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Midcoast Energy Partners LP Company Profile (NYSE:MEP)

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 (15.16% downside)

Analysts' Ratings History for Midcoast Energy Partners LP (NYSE:MEP)
Show:
DateFirmActionRatingPrice TargetActions
5/3/2016Credit SuisseUpgradeUnderperform -> Neutral$5.00 -> $6.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/13/2016BarclaysInitiated 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 SachsLower 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 FargoDowngradeOutperform -> 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 AmericaDowngradeNeutral -> Underperform$21.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 6/29/2014 forward)
Earnings History for Midcoast Energy Partners LP (NYSE:MEP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/28/2016        
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)
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)
Current Dividend Information for Midcoast Energy Partners LP (NYSE:MEP)
Annual Dividend:$1.41
Dividend Yield:15.95%
Payout Ratio:Infinity
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 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)
Latest Headlines for Midcoast Energy Partners LP (NYSE:MEP)
DateHeadline
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 »
05/20/16 08:26 AMCan the Rally in Midcoast Energy Partners (MEP) Shares Continue? -
05/17/16 07:34 AMWhy Midcoast Energy Partners (MEP) Could Beat Earnings Estimates Again -
05/12/16 10:14 AMMidcoast Energy Partners LP :MEP-US: Earnings Analysis: Q1, 2016 By the Numbers -
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 ...
04/29/16 06:07 AMQ1 2016 Midcoast Energy Partners LP Earnings Release - After Market Close -
02/26/16 10:15 AMMidcoast Energy Partners, LP Makes K-1 Tax Packages Available Online - PennEnergy - Market RealistMidcoast Energy Partners, LP Makes K-1 Tax Packages Available OnlinePennEnergyHOUSTON, TX--(Marketwired - Feb 24, 2016) - Midcoast Energy Partners, L.P. ( NYSE : MEP ) ("Midcoast Partners") announced that its 2015 investor tax packages are available in the Investor Relations section of the Midcoast Partners' website at ...Analyst Take on Midcoast Energy Partners, L.P. (NYSE:MEP) EarningsUptick Analystall 105 news articles »
02/26/16 10:15 AMMidcoast Energy Partners Initiated With Underweight, $5 PT at Morgan Stanley (NYSE:MEP) - Sonoran Weekly Review - Midcoast Energy Partners Initiated With Underweight, $5 PT at Morgan Stanley (NYSE:MEP)Sonoran Weekly ReviewMidcoast Energy Partners, L.P (NYSE:MEP) shares were lower over 2% on Thursday as Morgan Stanley initiated coverage of the stock with an underweight rating and $5 price target. The stock decreased 1.70% or $0.07 on February 25, hitting $4.05.Midcoast Energy Partners LP (MEP) is Initiated by Morgan Stanley to UnderweightLos Angeles MirrorMorgan Stanley Has Initiated Coverage on Midcoast Energy Partners (NYSE:MEP) with Underweight and with $5.00 ...OctaFinance.comWere Analysts Bearish Midcoast Energy Partners LP (NYSE:MEP) This Week?Clinton FinancialRiversideGazette.com -Finance Daily -Benchmark Monitorall 10 news articles »
02/18/16 09:19 AMMidcoast Energy Partners LP Earnings Analysis: 2015 By the Numbers -
02/18/16 05:27 AMMidcoast Energy Partners downgraded by Credit Suisse -
02/17/16 02:00 PMMidcoast Energy reports 4Q loss - Yahoo Finance UK - Midcoast Energy reports 4Q lossYahoo Finance UKHOUSTON (AP) _ Midcoast Energy Partners LP (MEP) on Tuesday reported a fourth-quarter loss of $3.8 million, after reporting a profit in the same period a year earlier. The Houston-based company said it had a loss of 8 cents per share. Losses, adjusted ...
02/17/16 02:00 PMAnalysts Bullish on Midcoast Energy Partners LP (MEP) EPS - OctaFinance.com - Analysts Bullish on Midcoast Energy Partners LP (MEP) EPSOctaFinance.comAnalysts await Midcoast Energy Partners LP (NYSE:MEP) to reports earnings on February, 16. They expect $-0.13 earnings per share, down 62.50 % or $0.05 from last year's $-0.08 per share. After $-0.02 actual earnings per share reported by Midcoast ...
02/17/16 02:00 PMMidcoast Energy Partner's (MEP) Management on Q4 2015 Results - Earnings Call Transcript - Seeking Alpha - Midcoast Energy Partner's (MEP) Management on Q4 2015 Results - Earnings Call TranscriptSeeking AlphaGood day, ladies and gentlemen and welcome to the 4Q 2015 Midcoast Energy Partners, LP Earnings and 2016 Guidance Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and ...Midcoast Energy Partners LP (NYSE:MEP)'s Company Shares Increased 17.84% After High Volatilityfdanewsalert.comMidcoast Energy Partners LP (MEP) Posts Earnings ResultsFinancial Market NewsMidcoast Energy Partners LP (MEP) Issues Earnings Results, Beats Estimates By $0.11 EPSThe Vista VoiceCWRU Observer -Power Engineering Magazineall 71 news articles »
02/17/16 02:00 PMMidcoast Energy Partner's (MEP) Management on Q4 2015 Results - Earnings Call Transcript - Good day, ladies and gentlemen and welcome to the 4Q 2015 Midcoast Energy Partners, LP Earnings and 2016 Guidance Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and ...
02/17/16 12:07 PMEdited Transcript of MEP earnings conference call or presentation 17-Feb-16 1:30pm GMT -
02/17/16 07:30 AMMidcoast Energy Partners LP Earnings and 2016 Guidance Call scheduled for 8:30 am ET today -
02/17/16 05:04 AMMIDCOAST ENERGY PARTNERS, L.P. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statement -
02/16/16 06:19 PMMidcoast Energy reports 4Q loss -
02/16/16 03:03 PM4:03 pm Midcoast Energy Partners beats by $0.03, misses on revs; provides 2016 outlook -
02/16/16 03:01 PMMidcoast Energy Partners, L.P. Reports 2015 Earnings and Announces 2016 Financial Guidance - [Marketwired] - Midcoast Energy Partners, L.P.
02/16/16 01:53 PMStock Earnings in Review: Midcoast Energy Partners LP (MEP) - CWRU Observer - Stock Earnings in Review: Midcoast Energy Partners LP (MEP)CWRU ObserverMidcoast Energy Partners LP (NYSE:MEP) is expected to report Fourth quarter earnings after the close on Tuesday, February 16, with a conference call scheduled for 8:30 am EST next day. Midcoast Energy Partners, L.P. engages in gathering, processing, ...Midcoast Energy Partners LP (NYSE:MEP) Shorted Shares Increased By 65.61%fdanewsalert.comAnalyst Coverage Updates - Midcoast Energy Partners, L.P. (NYSE:MEP)Risers & FallersMidcoast Energy Partners LP (MEP) Set to Announce Earnings on WednesdayThe Vista VoiceUptick Analystall 26 news articles »
02/16/16 01:53 PMMidcoast Energy Partners LP Earnings and 2016 Guidance Call (Q4 2015) - Midcoast Energy Partners, L.P. engages in gathering, processing, treating, transporting, and marketing natural gas and natural gas liquids (NGL) in the United States. It operates through two segments, Gathering, Processing, and Transportation; and ...
02/16/16 06:07 AMQ4 2015 Midcoast Energy Partners LP Earnings Release - After Market Close -
02/11/16 11:14 AMHow Have Enbridge Energy Partners’ Segments Performed? -
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: Basic Materials
  • Industry: Independent Oil & Gas
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: MEP
  • CUSIP:
Key Metrics:
  • Previous Close: $8.84
  • 50 Day Moving Average: $8.20
  • 200 Day Moving Average: $6.78
  • P/E Ratio: N/A
  • P/E Growth: 0.19
  • Market Cap: $399.74M
  • Current Quarter EPS Consensus Estimate: $-1.41 EPS
Additional Links:
Midcoast Energy Partners LP (NYSE:MEP) Chart for Wednesday, June, 29, 2016


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