Mid-Con Energy Partners, LP (MCEP) to Issue Quarterly Dividend of $0.04
Mid-Con Energy Partners, LP (NASDAQ:MCEP) declared a quarterly dividend on Thursday, July 27th, Wall Street Journal reports. Investors of record on Monday, August 7th will be given a dividend of 0.043 per share by the oil and gas producer on Monday, August 14th. This represents a $0.17 dividend on an annualized basis and a yield of 13.13%. The ex-dividend date is Thursday, August 3rd.
Mid-Con Energy Partners, (NASDAQ MCEP) remained flat at $1.31 on Thursday. 35,082 shares of the company’s stock were exchanged. Mid-Con Energy Partners, has a one year low of $1.17 and a one year high of $3.37.
Mid-Con Energy Partners, (NASDAQ:MCEP) last announced its quarterly earnings results on Monday, May 1st. The oil and gas producer reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.09. The business had revenue of $18.48 million during the quarter. Mid-Con Energy Partners, had a negative net margin of 29.26% and a negative return on equity of 2.20%. The business’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) EPS. On average, equities research analysts predict that Mid-Con Energy Partners, will post $0.24 EPS for the current year.
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Mid-Con Energy Partners, Company Profile
Mid-Con Energy Partners, LP is engaged in the ownership, acquisition, exploitation and development of producing oil and natural gas properties in North America, with a focus on enhanced oil recovery (EOR). The Company’s properties are located in the Mid-Continent and Permian Basin regions of the United States in over five areas: Southern Oklahoma; Northeastern Oklahoma; parts of Oklahoma, Colorado and Texas within the Hugoton; Texas Gulf Coast, and Texas within the Eastern Shelf of the Permian.
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