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 3.14 on Wednesday. The company’s 50-day moving average price is $2.64 and its 200 day moving average price is $2.50. Mid-Con Energy Partners has a one year low of $0.72 and a one year high of $4.05. The firm’s market capitalization is $93.92 million.
Mid-Con Energy Partners (NASDAQ:MCEP) last announced its quarterly earnings data on Monday, August 1st. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.65. Mid-Con Energy Partners had a negative net margin of 141.44% and a positive return on equity of 5.23%. The firm had revenue of $4.69 million for the quarter, compared to analyst estimates of $20.66 million. During the same quarter in the previous year, the company earned ($0.26) EPS. The company’s quarterly revenue was down 63.2% compared to the same quarter last year. On average, analysts forecast that Mid-Con Energy Partners will post ($0.63) earnings per share for the current year.
In other news, Director C Fred Ball, Jr. acquired 40,000 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were purchased at an average price of $2.54 per share, for a total transaction of $101,600.00. Following the completion of the purchase, the director now directly owns 81,310 shares of the company’s stock, valued at approximately $206,527.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.30% of the company’s stock.
An institutional investor recently raised its position in Mid-Con Energy Partners stock. Oppenheimer & Co. Inc. increased its position in Mid-Con Energy Partners LP (NASDAQ:MCEP) by 44.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 516,669 shares of the company’s stock after buying an additional 157,999 shares during the period. Oppenheimer & Co. Inc. owned approximately 1.73% of Mid-Con Energy Partners worth $997,000 at the end of the most recent quarter. 5.22% 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.
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