MCEP stock: buy or sell?

MCEP stock price: $0.14 -6.67% At close on April 6th, 2020

Updated on:
April 6th, 2020

1

After boosting an amazing 6.67% on Friday, Mid-Con Energy Partners, LP closed today at $0.14 and plunged a chilling -6.67%.

Mid-Con Energy Partners, LP acquires, exploits, and develops producing oil and natural gas properties. Its properties are primarily located in the Mid-Continent and Permian Basin regions of the United States in principal areas, such as Southern Oklahoma, Northeastern Oklahoma, and Texas within the Eastern Shelf of the Permian.

Should I buy MCEP stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Mid-Con Energy Partners, LP stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Mid-Con Energy Partners, LP stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for MCEP stock for the last month.

MCEP stock analysis

Daily outlook

After boosting an amazing 6.67% on Friday, Mid-Con Energy Partners, LP closed today at $0.14 and plunged a chilling -6.67%.

After boosting an amazing 6.67% on Friday, Mid-Con Energy Partners, LP closed today at $0.14 and plunged a chilling -6.67%.

MCEP stock chart (daily)

Weekly outlook

After boosting a super good 13.33% in a week last week, Mid-Con Energy Partners, LP closed this week at $0.14 and plummed a bloodcurdling -6.67%.

Once Mid-Con Energy Partners, LP shares failed to resist above the support, it inescapably slid deeper. Since mid January, when MCEP stock price broke down the 10-weeks moving avarage line, it slid $-0.16 per share (-53.33%).

MCEP stock chart (weekly)

MCEP stock price history

MCEP IPO was on December 15th, 2011 at $12.78 per share1. Since then, MCEP stock lost a -98.90%, with a yearly average of -12.40%.

1: Adjusted price after possible price splits or reverse-splits.

MCEP stock historical price chart

MCEP stock reached 52-week highs at $0.87, and all-time highs 2013-10-21 with a price of 22.23.

MCEP stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' MCEP stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not found any price prediction for Mid-Con Energy Partners, LP stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, when Mid-Con Energy Partners, LP presented its last earnings report, it . As soon as we get its posted EPS from the earnings report, we will extend this review.
MCEP earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.09n/a
2017-Q2-n/a0.07n/a
2017-Q32017-11-140.01-0.29n/a
2017-Q42018-02-28n/a-0.3n/a
2018-Q12018-05-02n/a-0.08n/a
2018-Q22018-07-31n/a-0.23n/a
2018-Q32018-11-05n/a-0.14n/a
2018-Q42019-03-12n/a0.43n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw an extraordinary increase of 27.73% to $72.79 M dollars. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) climbed a 22.89% to -25.08%.

MCEP annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$86 M-$28 M32.3%-
2014$97 M13.03%$22 M23.2%-18.71%
2015$74 M-23.73%$-95.50 M-129.2%-524.57%
2016$56 M-24.10%$-24.81 M-44.2%-74.02%
2017$57 M1.58%$-27.33 M-48.0%10.15%
2018$73 M27.73%$-18.25 M-25.1%-33.22%

Quarterly financial results

Mid-Con Energy Partners, LP reported $41.66 million in revenues for 2018-Q4, a 217.81% improvement compared to previous quarter. Reported quarter income marked $2.37 million with a profit margin of 5.69%. Profit margin climbed a 31.24% compared to previous quarter when profit margin was -25.55%. When comparing sales to same quarter last year, Mid-Con Energy Partners, LP sales marked an exceptional increase and boosted a 226.64%. Looking back to recent quarterly results, Mid-Con Energy Partners, LP posted 2 positive quarters in a row.
MCEP quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$15 M-$4.39 M28.6%-
2017-Q2$14 M-9.12%$-15.02 M-107.7%-442.14%
2017-Q3$14 M0.10%$-7.92 M-56.7%-47.26%
2017-Q4$13 M-8.67%$-8.66 M-67.9%9.27%
2018-Q1$11 M-11.16%$-10.42 M-92.0%20.37%
2018-Q2$7 M-40.91%$-6.86 M-102.4%-34.20%
2018-Q3$13 M95.77%$-3.35 M-25.6%-51.15%
2018-Q4$42 M217.81%$2.37 M5.7%-170.74%

Mid-Con Energy Partners, LP ownership

When you are planning to invest in a stock, it's worth to overview its ownership structure.

Mid-Con Energy Partners, LP shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 19.06% of all shares.

In case of Mid-Con Energy Partners, LP stock, 5.26% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for MCEP stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related companies:

MCEP
Market cap$43.6 M
Total shares311.6 M
Float shares3.1 M
  - Institutional holdings (%)5.3%
  - Insider holdings (%)19.1%
Shares in short selling0.0%

MCEP summary

Monday, April 6th, 2020
Open$0.14
Close$0.14
Day range$0.14 - $0.15
Previous close$0.15
Session gain-6.67%
Average true range$0.05
50d mov avg$0.19
100d mov avg$0.24
200d mov avg$0.32
Daily pattern
Weekly pattern lt06c

Mid-Con Energy Partners, LP performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Mid-Con Energy Partners, LP, the benchmark is made against .
Stock3m6m12m
MCEP-53.33%-65.00%-82.93%

Mid-Con Energy Partners, LP competitors

Unfortunately, we could not find any public company that could be defined as Mid-Con Energy Partners, LP competitor. This doesn't mean Mid-Con Energy Partners, LP does not have any competitor in the market, it's just we could not detected it.