Midcoast Energy Partners LP Company Profile (NYSE:MEP)

About Midcoast Energy Partners LP (NYSE:MEP)

Midcoast Energy Partners LP logoMidcoast Energy Partners, L.P. (MEP) is a limited partnership company that is engaged in the natural gas and natural gas liquids (NGL) midstream business. It operates through two segments: Gathering, Processing and Transportation, and Logistics and Marketing. It also provides marketing services of natural gas and NGLs to wholesale customers. The Company's 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. The Company holds interest in Midcoast Operating, L.P., a Texas limited partnership that owns a network of natural gas and NGL gathering and transportation systems, natural gas processing and treating facilities.

Industry, Sector and Symbol:
  • Sector: Energy
  • Industry: Oil & Gas Refining and Marketing
  • Sub-Industry: N/A
  • Symbol: NYSE:MEP
  • CUSIP: N/A
  • Web: www.midcoastpartners.com/
Average Prices:
  • 50 Day Moving Avg: $7.95
  • 200 Day Moving Avg: $7.96
  • 52 Week Range: $5.30 - $9.42
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -8.55
  • P/E Growth: 0.00
Dividend:
  • Annual Dividend: $1.43
  • Dividend Yield: 18.0%
Profitability:
  • Net Margins: -5.25%
  • Return on Equity: -34.51%
  • Return on Assets: -2.64%
Debt:
  • Debt-to-Equity Ratio: 0.22%
  • Current Ratio: 0.62%
  • Quick Ratio: 0.40%
Misc:
  • Beta: 2.53
 

Frequently Asked Questions for Midcoast Energy Partners LP (NYSE:MEP)

What is Midcoast Energy Partners LP's stock symbol?

Midcoast Energy Partners LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEP."

How often does Midcoast Energy Partners LP pay dividends? What is the dividend yield for Midcoast Energy Partners LP?

Midcoast Energy Partners LP announced a quarterly dividend on Friday, January 27th. Stockholders of record on Tuesday, February 7th will be paid a dividend of $0.3575 per share on Tuesday, February 14th. This represents a $1.43 annualized dividend and a dividend yield of 17.99%. The ex-dividend date is Friday, February 3rd. View Midcoast Energy Partners LP's Dividend History.

How were Midcoast Energy Partners LP's earnings last quarter?

Midcoast Energy Partners LP (NYSE:MEP) announced its quarterly earnings data on Wednesday, February, 15th. The company reported ($0.19) earnings per share for the quarter, hitting the consensus estimate of ($0.19). The business earned $620.50 million during the quarter, compared to analyst estimates of $541.74 million. Midcoast Energy Partners LP had a negative net margin of 5.25% and a negative return on equity of 34.51%. Midcoast Energy Partners LP's quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share. View Midcoast Energy Partners LP's Earnings History.

Where is Midcoast Energy Partners LP's stock going? Where will Midcoast Energy Partners LP's stock price be in 2017?

1 equities research analysts have issued 1 year price objectives for Midcoast Energy Partners LP's shares. Their forecasts range from $8.00 to $8.00. On average, they expect Midcoast Energy Partners LP's share price to reach $8.00 in the next year. View Analyst Ratings for Midcoast Energy Partners LP.

Who are some of Midcoast Energy Partners LP's key competitors?

How do I buy Midcoast Energy Partners LP stock?

Shares of Midcoast Energy Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Midcoast Energy Partners LP's stock price today?

One share of Midcoast Energy Partners LP stock can currently be purchased for approximately $7.95.


MarketBeat Community Rating for Midcoast Energy Partners LP (NYSE MEP)
Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  106 (Vote Outperform)
Underperform Votes:  183 (Vote Underperform)
Total Votes:  289
MarketBeat's community ratings are surveys of what our community members think about Midcoast Energy Partners LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Midcoast Energy Partners LP (NYSE:MEP) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $8.00 (0.63% upside)
Consensus Price Target History for Midcoast Energy Partners LP (NYSE:MEP)
Price Target History for Midcoast Energy Partners LP (NYSE:MEP)
Analysts' Ratings History for Midcoast Energy Partners LP (NYSE:MEP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
1/30/2017Credit Suisse GroupUpgradeUnderperform -> Neutral$6.00 -> $8.00N/AView Rating Details
4/13/2016Barclays PLCInitiated CoverageEqual Weight$7.00N/AView Rating Details
2/25/2016Morgan StanleyInitiated CoverageUnderweight$5.00N/AView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for Midcoast Energy Partners LP (NYSE:MEP)
Earnings by Quarter for Midcoast Energy Partners LP (NYSE:MEP)
Earnings History by Quarter for Midcoast Energy Partners LP (NYSE MEP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/15/2017Q4 2016($0.19)($0.19)$541.74 million$620.50 millionViewN/AView Earnings Details
10/31/2016Q316($0.17)($0.25)$457.83 million$486.00 millionViewListenView Earnings Details
7/28/2016Q216($0.29)($0.16)$642.14 million$427.60 millionViewListenView Earnings Details
5/2/2016Q116($0.27)($0.12)$693.42 million$431.90 millionViewN/AView Earnings Details
2/16/2016Q415($0.15)($0.04)$759.79 million$528.10 millionViewListenView Earnings Details
10/29/2015Q315($0.18)($0.02)$853.18 million$661.00 millionViewListenView Earnings Details
7/29/2015Q215($0.05)($0.06)$1.05 billion$780.10 millionViewListenView Earnings Details
4/29/2015Q115$0.03($0.06)$1.44 billion$873.50 millionViewListenView Earnings Details
2/17/2015Q414($0.08)($0.08)$1.44 billion$1.45 billionViewListenView Earnings Details
10/30/2014Q314$0.09($0.08)$1.65 billion$1.40 billionViewN/AView Earnings Details
4/29/2014Q1 2014$0.11($0.02)$1.25 billion$1.65 billionViewListenView Earnings Details
2/12/2014Q4 13$0.13($0.01)$1.35 billion$1.54 billionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Midcoast Energy Partners LP (NYSE:MEP)
Current Year EPS Consensus Estimate: $-1.15 EPS
Next Year EPS Consensus Estimate: $-0.93 EPS

Dividends

Current Dividend Information for Midcoast Energy Partners LP (NYSE:MEP)
Most Recent Dividend:2/14/2017
Annual Dividend:$1.43
Dividend Yield:17.99%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-81.25% (Trailing 12 Months of Earnings)
-124.35% (Based on This Year's Estimates)
-153.76% (Based on Next Year's Estimates)
Track Record:2 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Midcoast Energy Partners LP (NYSE:MEP)

Dividend History by Quarter for Midcoast Energy Partners LP (NYSE MEP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/27/2017quarterly$0.3617.13%2/3/20172/7/20172/14/2017
10/27/2016quarterly$0.3616.25%11/3/201611/7/201611/14/2016
7/28/2016quarterly$0.3617.29%8/3/20168/5/20168/12/2016
4/28/2016quarterly$0.3617.9%5/4/20165/6/20165/13/2016
1/28/2016quarterly$0.3616.12%2/3/20162/5/20162/12/2016
10/29/2015quarterly$0.3610.69%11/4/201511/6/201511/13/2015
7/29/2015quarterly$0.3511.01%8/5/20158/7/20158/14/2015
4/29/2015quarterly$0.3510.12%5/6/20155/8/20155/15/2015
1/28/2015quarterly$0.3411.68%2/4/20152/6/20152/13/2015
10/30/2014quarterly$0.348.71%11/5/201411/7/201411/14/2014
7/31/2014quarterly$0.336.28%8/5/20148/7/20148/14/2014
4/29/2014quarterly$0.315.71%5/6/20145/8/20145/15/2014
1/29/2014$0.162/5/20142/7/20142/14/2014
1/29/2014quarterly$0.172/5/20142/7/20142/14/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Midcoast Energy Partners LP (NYSE:MEP)
Institutional Ownership Percentage: 64.71%
Insider Trades by Quarter for Midcoast Energy Partners LP (NYSE:MEP)
Institutional Ownership by Quarter for Midcoast Energy Partners LP (NYSE:MEP)
Insider Trades by Quarter for Midcoast Energy Partners LP (NYSE:MEP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/25/2016E Chris KaitsonVPBuy2,250$3.93$8,842.50View SEC Filing  
12/17/2015Stephen J NeylandVPBuy3,570$6.98$24,918.60View SEC Filing  
12/16/2015David A WeathersVPBuy3,000$7.00$21,000.00View SEC Filing  
11/12/2015C Gregory HarperPresidentBuy1,000$10.65$10,650.00View SEC Filing  
9/29/2015Dan Allen WestbrookChairmanBuy4,000$10.21$40,840.00View SEC Filing  
9/17/2015James G IveyDirectorBuy2,000$10.68$21,360.00View SEC Filing  
6/4/2015James G IveyDirectorBuy1,000$11.80$11,800.00View SEC Filing  
5/18/2015David A WeathersVPBuy2,000$13.08$26,160.00View SEC Filing  
2/25/2015James G IveyDirectorBuy1,000$15.00$15,000.00View SEC Filing  
12/16/2014David A WeathersVPBuy1,000$13.70$13,700.00View SEC Filing  
12/10/2014Terrance L McgillInsiderBuy2,000$14.28$28,560.00View SEC Filing  
11/7/2014Kerry Connell PuckettVPBuy3,000$14.21$42,630.00View SEC Filing  
11/7/2014Mark A MakiInsiderBuy5,000$14.23$71,150.00View SEC Filing  
11/6/2014Dan Allen WestbrookDirectorBuy3,500$14.40$50,400.00View SEC Filing  
11/6/2014John A LoiaconoVPBuy5,000$14.84$74,200.00View SEC Filing  
11/6/2014Terrance L McgillInsiderBuy3,000$14.50$43,500.00View SEC Filing  
8/8/2014Janet L CoyVPBuy1,000$20.48$20,480.00View SEC Filing  
6/23/2014James G IveyDirectorBuy1,000$21.70$21,700.00View SEC Filing  
3/27/2014James IveyDirectorBuy2,500$20.03$50,075.00View SEC Filing  
3/19/2014Dan Allen WestbrookDirectorBuy2,500$20.42$51,050.00View SEC Filing  
3/11/2014C Gregory HarperInsiderBuy2,350$20.30$47,705.00View SEC Filing  
3/7/2014C Gregory HarperInsiderBuy2,590$20.18$52,266.20View SEC Filing  
2/27/2014Edmund Segner IIIDirectorBuy7,429$20.64$153,334.56View SEC Filing  
2/26/2014James IveyDirectorBuy2,500$20.41$51,025.00View SEC Filing  
11/13/2013Dan Allen WestbrookDirectorBuy5,000$18.00$90,000.00View SEC Filing  
11/13/2013Stephen J NeylandVPBuy4,700$18.00$84,600.00View SEC Filing  
11/13/2013Terrance L McgillInsiderBuy20,000$18.00$360,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Midcoast Energy Partners LP (NYSE:MEP)
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Chart

Midcoast Energy Partners LP (MEP) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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