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: $7.95
  • 50 Day Moving Average: $8.02
  • 200 Day Moving Average: $7.75
  • 52-Week Range: $3.76 - $9.89
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -8.55
  • P/E Growth: 0.23
  • Market Cap: $359.50M
  • Outstanding Shares: 45,220,000
  • Beta: 2.53
Profitability:
  • Net Margins: -4.29%
  • Return on Equity: -0.67%
  • Return on Assets: -0.51%
Debt:
  • Debt-to-Equity Ratio: 0.22%
  • Current Ratio: 0.62%
  • Quick Ratio: 0.40%
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, 2 Hold Ratings
Consensus Rating:Hold (Score: 1.67)
Consensus Price Target: $6.67 (16.14% downside)

Analysts' Ratings History for Midcoast Energy Partners LP (NYSE:MEP)
Show:
DateFirmActionRatingPrice TargetDetails
1/30/2017Credit Suisse GroupUpgradeUnderperform -> Neutral$6.00 -> $8.00View 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. (The)Lower Price TargetNeutral$13.00 -> $12.00View Rating Details
5/4/2015J P Morgan Chase & CoDowngradeNeutral -> Underweight$15.00 -> $13.00View Rating Details
5/1/2015Wells Fargo & CoDowngradeOutperform -> Market PerformView Rating Details
(Data available from 2/25/2015 forward)

Earnings

Earnings History for Midcoast Energy Partners LP (NYSE:MEP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017        
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
7/30/2015Q215($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: $-1.15 EPS
Next Year EPS Consensus Estimate: $-0.93 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:17.99%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-81.25% (Based on Trailing 12 Months of Earnings)
-124.35% (Based on Current Year Consensus EPS Estimate)
-153.76% (Based on Next Year Consensus EPS Estimate)
Track Record:2 Years of Consecutive Dividend Growth

Dividend History 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 History for Midcoast Energy Partners LP (NYSE:MEP)
Institutional Ownership Percentage: 64.71%
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 IconChecking the Metrics on Shares of Midcoast Energy Partners, LP (NYSE:MEP) - Midway Monitor (NYSE:MEP)
midwaymonitor.com - February 23 at 7:07 AM
finance.yahoo.com logoMIDCOAST ENERGY PARTNERS, L.P. Financials (NYSE:MEP)
finance.yahoo.com - February 22 at 6:38 PM
News IconTechnical Trading: Focus on Shares of Midcoast Energy Partners LP (MEP) - Davidson Register (NYSE:MEP)
davidsonregister.com - February 22 at 8:22 AM
biz.yahoo.com logoMIDCOAST ENERGY PARTNERS, L.P. Files SEC form 8-K, Change in Directors or Principal Officers (NYSE:MEP)
biz.yahoo.com - February 21 at 6:23 PM
4-traders.com logoMidcoast Energy Partners LP : , L.P. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K) (NYSE:MEP)
www.4-traders.com - February 17 at 7:34 PM
News IconSession Recap: Viewing Unusual Volume for Midcoast Energy Partners, LP (NYSE:MEP) (NYSE:MEP)
emfizz.com - February 17 at 7:34 PM
reuters.com logoBRIEF-Midcoast Energy Partners L.P. reports qtrly operating revenue $620.5 mln (NYSE:MEP)
www.reuters.com - February 17 at 7:34 PM
biz.yahoo.com logoMIDCOAST ENERGY PARTNERS, L.P. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statement (NYSE:MEP)
us.rd.yahoo.com - February 17 at 7:34 PM
sg.finance.yahoo.com logoMidcoast Energy reports 4Q loss (NYSE:MEP)
us.rd.yahoo.com - February 17 at 7:34 PM
finance.yahoo.com logoMidcoast Energy Partners, L.P. Files Annual Report on Form 10-K (NYSE:MEP)
finance.yahoo.com - February 17 at 2:33 PM
finance.yahoo.com logoEnbridge Energy Partners, L.P. and Enbridge Energy Management, L.L.C. File Annual Reports on Form 10-K (NYSE:MEP)
finance.yahoo.com - February 17 at 2:33 PM
finance.yahoo.com logoMidcoast Energy Partners, LP Reports Earnings for Fourth Quarter 2016 - Yahoo Finance (NYSE:MEP)
finance.yahoo.com - February 16 at 6:04 PM
biz.yahoo.com logoMIDCOAST ENERGY PARTNERS, L.P. Files SEC form 10-K, Annual Report (NYSE:MEP)
biz.yahoo.com - February 16 at 6:04 PM
News IconTraders are Taking a Closer Look at These Shares: Midcoast Energy Partners LP (MEP) - Sherwood Daily (NYSE:MEP)
sherwooddaily.com - February 10 at 7:21 PM
News IconWatching the Technicals on Shares of Midcoast Energy Partners LP (MEP) - Providence Standard (NYSE:MEP)
providencestandard.com - February 8 at 7:18 PM
nasdaq.com logoMidcoast Energy Partners, L.P. (MEP) Ex-Dividend Date Scheduled for February 03, 2017 - Nasdaq (NYSE:MEP)
www.nasdaq.com - February 4 at 6:30 PM
News IconMidcoast Energy Partners LP (MEP) is Upgraded by Credit Suisse to " Neutral" (NYSE:MEP)
prensariotiretail.com - February 2 at 7:18 PM
streetinsider.com logoForm 8-K Midcoast Energy Partners For: Jan 30 (NYSE:MEP)
www.streetinsider.com - January 31 at 7:25 PM
4-traders.com logoMIDCOAST ENERGY PARTNERS, L.P. : Other Events, Financial Statements and Exhibits (form 8-K) (NYSE:MEP)
www.4-traders.com - January 31 at 7:25 PM
marketrealist.com logoEnbridge Acquires Midcoast Energy Partners: Key Highlights (NYSE:MEP)
marketrealist.com - January 31 at 5:15 AM
us.rd.yahoo.com logoMidcoast Energy Partners upgraded by Credit Suisse (NYSE:MEP)
us.rd.yahoo.com - January 31 at 5:15 AM
News IconLevels in Review for Midcoast Energy Partners, L.P. (NYSE:MEP) - The Tribune (NYSE:MEP)
lakecitytribune.com - January 30 at 7:12 PM
News IconEnbridge privatising Midcoast Energy Partners (NYSE:MEP)
ijglobal.com - January 30 at 9:50 AM
finance.yahoo.com logoBlog Coverage Enbridge Acquires Midcoast Energy Partners; Announced Distribution for Q4 FY16 (NYSE:MEP)
finance.yahoo.com - January 30 at 9:50 AM
4-traders.com logoMIDCOAST ENERGY PARTNERS, L.P. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) (NYSE:MEP)
www.4-traders.com - January 28 at 6:37 PM
News IconStock Looking Bearish Out Of The Gate, Gapping Down: Midcoast ... - Aiken Advocate (NYSE:MEP)
aikenadvocate.com - January 28 at 5:04 AM
News IconUnorthodox Volume Noted Mid-Session in Shares of Midcoast Energy Partners, L.P. (NYSE:MEP) - Aiken Advocate (NYSE:MEP)
aikenadvocate.com - January 28 at 5:04 AM
News IconEnbridge To Take Midcoast Energy Private For $170 Million - Oil and Gas Investor (registration) (NYSE:MEP)
www.oilandgasinvestor.com - January 28 at 5:04 AM
nasdaq.com logoEnbridge to take Midcoast Energy Partners private for $170 mln - Nasdaq (NYSE:MEP)
www.nasdaq.com - January 28 at 5:04 AM
marketexclusive.com logoMIDCOAST ENERGY PARTNERS, L.P. (NYSE:MEP) Files An 8-K Entry into a Material Definitive Agreement - Market Exclusive (NYSE:MEP)
marketexclusive.com - January 28 at 5:04 AM
prnewswire.com logoHarwood Feffer LLP Announces Investigation of Midcoast Energy Partners, L.P. - PR Newswire (press release) (NYSE:MEP)
www.prnewswire.com - January 28 at 5:04 AM
nasdaq.com logoEnbridge To Take Private Midcoast Energy Partners LP - Quick Facts - Nasdaq (NYSE:MEP)
www.nasdaq.com - January 28 at 5:04 AM
finance.yahoo.com logoMidcoast Energy Partners, L.P. Declares Distribution for Fourth Quarter 2016; Announces Agreement for Affiliate to ... - Yahoo Finance (NYSE:MEP)
finance.yahoo.com - January 28 at 5:04 AM
seekingalpha.com logoEnbridge to buy Midcoast Energy Partners for $170M (NYSE:MEP)
seekingalpha.com - January 28 at 12:03 AM
4-traders.com logoMIDCOAST ENERGY PARTNERS, L.P. (NYSE:MEP) Files An 8-K Entry into a Material Definitive Agreement (NYSE:MEP)
www.4-traders.com - January 28 at 12:03 AM
reuters.com logoBRIEF-Midcoast Energy says Enbridge Energy to buy all of co's outstanding units (NYSE:MEP)
www.reuters.com - January 28 at 12:03 AM
us.rd.yahoo.com logo6:03 am Midcoast Energy Partners to be acquired by Enbridge Energy (ENB (NYSE:MEP)
us.rd.yahoo.com - January 28 at 12:03 AM
us.rd.yahoo.com logoHarwood Feffer LLP Announces Investigation of Midcoast Energy Partners, L.P. (NYSE:MEP)
us.rd.yahoo.com - January 28 at 12:03 AM
biz.yahoo.com logoMIDCOAST ENERGY PARTNERS, L.P. Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:MEP)
biz.yahoo.com - January 28 at 12:03 AM
News IconMidcoast Energy Partners, LP (NYSE:MEP) Valuation According To Analysts - Phone Mantra (NYSE:MEP)
phonemantra.com - January 26 at 9:23 PM
News IconWilliams %R, RSI, and ADX Update for Midcoast Energy Partners LP (MEP) - Sherwood Daily (NYSE:MEP)
sherwooddaily.com - January 26 at 9:23 PM
News IconWall Street Holds Inauguration Gains, How Did This Stock Fare: Midcoast Energy Partners, L.P. (NYSE:MEP) - Wall Street Beacon (NYSE:MEP)
wsbeacon.com - January 24 at 7:13 PM
News IconTrading Sheet: Tracking Technicals for Midcoast Energy Partners L.P. (MEP) - Sherwood Daily (NYSE:MEP)
sherwooddaily.com - January 24 at 7:13 PM
News IconEarnings in Full Force, Analysts Take Aim at Midcoast Energy Partners, L.P. (NYSE:MEP) - Wall Street Beacon (NYSE:MEP)
wsbeacon.com - January 24 at 7:13 PM
News IconTrump Sworn In as S&P Declined, How Did this Stock Perform This Week: Midcoast Energy Partners, L.P. (NYSE:MEP) - Aiken Advocate (NYSE:MEP)
aikenadvocate.com - January 21 at 6:19 PM
News IconInvestor Sphere: Keeping an Eye on Levels for Midcoast Energy Partners L.P. (MEP) - Rives Journal (NYSE:MEP)
rivesjournal.com - January 21 at 6:19 PM
News IconGearing Up For a Bull Run? Analysts Weigh in on Midcoast Energy Partners, L.P. (NYSE:MEP) - Wall Street Beacon (NYSE:MEP)
wsbeacon.com - January 21 at 12:20 AM
News IconStock Perspective: Midcoast Energy Partners, L.P. (NYSE:MEP) Earnings in View - Aiken Advocate (NYSE:MEP)
aikenadvocate.com - January 19 at 8:32 PM
fool.com logoWhy Shares of Midcoast Energy Partners and DCP Midstream Partners Gained Ground in December (NYSE:MEP)
www.fool.com - January 6 at 7:12 PM
News IconShares in Focus: Midcoast Energy Partners, L.P. (NYSE:MEP) - OIB News (NYSE:MEP)
oibnews.com - December 20 at 12:22 PM

Social

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. Investors 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 dividend on an annualized basis and a yield of 17.99%. The ex-dividend date of this dividend is Friday, February 3rd.

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

3 brokers have issued twelve-month price targets for Midcoast Energy Partners LP's shares. Their predictions range from $5.00 to $8.00. On average, they anticipate Midcoast Energy Partners LP's stock price to reach $6.67 in the next twelve months.

When will Midcoast Energy Partners LP announce their earnings?

Midcoast Energy Partners LP is scheduled to release their next quarterly earnings announcement on Thursday, April, 27th 2017.

Who owns Midcoast Energy Partners LP stock?

Midcoast Energy Partners LP's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include KAYNE ANDERSON CAPITAL ADVISORS LP Total Shares: 2,562,572 (11.33%), GSA Capital Partners LLP (0.16%) and Guggenheim Capital LLC (0.08%). Company insiders that own Midcoast Energy Partners LP stock include C Gregory Harper, Dan Allen Westbrook, David A Weathers, E Chris Kaitson, James G Ivey and Stephen J Neyland.

Who sold Midcoast Energy Partners LP stock? Who is selling Midcoast Energy Partners LP stock?

Midcoast Energy Partners LP's stock was sold by a variety of institutional investors in the last quarter, including Guggenheim Capital LLC and GSA Capital Partners LLP.

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.

How much does a share of Midcoast Energy Partners LP stock cost?

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

Midcoast Energy Partners LP (NYSE:MEP) Chart for Saturday, February, 25, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Midcoast Energy Partners LP (NYSE:MEP)

Earnings History Chart

Earnings by Quarter for Midcoast Energy Partners LP (NYSE:MEP)

Dividend History Chart

Dividend Payments by Quarter for Midcoast Energy Partners LP (NYSE:MEP)

Last Updated on 2/25/2017 by MarketBeat.com Staff