Zacks Investment Research upgraded shares of Mid-Con Energy Partners LP (NASDAQ:MCEP) from a strong sell rating to a hold rating in a research report report published on Tuesday.
According to Zacks, “Mid-Con Energy Partners LP owns, operates, acquires, exploits and develops producing oil and natural gas properties in North America, with a focus on the Mid-Continent region of the United States. The Company’s core areas of operation are located in Southern Oklahoma, Northeastern Oklahoma and parts of Oklahoma and Colorado within the Hugoton Basin. Mid-Con Energy Partners LP is based in Tulsa, Oklahoma. “
Mid-Con Energy Partners (NASDAQ:MCEP) opened at 2.70 on Tuesday. Mid-Con Energy Partners has a 52 week low of $0.72 and a 52 week high of $4.05. The stock’s 50 day moving average price is $0.00 and its 200-day moving average price is $0.00.
Mid-Con Energy Partners (NASDAQ:MCEP) last issued its quarterly earnings data on Monday, October 31st. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.05. Mid-Con Energy Partners had a positive return on equity of 3.10% and a negative net margin of 116.33%. Analysts expect that Mid-Con Energy Partners will post ($0.69) earnings per share for the current fiscal year.
An institutional investor recently raised its position in Mid-Con Energy Partners stock. Wedbush Securities Inc. increased its position in Mid-Con Energy Partners LP (NASDAQ:MCEP) by 4.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,800 shares of the company’s stock after buying an additional 17,000 shares during the period. Wedbush Securities Inc. owned about 1.21% of Mid-Con Energy Partners worth $1,042,000 at the end of the most recent quarter. 4.71% of the stock is currently owned by institutional investors and hedge funds.
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.