Zacks Investment Research downgraded Mid-Con Energy Partners LP (NASDAQ:MCEP) to Hold in a report released today.
- Updated: October 9, 2016
Zacks Investment Research has downgraded Mid-Con Energy Partners LP (NASDAQ:MCEP) to Hold in a statement released on 10/5/2016.
On 10/04/2016, Zacks Investment Research released a statement on Mid-Con Energy Partners LP (NASDAQ:MCEP) upped the target price from $0.00 to $3.00 that suggested an upside of 0.08%.
Boasting a price of $2.87, Mid-Con Energy Partners LP (NASDAQ:MCEP) traded -2.90% lower on the day. With the last close up 21.39% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. MCEP has recorded a 50-day average of $2.63 and a two hundred day average of $2.48. Volume of trade was up over the average, with 202,326 shares of MCEP changing hands over the typical 197,831
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Mid-Con Energy Partners LP has a one year low of $0.72 and a one year high of $4.05 Mid-Con Energy Partners LP’s market capitalization is presently $0.
General Company Details For Mid-Con Energy Partners LP (NASDAQ:MCEP)
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. The Company 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 Company designs 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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