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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MID-CON ENERGY MCEP: Free Stock Analysis Report
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Zacks Investment Research
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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).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MID-CON ENERGY MCEP: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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