Mid-Con Energy Partners, (MCEP) Receiving Somewhat Favorable News Coverage, Analysis Finds
News articles about Mid-Con Energy Partners, (NASDAQ:MCEP) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mid-Con Energy Partners, earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the oil and gas producer an impact score of 45.656575217005 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Mid-Con Energy Partners, (NASDAQ MCEP) traded up 1.00% on Friday, hitting $1.01. The stock had a trading volume of 4,614 shares. Mid-Con Energy Partners, has a 52-week low of $0.92 and a 52-week high of $3.37. The firm’s 50-day moving average is $1.07 and its 200-day moving average is $1.50. The company’s market cap is $30.39 million.
Mid-Con Energy Partners, (NASDAQ:MCEP) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.52) earnings per share (EPS) for the quarter. The company had revenue of $16.50 million during the quarter, compared to analysts’ expectations of $14.19 million. Mid-Con Energy Partners, had a negative net margin of 27.33% and a negative return on equity of 14.91%. The company’s revenue for the quarter was up 251.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.52) earnings per share. Equities research analysts anticipate that Mid-Con Energy Partners, will post ($0.32) earnings per share for the current fiscal year.
Separately, UBS AG reissued a “sell” rating and issued a $1.10 price target (down 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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