Why Mid-Con Energy Partners LP [MCEP] Stock Can Charge Above The $3.78 Level

Mid-Con Energy Partners LP [MCEP] has traded in a range of $1.14 to $8.70 in the last 1 year. As of this writing, the stock is at $3.78, up 25.58%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, MCEP shares are 32.17% up with the monthly amount drift of 56.20% and seems well in a long time frame.

On 2, December 2020, SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of MCEP, EIDX, CCR, and TGC Mergers. According to news published on Yahoo Finance, Rigrodsky & Long, P.A. announces that it is investigating:.

Analyst Birdseye View:

The most recent analyst activity for Mid-Con Energy Partners LP [NASDAQ:MCEP] stock was on October 23, 2015, when it was Downgrade with a Neutral rating from Ladenburg Thalmann. On October 12, 2015, FBR Capital Downgrade a Mkt perform rating and plunged its price target on this stock from $6 to $4. On September 22, 2015, Wunderlich Reiterated a Hold rating and decreased its price target from $4 to $3. On August 05, 2015, Raymond James Downgrade an Underperform rating. On August 04, 2015, RBC Capital Mkts Reiterated a Sector perform rating and boosted its amount target on this stock to $4. On June 15, 2015, Wunderlich Resumed a Hold rating and decreased its target amount on this stock from $6.50 to $6. On April 23, 2015, Wunderlich Initiated a Hold rating and improved its amount target to $6.50.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.14 and a peak of $8.70. Right now, the middling Wall Street analyst 12-month amount mark is $7.37. At the most recent market close, shares of Mid-Con Energy Partners LP [NASDAQ:MCEP] were valued at $3.78.

FUNDAMENTAL ANALYSIS

Mid-Con Energy Partners LP [NASDAQ:MCEP] most recently reported quarterly sales of 10.13 billion, which represented growth of -59.60%. This publicly-traded organization’s revenue is $657,470 per employee, while its income is -$5,920 per employee. This company’s Gross Margin is currently 46.90%, its Operating Margin is -26.10%, its Pretax Margin is -0.91, and its Net Margin is -0.90. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.28, -0.62, 3.14 and -0.33 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 42.18 and the whole liability to whole assets at 33.97. It shows enduring liability to the whole principal at 41.91 and enduring liability to assets at 0.34 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 3.24 points at 1st support level, the second support level is making up to 2.70. But as of 1st resistance point, this stock is sitting at 4.07 and at 4.36 for 2nd resistance point.

Mid-Con Energy Partners LP [MCEP] reported its earnings at -$0.25 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.1/share signifying the difference of -0.35 and -350.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.19 calling estimates for $0.08/share with the difference of -0.27 depicting the surprise of -337.50%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Mid-Con Energy Partners LP [NASDAQ:MCEP] is 0.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.02. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.13 and it’s amount to book ratio is 0.15.