Mid-Con Energy Partners (NASDAQ: MCEP) shares currently have a dividend yield of 8.80%. 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 22.50. The average volume for Mid-Con Energy Partners has been 68,700 shares per day over the past 30 days. Mid-Con Energy Partners has a market cap of $451.5 million and is part of the energy industry. Shares are up 25.1% year to date as of the close of trading on Friday. TheStreet Ratings rates Mid-Con Energy Partners as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Highlights from the ratings report include:
- Net operating cash flow has increased to $14.61 million or 41.52% when compared to the same quarter last year. In addition, MID-CON ENERGY PARTNERS -LP has also vastly surpassed the industry average cash flow growth rate of -15.63%.
- The gross profit margin for MID-CON ENERGY PARTNERS -LP is currently very high, coming in at 72.80%. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, MCEP's net profit margin of 46.26% significantly outperformed against the industry.
- MID-CON ENERGY PARTNERS -LP has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, MID-CON ENERGY PARTNERS -LP increased its bottom line by earning $1.63 versus $0.51 in the prior year. This year, the market expects an improvement in earnings ($2.07 versus $1.63).
- In its most recent trading session, MCEP has closed at a price level that was not very different from its closing price of one year earlier. This is probably due to its weak earnings growth as well as other mixed factors. We feel that the combination of its price rise over the last year and its current price-to-earnings ratio relative to its industry tend to reduce its upside potential.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed against the S&P 500 and did not exceed that of the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 53.0% when compared to the same quarter one year ago, falling from $22.43 million to $10.54 million.
- You can view the full Mid-Con Energy Partners Ratings Report.
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