Mid-Con Energy Partners, LP (MCEP) to Release Earnings on Monday
Mid-Con Energy Partners, LP (NASDAQ:MCEP) is scheduled to be posting its quarterly earnings results after the market closes on Monday, October 30th.
Mid-Con Energy Partners, (NASDAQ:MCEP) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.52) earnings per share for the quarter. The business had revenue of $16.50 million for the quarter, compared to analyst estimates of $14.19 million. Mid-Con Energy Partners, had a negative return on equity of 14.91% and a negative net margin of 27.33%. The business’s revenue was up 251.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.52) earnings per share. On average, analysts expect Mid-Con Energy Partners, to post $-0.32 EPS for the current fiscal year and $0.23 EPS for the next fiscal year.
Mid-Con Energy Partners, LP (MCEP) opened at 1.02 on Monday. The company’s 50-day moving average is $1.07 and its 200-day moving average is $1.49. The firm’s market capitalization is $30.69 million. Mid-Con Energy Partners, LP has a 52-week low of $0.92 and a 52-week high of $3.37.
Separately, UBS AG restated a “sell” rating and set a $1.10 target price (down from $1.20) on shares of Mid-Con Energy Partners, in a report on Wednesday, August 9th.
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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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