Mid-Con Energy Partners LP (NASDAQ:MCEP) went down by -4.09% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Oil & Gas E&P giant went up by $3.99 to trade ended Wednesday trading at $4.16. This is down from the $4.16 price recorded on Tuesday’s trading session. Its performance from the start of the year has also been negative, with MCEP down by -28.06% year-to-date.
Mid-Con Energy Partners LP (MCEP) started the day trading at $4.06 and recorded an intraday high of $4.37. It also recorded an intraday low of $3.85 during Wednesday’s trading session. Mid-Con Energy Partners LP is a very active stock that recorded a trading volume that is less than -240.09% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 140952, which is less than -240.09 of the total average daily trading volume of 479.36K.
Mid-Con Energy Partners LP (NASDAQ:MCEP) 2020 Performance Impressive
The increase in MCEP’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of MCEP currently stands at $17.00, which is higher than the current trading price of the stock by 76.53%. However, MCEP’s current trading price is -250.0% lower than the 52-week low price of $1.14. In terms of trading volume, Mid-Con Energy Partners LP currently experienced healthy participation during the last trading session. 140952 shares of Mid-Con Energy Partners LP were traded on the stock exchange on Wednesday, which is less than -240.09% of the 479.36K average trading volume of the stock.
The performance of the stock has been positive over the past year. MCEP’s performance over the past one year has seen it plunge by -55.66%, while the stock has gone down by -31.21% in the last six months. The quarterly performance of MCEP currently stands at 28.79%, and it is up by 68.33% in the last month. The only negative figure was from the weekly performance, which currently reads -20.20%. At the time of writing MCEP’s report, the company has a total market cap of $63.32M, making it one of the largest publicly-traded companies in the world.Mid-Con Energy Partners LP also has over 100 employees all over the world.
MCEP Insider Activities
For Mid-Con Energy Partners LP, insiders hold 0.40% of all company shares. The insider transactions over the past six months are down by -152.50%. During that period, insiders bought 0 shares in 0 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at Mid-Con Energy Partners LP now hold 2.77M shares, which is over 4.98% of the total company stocks. Institutional investors currently hold a large chunk of the MCEP shares, as they control 19.35% of the company’s total stock.
MCEP Fundamental Analysis
For Mid-Con Energy Partners LP, the stock’s diluted earnings per share (EPS) stands at -2.50. In the coming year, analysts expect the EPS to be 6.00. The EPS growth will up over the next five years to 1.55% after plunging by -16.80% in the previous five years. In terms of revenue, Mid-Con Energy Partners LP’s quarterly sales (YOY) is growing at 1.60, which is higher than the average annual revenue of -16.80% over the past half a decade.
The gross margin of the company is 57.50%.
MCEP Analysts Prediction
Another analyst that has a Mkt Perform rating for MCEP is FBR Capital, which set a price target of between $6 and $4. Wunderlich reiterate their Hold position on the stock ($4 and $3)
Analysts at RBC Capital Mkts believe that MCEP is Sector Perform, and they have a price target of between $8 and $4. MCEP received a positive rating from Wunderlich, which set a price target of $6.50-$6 for the stock.
MCEP Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of MCEP currently stands at 20.14%, while the SMA50 is 39.35%. The biggest one is the SMA200, which is currently reading -18.48% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 55.72.
