Mid-Con Energy Partners LP (NASDAQ:MCEP) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 59,000 shares, a growth of 193.5% from the September 15th total of 20,100 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 259,500 shares, the days-to-cover ratio is presently 0.2 days.
NASDAQ:MCEP traded down $0.01 during trading hours on Monday, hitting $0.38. The company’s stock had a trading volume of 36,607 shares, compared to its average volume of 116,784. The stock has a fifty day simple moving average of $0.39 and a 200-day simple moving average of $0.51. The company has a market capitalization of $11.66 million, a P/E ratio of 1.89 and a beta of 1.77. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.27 and a quick ratio of 1.27. Mid-Con Energy Partners has a twelve month low of $0.33 and a twelve month high of $1.35.
Mid-Con Energy Partners (NASDAQ:MCEP) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.07 earnings per share for the quarter. The business had revenue of $20.93 million for the quarter. Mid-Con Energy Partners had a positive return on equity of 35.24% and a negative net margin of 0.93%.
Separately, ValuEngine raised Mid-Con Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd.
About Mid-Con Energy Partners
Mid-Con Energy Partners, LP engages in the acquisition, ownership, and development of producing oil and natural gas properties in North America. The company's properties are primarily located in the Mid-Continent, Permian, Big Horn, and Powder River Basin regions of the United States in Oklahoma, Texas, and Wyoming areas.
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