEP) Director Cameron O. Smith unloaded 1,100 shares of the company’s stock on the open market in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $22.49, for a total transaction of $24,739.00. Following the sale, the director now directly owns 17,780 shares in the company, valued at approximately $399,872. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.03.
Shares of Mid-Con Energy Partners (NASDAQ:MCEP) traded down 0.22% on Friday, hitting $22.40. The stock had a trading volume of 88,210 shares. Mid-Con Energy Partners has a 52-week low of $20.75 and a 52-week high of $27.05. The stock’s 50-day moving average is $22.93 and its 200-day moving average is $22.62. The company has a market cap of $473.3 million and a price-to-earnings ratio of 23.96.
Mid-Con Energy Partners (NASDAQ:MCEP) last announced its earnings results on Monday, August 4th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.54 earnings per share. Mid-Con Energy Partners’s revenue was down 14.7% compared to the same quarter last year. On average, analysts predict that Mid-Con Energy Partners will post $1.17 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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