Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Mid-Con Energy Partners, (MCEP) Stock Price
Press coverage about Mid-Con Energy Partners, (NASDAQ:MCEP) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mid-Con Energy Partners, earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 45.994494995052 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Mid-Con Energy Partners, (MCEP) opened at 1.00 on Monday. Mid-Con Energy Partners, has a 52 week low of $0.93 and a 52 week high of $3.37.
Mid-Con Energy Partners, (NASDAQ:MCEP) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.52) earnings per share (EPS) for the quarter. Mid-Con Energy Partners, had a negative net margin of 27.33% and a negative return on equity of 14.91%. The business had revenue of $16.50 million during the quarter, compared to the consensus estimate of $14.19 million. During the same period in the prior year, the firm earned ($0.52) earnings per share. The business’s quarterly revenue was up 251.1% compared to the same quarter last year. Equities research analysts forecast that Mid-Con Energy Partners, will post ($0.28) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a dividend of $0.043 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.17 annualized dividend and a yield of 17.20%.
Separately, UBS AG reissued a “sell” rating and issued a $1.10 price objective (down previously from $1.20) on shares of Mid-Con Energy Partners, in a research report on Wednesday, August 9th.
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About Mid-Con Energy Partners,
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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