Mid-Con Energy Partners (MCEP) Hits New 1-Year Low at $0.96

Mid-Con Energy Partners LP (NASDAQ:MCEP)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $0.96 and last traded at $0.97, with a volume of 76875 shares traded. The stock had previously closed at $0.99.

Separately, ValuEngine cut shares of Mid-Con Energy Partners from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd.

The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.56 and a current ratio of 0.56.

Mid-Con Energy Partners (NASDAQ:MCEP) last issued its earnings results on Monday, November 5th. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter. Mid-Con Energy Partners had a negative return on equity of 28.43% and a negative net margin of 69.81%. The business had revenue of $13.11 million during the quarter.

In other Mid-Con Energy Partners news, CFO Philip R. Houchin bought 25,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were purchased at an average price of $1.05 per share, with a total value of $26,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.30% of the company’s stock.

A hedge fund recently raised its stake in Mid-Con Energy Partners stock. RR Advisors LLC grew its holdings in shares of Mid-Con Energy Partners LP (NASDAQ:MCEP) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,901,000 shares of the oil and gas producer’s stock after buying an additional 143,000 shares during the period. Mid-Con Energy Partners accounts for about 0.4% of RR Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. RR Advisors LLC owned 9.57% of Mid-Con Energy Partners worth $4,381,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 11.75% of the company’s stock.

WARNING: This piece of content was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2018/12/08/mid-con-energy-partners-mcep-hits-new-1-year-low-at-0-96.html.

About Mid-Con Energy Partners (NASDAQ:MCEP)

Mid-Con Energy Partners, LP engages in the ownership, acquisition, and development of producing oil and natural gas properties in North America. The company's properties are primarily located in the Mid-Continent and Permian Basin regions of the United States in Oklahoma and Texas. As of December 31, 2017, its total estimated proved reserves of approximately 19.6 million barrel of oil equivalent.

Featured Story: What are municipal bonds?

Receive News & Ratings for Mid-Con Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-Con Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply