Midcoast Energy Partners LP Company Profile (NYSE:MEP)

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: $7.44
  • 50 Day Moving Average: $8.03
  • 200 Day Moving Average: $6.88
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -11.81
  • P/E Growth: 0.29
  • Market Cap: $336.44M
  • Outstanding Shares: 45,220,000
  • Beta: 2.68
Additional Links:
Companies Related to Midcoast Energy Partners LP:

Analyst Ratings

Consensus Ratings for Midcoast Energy Partners LP (NYSE:MEP) (?)
Ratings Breakdown: 1 Sell Rating, 3 Hold Ratings
Consensus Rating:Hold (Score: 1.75)
Consensus Price Target: $7.50 (0.81% upside)

Analysts' Ratings History for Midcoast Energy Partners LP (NYSE:MEP)
Show:
DateFirmActionRatingPrice TargetDetails
5/3/2016Credit Suisse Group AGUpgradeUnderperform -> Neutral$5.00 -> $6.00View Rating Details
4/13/2016Barclays PLCInitiated CoverageEqual Weight$7.00View Rating Details
2/25/2016Morgan StanleyInitiated CoverageUnderweight$5.00View Rating Details
9/11/2015Goldman Sachs Group Inc.Lower Price TargetNeutral$13.00 -> $12.00View Rating Details
5/4/2015JPMorgan Chase & Co.DowngradeNeutral -> Underweight$15.00 -> $13.00View Rating Details
5/1/2015Wells Fargo & Co.DowngradeOutperform -> Market PerformView Rating Details
1/5/2015Seaport Global SecuritiesReiterated RatingHold$15.00View Rating Details
9/11/2014Bank of America Corp.DowngradeNeutral -> Underperform$21.00View Rating Details
(Data available from 8/28/2014 forward)

Earnings

Earnings History for Midcoast Energy Partners LP (NYSE:MEP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2016        
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
7/30/2015Q215($0.10)($0.06)$1.05 billion$780.10 millionViewListenView Earnings Details
4/30/2015Q115$0.03($0.06)$1.44 billion$873.50 millionViewListenView Earnings Details
2/17/2015Q414($0.05)($0.08)$1.44 billion$1.45 billionViewListenView Earnings Details
10/31/2014Q314$0.07($0.08)$1.65 billionViewN/AView Earnings Details
4/29/2014$0.09$0.01$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: $-0.87 EPS
Next Year EPS Consensus Estimate: $-0.63 EPS
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:19.22%
Payout Ratio:-102.88% (Based on Trailing 12 Months of Earnings)
-164.37% (Based on Current Year Consensus EPS Estimate)
-226.98% (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 Date
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 History 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

Latest Headlines for Midcoast Energy Partners LP (NYSE:MEP)
DateHeadline
News IconStock Spotlight: Midcoast Energy Partners, L.P. (NYSE:MEP) Consensus Weighs In - Post News (NYSE:MEP)
www.kentuckypostnews.com - August 22 at 10:41 AM
finance.yahoo.com logo4 Impressive Value Stocks with Over 3% Dividend Yield (NYSE:MEP)
finance.yahoo.com - August 21 at 5:31 PM
News IconInstitutions Have Decreased Their Ownership of Midcoast Energy Partners, L.P. (NYSE:MEP) - Post News (NYSE:MEP)
www.kentuckypostnews.com - August 19 at 9:09 AM
finance.yahoo.com logoEdited Transcript of MEP earnings conference call or presentation 28-Jul-16 12:30pm GMT (NYSE:MEP)
finance.yahoo.com - August 12 at 6:12 PM
capitalcube.com logoMidcoast Energy Partners LP :MEP-US: Earnings Analysis: Q2, 2016 By the Numbers : August 4, 2016 (NYSE:MEP)
www.capitalcube.com - August 4 at 6:28 PM
fool.com logoAlberta Wildfires Put a Barely Noticable Dent in Enbridge Energy Partners' Earnings (NYSE:MEP)
www.fool.com - July 29 at 8:49 AM
biz.yahoo.com logoMIDCOAST ENERGY PARTNERS, L.P. Files SEC form 10-Q, Quarterly Report (NYSE:MEP)
biz.yahoo.com - July 29 at 6:06 AM
finance.yahoo.com logoEnbridge Energy Partners, L.P. Declares Distribution and Reports Earnings for Second Quarter 2016 (NYSE:MEP)
finance.yahoo.com - July 28 at 4:00 PM
streetinsider.com logoMidcoast Energy Partners (MEP) Declares $0.3575 Quarterly Dividend; 18.3% Yield (NYSE:MEP)
www.streetinsider.com - July 28 at 9:21 AM
marketwired.com logoMidcoast Energy Partners, L.P. Declares Distribution and Reports Earnings for Second Quarter 2016 (NYSE:MEP)
www.marketwired.com - July 28 at 9:21 AM
4-traders.com logoMidcoast Energy Partners : reports 2Q loss (NYSE:MEP)
www.4-traders.com - July 28 at 9:21 AM
finance.yahoo.com logo9:15 am Midcoast Energy Partners beats by $0.06, beats on revs (NYSE:MEP)
finance.yahoo.com - July 28 at 9:15 AM
biz.yahoo.com logoQ2 2016 Midcoast Energy Partners LP Earnings Release - Time Not Supplied (NYSE:MEP)
biz.yahoo.com - July 28 at 7:07 AM
sg.finance.yahoo.com logoMidcoast Energy reports 2Q loss (NYSE:MEP)
sg.finance.yahoo.com - July 28 at 6:09 AM
News IconEarnings Focus and Crowd Sourced Sentiment Review for Midcoast Energy Partners, L.P. (NYSE:MEP) - TGP (NYSE:MEP)
telanaganapress.com - July 22 at 6:03 PM
News IconMidcoast Energy Partners LP Has Another Very Weak Trading Session - Consumer Eagle (NYSE:MEP)
www.consumereagle.com - July 22 at 6:03 PM
news.cmlviz.com logoMidcoast Energy Partners, LP (NYSE:MEP) Upside Stock Technicals at Extreme Strength - CML News (NYSE:MEP)
news.cmlviz.com - July 22 at 6:03 PM
marketrealist.com logoEnbridge Energy Partners’ Q2 Earnings Expected to Grow 7% (NYSE:MEP)
marketrealist.com - July 22 at 4:46 PM
News IconWere Analysts Bearish Midcoast Energy Partners LP (NYSE:MEP) This Week? - Consumer Eagle (NYSE:MEP)
www.consumereagle.com - July 20 at 6:51 PM
News IconMidcoast Energy Partners, L.P. (NYSE:MEP): Sell-Side Ratings and Company Earnings Glance - Engelwood Daily (NYSE:MEP)
www.engelwooddaily.com - July 19 at 11:59 AM
ftsenews.co.uk logoNew Broker Ratings For Midcoast Energy Partners, L.P. (NYSE:MEP) - FTSE News (NYSE:MEP)
www.ftsenews.co.uk - July 18 at 6:17 PM
News IconConsensus Target and Stock Rating Report: Midcoast Energy Partners, L.P. (NYSE:MEP) - TGP (NYSE:MEP)
telanaganapress.com - July 18 at 6:17 PM
News IconShare Performance Summary for: Midcoast Energy Partners, L.P. (NYSE:MEP) - Press Telegraph (NYSE:MEP)
presstelegraph.com - July 18 at 6:17 PM
News IconMidcoast Energy Partners LP (NYSE:MEP) Shorted Shares Decreased By 0.06% - Consumer Eagle (NYSE:MEP)
www.consumereagle.com - July 15 at 5:14 PM
News IconMidcoast Energy Partners, LP to Webcast Its 2016 Second Quarter Financial Results - Power Engineering Magazine (NYSE:MEP)
www.power-eng.com - July 14 at 9:44 AM
finanznachrichten.de logoMidcoast Energy Partners, L.P. to Webcast Its 2016 Second Quarter Financial Results (NYSE:MEP)
www.finanznachrichten.de - July 13 at 6:30 PM
News IconMidcoast Energy Partners LP (NYSE:MEP): Stock Institutional Investors Are Happy About - Press Telegraph (NYSE:MEP)
presstelegraph.com - July 13 at 9:04 AM
News IconMidcoast Energy Partners, L.P. (NYSE:MEP) Earnings Concentration and Analyst Target Watch - Engelwood Daily (NYSE:MEP)
www.engelwooddaily.com - July 12 at 6:23 PM
News IconAnalyst Target and Average Rating Watch: Midcoast Energy Partners, L.P. (NYSE:MEP) - Press Telegraph (NYSE:MEP)
presstelegraph.com - July 12 at 6:23 PM
News IconStock Rating Watch and Earnings Insight for Midcoast Energy Partners, L.P. (NYSE:MEP) - Press Telegraph (NYSE:MEP)
presstelegraph.com - July 11 at 10:48 AM
ftsenews.co.uk logoMidcoast Energy Partners, L.P. (NYSE:MEP) Updated Price Targets - FTSE News (NYSE:MEP)
www.ftsenews.co.uk - July 11 at 10:48 AM
News IconWall Street Ratings and Target Price Views on Midcoast Energy Partners, L.P. (NYSE:MEP) - Telanagana Press (NYSE:MEP)
telanaganapress.com - July 9 at 9:30 AM
News IconCompany Stock Focus for Midcoast Energy Partners, L.P. (NYSE:MEP): Which Way Will Shares Head? - Press Telegraph (NYSE:MEP)
presstelegraph.com - July 7 at 6:10 PM
News IconShare Performance Recap for: Midcoast Energy Partners, L.P. (NYSE:MEP) - Press Telegraph (NYSE:MEP)
presstelegraph.com - July 5 at 10:43 AM
fiscalstandard.com logoMidcoast Energy Partners, L.P. (NYSE:MEP) Broker Price Targets For The Coming Week - Fiscal Standard (NYSE:MEP)
www.fiscalstandard.com - July 5 at 10:43 AM
News IconMidcoast Energy Partners, L.P. (NYSE:MEP) Company Rating and Target Watch - Telanagana Press (NYSE:MEP)
telanaganapress.com - July 1 at 8:57 AM
finance.yahoo.com logoMIDCOAST ENERGY PARTNERS, L.P. Financials (NYSE:MEP)
finance.yahoo.com - June 29 at 1:04 PM
News IconMidcoast Energy Partners, L.P. (NYSE:MEP) Earnings Glance and Target Price Review - Engelwood Daily (NYSE:MEP)
www.engelwooddaily.com - June 28 at 6:01 PM
News IconCovering the Bases on Midcoast Energy Partners, L.P. (NYSE:MEP): Where is the Stock Going? - Press Telegraph (NYSE:MEP)
presstelegraph.com - June 28 at 6:01 PM
News IconHow Many Midcoast Energy Partners LP (NYSE:MEP)'s Analysts Are Bearish? - Press Telegraph (NYSE:MEP)
presstelegraph.com - June 28 at 6:01 PM
News IconShare Update and Earnings Review for Midcoast Energy Partners, L.P. (NYSE:MEP) - Press Telegraph (NYSE:MEP)
presstelegraph.com - June 27 at 10:29 AM
News IconMidcoast Energy Partners LP (NYSE:MEP) Shorts Decreased by 0.06% After Short Covering - Engelwood Daily (NYSE:MEP)
www.engelwooddaily.com - June 27 at 10:29 AM
marketrealist.com logoIs Enbridge Energy Partners’ Discounted Valuation Justified? (NYSE:MEP)
marketrealist.com - June 27 at 7:00 AM
News IconShare Volatility Check for: Midcoast Energy Partners, L.P. (NYSE:MEP) - Press Telegraph (NYSE:MEP)
presstelegraph.com - June 25 at 9:55 AM
seekingalpha.com logoExamples In MLP Due Diligence - Midcoast Energy Partners (NYSE:MEP)
seekingalpha.com - June 23 at 6:35 PM
seekingalpha.com logoExamples In MLP Due Diligence - Midcoast Energy Partners - Seeking Alpha (NYSE:MEP)
seekingalpha.com - June 22 at 6:03 PM
fiscalstandard.com logoMidcoast Energy Partners, L.P. (NYSE:MEP) Current Analyst Ratings - Fiscal Standard (NYSE:MEP)
www.fiscalstandard.com - June 21 at 5:47 PM
fiscalstandard.com logoThis Weeks Broker Views For Midcoast Energy Partners, L.P. (NYSE:MEP) - Fiscal Standard (NYSE:MEP)
www.fiscalstandard.com - June 19 at 5:38 PM
kcregister.com logoToday's Stocks: Midcoast Energy Partners, L.P. (NYSE:MEP), Skyline Medical Inc. (NASDAQ:SKLN), Citigroup Inc ... - KC Register (NYSE:MEP)
www.kcregister.com - June 18 at 10:27 AM
news.cmlviz.com logoMidcoast Energy Partners, LP (NYSE:MEP) Fundamental Star Rating Report - CML News (NYSE:MEP)
news.cmlviz.com - June 9 at 6:22 PM

Social

Midcoast Energy Partners LP (NYSE:MEP) Chart for Sunday, August, 28, 2016


Last Updated on 8/28/2016 by MarketBeat.com Staff