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5 Hold-Rated Dividend Stocks: CNSL, MCEP, LRE, NTRI, MEMP

Mid-Con Energy Partners

Dividend Yield: 7.90%

Mid-Con Energy Partners (NASDAQ: MCEP) shares currently have a dividend yield of 7.90%.

Mid-Con Energy Partners, LP engages in the acquisition, exploitation, development, and production of oil and natural gas properties in North America. The company has a P/E ratio of 14.72.

The average volume for Mid-Con Energy Partners has been 71,100 shares per day over the past 30 days. Mid-Con Energy Partners has a market cap of $492.5 million and is part of the energy industry. Shares are up 37% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Mid-Con Energy Partners as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and expanding profit margins. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

Highlights from the ratings report include:

  • Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, MID-CON ENERGY PARTNERS -LP's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • MCEP's very impressive revenue growth greatly exceeded the industry average of 8.8%. Since the same quarter one year prior, revenues leaped by 79.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The strong earnings growth this company has enjoyed -- up -- has apparently played a role in driving up its share price by a solid 25.75%. In addition, the rise in the general market has likely contributed to this stock's strong performance during this past year.Although MCEP had significant growth over the past year, our hold rating indicates that we do not recommend additional investment in this stock at the current time.
  • Net operating cash flow has slightly increased to $14.97 million or 6.48% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -13.28%.
  • The debt-to-equity ratio of 1.12 is relatively high when compared with the industry average, suggesting a need for better debt level management. Even though the debt-to-equity ratio is weak, MCEP's quick ratio is somewhat strong at 1.10, demonstrating the ability to handle short-term liquidity needs.

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