Insider Selling: Cameron O. Smith Unloads 1,100 Shares of Mid-Con Energy Partners Stock (MCEP)
Mid-Con Energy Partners (NASDAQ:MCEP) Director Cameron O. Smith unloaded 1,100 shares of the stock on the open market in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $22.73, for a total value of $25,003.00. Following the completion of the sale, the director now directly owns 16,680 shares of the company’s stock, valued at approximately $379,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.03.
Mid-Con Energy Partners (NASDAQ:MCEP) traded up 0.63% during mid-day trading on Tuesday, hitting $22.52. The stock had a trading volume of 126,776 shares. 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 $22.91 and a 200-day moving average of $22.62. The company has a market cap of $475.8 million and a P/E ratio of 23.88.
Mid-Con Energy Partners (NASDAQ:MCEP) last released its earnings data 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. Analysts expect that Mid-Con Energy Partners will post $1.17 EPS 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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