Mid-Con Energy (MCEP) in Focus: Stock Falls 5.2%

Mid-Con Energy Partners, LP MCEP saw a big move last session, as the company's shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for MCEP, as the stock is now down over 8% since Sep 29.

Mid-Con Energy has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

MCEP currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.

Some better-ranked stocks in the Oil Exploration & Production industry include Magnum Hunter Resources Corp. MHR, Northern Oil and Gas, Inc. NOG and Abraxas Petroleum Corp. AXAS. While Magnum Hunter and Northern Oil and Gas hold a Zacks Rank #1 (Strong Buy), Abraxas carries a Zacks Rank #2 (Buy).

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