Midcoast Energy Partners LP Company Profile (NYSE:MEP)

Analyst Ratings

Consensus Ratings for Midcoast Energy Partners LP (NYSE:MEP) (?)
Ratings Breakdown: 1 Sell Rating(s), 3 Hold Rating(s)
Consensus Rating:Hold (Score: 1.75)
Consensus Price Target: $7.50 (4.09% downside)

Analysts' Ratings History for Midcoast Energy Partners LP (NYSE:MEP)
Show:
DateFirmActionRatingPrice TargetActions
5/3/2016Credit Suisse Group AGUpgradeUnderperform -> Neutral$5.00 -> $6.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/13/2016Barclays PLCInitiated CoverageEqual Weight$7.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
2/25/2016Morgan StanleyInitiated CoverageUnderweight$5.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
9/11/2015Goldman Sachs Group Inc.Lower Price TargetNeutral$13.00 -> $12.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
5/4/2015JPMorgan Chase & Co.DowngradeNeutral -> Underweight$15.00 -> $13.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
5/1/2015Wells Fargo & Co.DowngradeOutperform -> Market PerformView Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/5/2015Seaport Global SecuritiesReiterated RatingHold$15.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
9/11/2014Bank of America Corp.DowngradeNeutral -> Underperform$21.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/27/2014 forward)

Earnings

Earnings History for Midcoast Energy Partners LP (NYSE:MEP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/28/2016Q216($0.29)$642.14 millionN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/2/2016Q116($0.27)($0.12)$693.42 million$431.90 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/16/2016Q415($0.15)($0.04)$759.79 million$528.10 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/29/2015Q315($0.18)($0.02)$853.18 million$661.00 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/30/2015Q215($0.10)($0.06)$1.05 billion$780.10 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/30/2015Q115$0.03($0.06)$1.44 billion$873.50 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/17/2015Q414($0.05)($0.08)$1.44 billion$1.45 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/31/2014Q314$0.07($0.08)$1.65 billionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/29/2014$0.09$0.01$1.25 billion$1.65 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/12/2014Q4 13$0.13($0.01)$1.35 billion$1.54 billionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Midcoast Energy Partners LP (NYSE:MEP)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162($0.21)($0.20)($0.21)
Q2 20161($0.24)($0.24)($0.24)
Q3 20162($0.22)($0.19)($0.21)
Q4 20162($0.24)($0.21)($0.23)
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Midcoast Energy Partners LP (NYSE:MEP)
Annual Dividend:$1.43
Dividend Yield:18.29%
Payout Ratio:-40.17% (Based on Trailing 12 Months of Earnings)
-101.42% (Based on Current Year Consensus EPS Estimate)
-118.18% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:0.00% (3 Year Average)

Dividend History for Midcoast Energy Partners LP (NYSE:MEP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
4/28/2016quarterly$0.3617.9%5/4/20165/6/20165/13/2016Tweet This Announcement  Share This Announcement on StockTwits
1/28/2016quarterly$0.3616.12%2/3/20162/5/20162/12/2016Tweet This Announcement  Share This Announcement on StockTwits
10/29/2015quarterly$0.3610.69%11/4/201511/6/201511/13/2015Tweet This Announcement  Share This Announcement on StockTwits
7/29/2015quarterly$0.3511.01%8/5/20158/7/20158/14/2015Tweet This Announcement  Share This Announcement on StockTwits
4/29/2015quarterly$0.3510.12%5/6/20155/8/20155/15/2015Tweet This Announcement  Share This Announcement on StockTwits
1/28/2015quarterly$0.3411.68%2/4/20152/6/20152/13/2015Tweet This Announcement  Share This Announcement on StockTwits
10/30/2014quarterly$0.348.71%11/5/201411/7/201411/14/2014Tweet This Announcement  Share This Announcement on StockTwits
7/31/2014quarterly$0.336.28%8/5/20148/7/20148/14/2014Tweet This Announcement  Share This Announcement on StockTwits
4/29/2014quarterly$0.315.71%5/6/20145/8/20145/15/2014Tweet This Announcement  Share This Announcement on StockTwits
1/29/2014$0.162/5/20142/7/20142/14/2014Tweet This Announcement  Share This Announcement on StockTwits
1/29/2014quarterly$0.172/5/20142/7/20142/14/2014Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Midcoast Energy Partners LP (NYSE:MEP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
2/25/2016E Chris KaitsonVPBuy2,250$3.93$8,842.50View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
12/17/2015Stephen J NeylandVPBuy3,570$6.98$24,918.60View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
12/16/2015David A WeathersVPBuy3,000$7.00$21,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/12/2015C Gregory HarperPresidentBuy1,000$10.65$10,650.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/29/2015Dan Allen WestbrookChairmanBuy4,000$10.21$40,840.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/17/2015James G IveyDirectorBuy2,000$10.68$21,360.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/4/2015James G IveyDirectorBuy1,000$11.80$11,800.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/18/2015David A WeathersVPBuy2,000$13.08$26,160.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/25/2015James G IveyDirectorBuy1,000$15.00$15,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
12/16/2014David A WeathersVPBuy1,000$13.70$13,700.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
12/10/2014Terrance L McgillInsiderBuy2,000$14.28$28,560.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/7/2014Kerry Connell PuckettVPBuy3,000$14.21$42,630.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/7/2014Mark A MakiInsiderBuy5,000$14.23$71,150.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/6/2014Dan Allen WestbrookDirectorBuy3,500$14.40$50,400.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/6/2014John A LoiaconoVPBuy5,000$14.84$74,200.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/6/2014Terrance L McgillInsiderBuy3,000$14.50$43,500.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
8/8/2014Janet L CoyVPBuy1,000$20.48$20,480.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/23/2014James G IveyDirectorBuy1,000$21.70$21,700.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/27/2014James IveyDirectorBuy2,500$20.03$50,075.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/19/2014Dan Allen WestbrookDirectorBuy2,500$20.42$51,050.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/11/2014C Gregory HarperInsiderBuy2,350$20.30$47,705.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/7/2014C Gregory HarperInsiderBuy2,590$20.18$52,266.20View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/27/2014Edmund Segner IIIDirectorBuy7,429$20.64$153,334.56View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/26/2014James IveyDirectorBuy2,500$20.41$51,025.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/13/2013Dan Allen WestbrookDirectorBuy5,000$18.00$90,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/13/2013Stephen J NeylandVPBuy4,700$18.00$84,600.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/13/2013Terrance L McgillInsiderBuy20,000$18.00$360,000.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Midcoast Energy Partners LP (NYSE:MEP)
DateHeadline
07/22/16 05:03 PMEarnings Focus and Crowd Sourced Sentiment Review for Midcoast Energy Partners, L.P. (NYSE:MEP) - TGP
07/22/16 05:03 PMMidcoast Energy Partners LP Has Another Very Weak Trading Session - Consumer Eagle
07/22/16 05:03 PMMidcoast Energy Partners, LP (NYSE:MEP) Upside Stock Technicals at Extreme Strength - CML News
07/22/16 03:46 PMEnbridge Energy Partners’ Q2 Earnings Expected to Grow 7% -
07/20/16 05:51 PMWere Analysts Bearish Midcoast Energy Partners LP (NYSE:MEP) This Week? - Consumer Eagle
07/19/16 10:59 AMMidcoast Energy Partners, L.P. (NYSE:MEP): Sell-Side Ratings and Company Earnings Glance - Engelwood Daily
07/18/16 05:17 PMNew Broker Ratings For Midcoast Energy Partners, L.P. (NYSE:MEP) - FTSE News
07/18/16 05:17 PMConsensus Target and Stock Rating Report: Midcoast Energy Partners, L.P. (NYSE:MEP) - TGP
07/18/16 05:17 PMShare Performance Summary for: Midcoast Energy Partners, L.P. (NYSE:MEP) - Press Telegraph
07/15/16 04:14 PMMidcoast Energy Partners LP (NYSE:MEP) Shorted Shares Decreased By 0.06% - Consumer Eagle
07/14/16 08:44 AMMidcoast Energy Partners, LP to Webcast Its 2016 Second Quarter Financial Results - Power Engineering Magazine
07/13/16 05:30 PMMidcoast Energy Partners, L.P. to Webcast Its 2016 Second Quarter Financial Results
07/13/16 08:04 AMMidcoast Energy Partners LP (NYSE:MEP): Stock Institutional Investors Are Happy About - Press Telegraph
07/12/16 05:23 PMMidcoast Energy Partners, L.P. (NYSE:MEP) Earnings Concentration and Analyst Target Watch - Engelwood Daily
07/12/16 05:23 PMAnalyst Target and Average Rating Watch: Midcoast Energy Partners, L.P. (NYSE:MEP) - Press Telegraph
07/11/16 09:48 AMStock Rating Watch and Earnings Insight for Midcoast Energy Partners, L.P. (NYSE:MEP) - Press Telegraph
07/11/16 09:48 AMMidcoast Energy Partners, L.P. (NYSE:MEP) Updated Price Targets - FTSE News
07/09/16 08:30 AMWall Street Ratings and Target Price Views on Midcoast Energy Partners, L.P. (NYSE:MEP) - Telanagana Press
07/07/16 05:10 PMCompany Stock Focus for Midcoast Energy Partners, L.P. (NYSE:MEP): Which Way Will Shares Head? - Press Telegraph
07/05/16 09:43 AMShare Performance Recap for: Midcoast Energy Partners, L.P. (NYSE:MEP) - Press Telegraph
07/05/16 09:43 AMMidcoast Energy Partners, L.P. (NYSE:MEP) Broker Price Targets For The Coming Week - Fiscal Standard
07/01/16 07:57 AMMidcoast Energy Partners, L.P. (NYSE:MEP) Company Rating and Target Watch - Telanagana Press
06/29/16 12:04 PMMIDCOAST ENERGY PARTNERS, L.P. Financials -
06/28/16 05:01 PMMidcoast Energy Partners, L.P. (NYSE:MEP) Earnings Glance and Target Price Review - Engelwood Daily
06/28/16 05:01 PMCovering the Bases on Midcoast Energy Partners, L.P. (NYSE:MEP): Where is the Stock Going? - Press Telegraph
06/28/16 05:01 PMHow Many Midcoast Energy Partners LP (NYSE:MEP)'s Analysts Are Bearish? - Press Telegraph
06/27/16 09:29 AMShare Update and Earnings Review for Midcoast Energy Partners, L.P. (NYSE:MEP) - Press Telegraph
06/27/16 09:29 AMMidcoast Energy Partners LP (NYSE:MEP) Shorts Decreased by 0.06% After Short Covering - Engelwood Daily
06/27/16 06:00 AMIs Enbridge Energy Partners’ Discounted Valuation Justified? -
06/25/16 08:55 AMShare Volatility Check for: Midcoast Energy Partners, L.P. (NYSE:MEP) - Press Telegraph
06/23/16 05:35 PMExamples In MLP Due Diligence - Midcoast Energy Partners
06/22/16 05:03 PMExamples In MLP Due Diligence - Midcoast Energy Partners - Seeking Alpha
06/21/16 04:47 PMMidcoast Energy Partners, L.P. (NYSE:MEP) Current Analyst Ratings - Fiscal Standard
06/19/16 04:38 PMThis Weeks Broker Views For Midcoast Energy Partners, L.P. (NYSE:MEP) - Fiscal Standard
06/18/16 09:27 AMToday's Stocks: Midcoast Energy Partners, L.P. (NYSE:MEP), Skyline Medical Inc. (NASDAQ:SKLN), Citigroup Inc ... - KC Register
06/09/16 05:22 PMMidcoast Energy Partners, LP (NYSE:MEP) Fundamental Star Rating Report - CML News
06/08/16 05:31 PMWhy Midcoast Energy Partners LP (NYSE:MEP) Shares Could Be in for More Upside - Small Cap Exclusive (press release)
06/08/16 03:12 PMMIDCOAST ENERGY PARTNERS, L.P. Files SEC form 8-K, Change in Directors or Principal Officers -
06/08/16 08:01 AMMIDCOAST ENERGY PARTNERS LP (NYSE:MEP) Financial Condition Compared to S&P 500 - CML News
06/07/16 04:09 PMThis is What Fueled Midcoast Energy Partners LP's 17.3% Surge in May - Earnings, an analyst upgrade, and an acquisition rumor fueled the MLP last month.
06/06/16 08:50 AMStock Review and Earnings Check on Midcoast Energy Partners, L.P. (NYSE:MEP) - HNN
05/31/16 05:21 PMNews Sentiment For Midcoast Energy Partners, L.P. (NYSE:MEP) - Investor Newswire - News Sentiment For Midcoast Energy Partners, L.P. (NYSE:MEP)Investor NewswireMidcoast Energy Partners, L.P. (NYSE:MEP) Average broker stands at 3.58 while it was 3.58 three months ago. The quarterly report of Midcoast Energy Partners, L.P. (NYSE:MEP) can be made public close to 2016-08-03. It is estimated by the recent update ...and more »
05/30/16 08:58 PMAre Analysts Bearish Midcoast Energy Partners LP (NYSE:MEP) After Last Week? - HNN - Are Analysts Bearish Midcoast Energy Partners LP (NYSE:MEP) After Last Week?HNNOut of 5 analysts covering Midcoast Energy Partners (NYSE:MEP), 0 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 0% are positive. Midcoast Energy Partners has been the topic of 7 analyst reports since September 11, 2015 according to ...and more »
05/30/16 01:32 PMWhat’s Driving ONEOK Partners’ Gas Gathering Segment’s Earnings? -
05/29/16 12:53 PMMidcoast Energy Partners LP (NYSE:MEP) Sellers Increased By 50.08% Their Shorts - HNN - Midcoast Energy Partners LP (NYSE:MEP) Sellers Increased By 50.08% Their ShortsHNNThe stock of Midcoast Energy Partners LP (NYSE:MEP) registered an increase of 50.08% in short interest. MEP's total short interest was 458,200 shares in May as published by FINRA. Its up 50.08% from 305,300 shares, reported previously. With 235,400 ...and more »
05/26/16 12:23 PMMidcoast Energy Partners LP (NYSE:MEP) Shorted Shares Decreased By 6.86% - Wall Street Hints and News - The Point ReviewMidcoast Energy Partners LP (NYSE:MEP) Shorted Shares Decreased By 6.86%Wall Street Hints and NewsThe stock of Midcoast Energy Partners LP (NYSE:MEP) registered a decrease of 6.86% in short interest. MEP's total short interest was 305,300 shares in May as published by FINRA. Its down 6.86% from 327,800 shares, reported previously. With 178,300 ...How Analysts Feel About Midcoast Energy Partners LP (NYSE:MEP)?The Postall 104 news articles »
05/09/16 08:09 AMETE and ETP: What Do Analysts Recommend Post-1Q16? -
05/02/16 01:52 PMEdited Transcript of MEP earnings conference call or presentation 2-May-16 12:30pm GMT -
05/02/16 05:09 AMMidcoast Energy reports 1Q loss -
04/29/16 03:00 PMEnbridge Energy Partners, L.P. Declares Distribution for First Quarter 2016 - [Marketwired] - Enbridge Energy Partners, L.P. announced today that the board of directors of its general partner has declared a quarterly cash distribution of $0.583 per unit, or $2.332 per unit on an annualized basis ...

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About Midcoast Energy Partners LP

Midcoast Energy Partners LP logoMidcoast Energy Partners, L.P. is a limited partnership that serves as Enbridge Energy Partners, L.P.'s primary vehicle for owning and operating its natural gas and natural gas liquids (NGLs) midstream business in the United States. The Company operates through two segments: Gathering, Processing and Transportation, and Logistics and Marketing. Its gathering, processing and transportation business includes natural gas and NGL gathering and transportation pipeline systems, natural gas processing and treating facilities, condensate stabilizers and an NGL fractionation facility. Its logistics and marketing business provides marketing services of natural gas, NGLs and condensate received from its gathering, processing and transportation business. Its physical assets consist of over 200 transport trucks, approximately 370 trailers and over 200 railcars for transporting NGLs; TexPan liquids railcar facility near Pampa, Texas, and Petal truck and rail facility near Hattiesburg, Mississippi.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Independent Oil & Gas
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: MEP
  • CUSIP:
Key Metrics:
  • Previous Close: $7.82
  • 50 Day Moving Average: $8.58
  • 200 Day Moving Average: $6.84
  • P/E Ratio: N/A
  • P/E Growth: 0.18
  • Market Cap: $353.62M
  • Beta: 2.78
  • Current Year EPS Consensus Estimate: $-1.41 EPS
  • Next Year EPS Consensus Estimate: $-1.21 EPS
Additional Links:
Midcoast Energy Partners LP (NYSE:MEP) Chart for Wednesday, July, 27, 2016