Mid-Con Energy Partners LP (MCEP): Why holders are thinking to Buy Energy Stock

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Mid-Con Energy Partners LP (NASDAQ:MCEP) changes shares on Monday trading session, with a change of -14.78% or -$0.55 shares. The trading starts at $3.29 and closed at $3.72 throughout the day. The trading session low price was $3.05 and day high was $3.3962 on Monday, August 03. After the session, the Energy sector daily volume shifted to 0.35 million while its average volume is 517.62K. In other hand, the MCEP market cap reached to $35.03M.

On May 2, 2018, BRIEF-Mid-Con Energy Partners Reports Q1 Loss Per Share Of $0.37. According to the news reported on Reuters, * MID-CON ENERGY PARTNERS, LP ANNOUNCES FIRST QUARTER 2018 OPERATING AND FINANCIAL RESULTS

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.92% and down -5.09% for month. Its quarterly performance was 17.41% above, while its half year performance is down -33.96%. MCEP yearly performance stood at negative -72.75% and fall -42.84% for year-to-date.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. MCEP EPS (TTM) for 12-month is -2.50. EPS for this year is 77.10%, while for the next year its value is 0.52. Its EPS Q/Q reached 102.10%. It has an EPS of -16.80% down for past five years and for the next five years will be up 1.55%.

The insider ownership moved to 19.35% and institutional holding shifted to 6.70%.

The company posted an EPS (TTM) of -2.50. Comparing with last year, the average estimated EPS was -3.2 which is higher than -5.8 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for MCEP fall -25.63% for period of 200 days. SMA for 50 days was -1.57% which is showing red signal, while SMA-20 was 3.17%. The moving average value for Mid-Con Energy Partners LP (MCEP) is 3.4072 and 3.4503 for 200 and 50 days respectively.