The stock of Mid-Con Energy Partners LP (NASDAQ:MCEP) is a huge mover today! Mid-Con Energy Partners LP (NASDAQ:MCEP) has declined 5.48% since April 5, 2016 and is downtrending. It has underperformed by 7.44% the S&P500.
The move comes after 7 months positive chart setup for the $71.42M company. It was reported on Nov, 7 by Barchart.com. We have $3.28 PT which if reached, will make NASDAQ:MCEP worth $25.71M more.
Mid-Con Energy Partners LP (NASDAQ:MCEP) Ratings Coverage
Out of 6 analysts covering Mid-Con Energy Partners LP (NASDAQ:MCEP), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. Mid-Con Energy Partners LP has been the topic of 10 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Mid-Con Energy Partners LP (NASDAQ:MCEP) earned “Buy” rating by UBS on Thursday, August 20. On Wednesday, August 5 the stock rating was downgraded by Raymond James to “Underperform”. The rating was maintained by Oppenheimer on Wednesday, August 5 with “Hold”. The firm has “Underperform” rating by Wells Fargo given on Thursday, February 18. The company was maintained on Tuesday, August 4 by RBC Capital Markets. The stock of Mid-Con Energy Partners LP (NASDAQ:MCEP) has “Mkt Perform” rating given on Monday, October 12 by FBR Capital. As per Friday, October 23, the company rating was downgraded by Ladenburg Thalmann. Wunderlich maintained Mid-Con Energy Partners LP (NASDAQ:MCEP) on Tuesday, September 22 with “Hold” rating.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.33, from 0.67 in 2016Q1. The ratio improved, as 10 funds sold all Mid-Con Energy Partners LP shares owned while 4 reduced positions. 7 funds bought stakes while 7 increased positions. They now own 1.42 million shares or 29.51% more from 1.10 million shares in 2016Q1.
Jpmorgan Chase And holds 0% of its portfolio in Mid-Con Energy Partners LP (NASDAQ:MCEP) for 25,631 shares. Ladenburg Thalmann Financial accumulated 0% or 2,800 shares. Creative Planning, a Kansas-based fund reported 3,116 shares. Deutsche Bank Ag holds 0% of its portfolio in Mid-Con Energy Partners LP (NASDAQ:MCEP) for 54,405 shares. Morgan Stanley holds 0% or 163,221 shares in its portfolio. Citigroup Inc holds 0% of its portfolio in Mid-Con Energy Partners LP (NASDAQ:MCEP) for 87 shares. Commercial Bank Of America De holds 2,300 shares or 0% of its portfolio. Farmers & Merchants Invs Incorporated holds 1,000 shares or 0% of its portfolio. Spot Trading Ltd Liability Company has 6,199 shares for 0% of their US portfolio. Advisory Services Ltd has invested 0% of its portfolio in Mid-Con Energy Partners LP (NASDAQ:MCEP). Moreover, Raymond James And has 0% invested in Mid-Con Energy Partners LP (NASDAQ:MCEP) for 41,728 shares. Guggenheim Capital Llc accumulated 39,299 shares or 0% of the stock. Huntington Financial Bank accumulated 0.01% or 61,246 shares. Wells Fargo & Comm Mn holds 36,063 shares or 0% of its portfolio. The Pennsylvania-based Tfs Cap Limited Liability Co has invested 0.01% in Mid-Con Energy Partners LP (NASDAQ:MCEP).
Insider Transactions: Since June 15, 2016, the stock had 1 buying transaction, and 1 sale for $48,623 net activity. Another trade for 26,250 shares valued at $53,025 was made by Peterson Michael David on Wednesday, June 15. The insider BALL C FRED JR bought $101,648.
More notable recent Mid-Con Energy Partners LP (NASDAQ:MCEP) news were published by: Marketwatch.com which released: “Mid-Con Energy Partners LP” on December 15, 2011, also Globenewswire.com with their article: “Mid-Con Energy Partners, LP Announces Quarterly Distribution on Preferred Units” published on October 27, 2016, Globenewswire.com published: “Mid-Con Energy Partners, LP Schedules Third Quarter 2016 Earnings Release and …” on October 24, 2016. More interesting news about Mid-Con Energy Partners LP (NASDAQ:MCEP) were released by: Globenewswire.com and their article: “Mid-Con Energy Partners, LP Announces Closing of Permian Acquisition …” published on August 11, 2016 as well as Globenewswire.com‘s news article titled: “Mid-Con Energy Partners, LP Closes Hugoton Asset Divestiture” with publication date: July 28, 2016.
MCEP Company Profile
Mid-Con Energy Partners, LP, incorporated on July 27, 2011, 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. The Firm operates approximately 100% of its properties, as calculated on a barrel of oil equivalent (Boe) basis, through its affiliate, Mid-Con Energy Operating, LLC (Mid-Con Energy Operating). The Firm creates and manages the development, recompletion or work-over for all of the wells it operates and supervises operation and maintenance activities. Mid-Con Energy Operating provides the Company with management, administrative and operational services under a services agreement.
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