Midcoast Energy Partners (MEP) Given Daily Coverage Optimism Rating of 0.29
Media stories about Midcoast Energy Partners (NYSE:MEP) have been trending positive this week, AlphaOne Sentiment Analysis reports. The research group, a division of Accern, scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Midcoast Energy Partners earned a daily sentiment score of 0.29 on AlphaOne’s scale. AlphaOne also assigned press coverage about the oil and gas producer an impact score of 93 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Alpha One’s analysis:
- MIDCOAST ENERGY PARTNERS, L.P. (NYSE:MEP) Files An 8-K Completion of Acquisition or Disposition of Assets (4-traders.com)
- The Enbridge Energy, LP (EEP) Price Target Cut to $20.00 (joshnaijablog.com)
- What Makes Midcoast Energy Partners LP (MEP) A Financially Strong Company, Is It Really? (simplywall.st)
- Midcoast Energy Partners (MEP) Earning Somewhat Favorable News Coverage, Analysis Finds (americanbankingnews.com)
- Midcoast Energy Partners LP (MEP) Expected to Post Earnings of -$0.25 Per Share (americanbankingnews.com)
MEP has been the subject of several analyst reports. Credit Suisse Group AG raised shares of Midcoast Energy Partners from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $6.00 to $8.00 in a report on Monday, January 30th. Zacks Investment Research cut shares of Midcoast Energy Partners from a “hold” rating to a “sell” rating in a report on Thursday, February 2nd.
Shares of Midcoast Energy Partners (NYSE:MEP) remained flat at $7.95 on Tuesday. The company has a 50-day moving average price of $7.97 and a 200 day moving average price of $7.68. Midcoast Energy Partners has a 52-week low of $5.30 and a 52-week high of $9.89.
Midcoast Energy Partners (NYSE:MEP) last released its earnings results on Wednesday, February 15th. The oil and gas producer reported ($0.19) EPS for the quarter, hitting analysts’ consensus estimates of ($0.19). Midcoast Energy Partners had a negative net margin of 4.29% and a negative return on equity of 0.67%. The business had revenue of $620.50 million for the quarter, compared to the consensus estimate of $541.74 million. During the same period in the previous year, the firm earned ($0.04) EPS. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities analysts anticipate that Midcoast Energy Partners will post ($1.15) EPS for the current year.
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Midcoast Energy Partners Company Profile
Midcoast Energy Partners, L.P. (MEP) is a limited partnership company that is engaged in the natural gas and natural gas liquids (NGL) midstream business. It operates through two segments: Gathering, Processing and Transportation, and Logistics and Marketing. It also provides marketing services of natural gas and NGLs to wholesale customers.
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