About Midcoast Energy Partners LP
Midcoast 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
- 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
- Net Margins: -4.29%
- Return on Equity: -0.67%
- Return on Assets: -0.51%
Companies Related to Midcoast Energy Partners LP:
- Debt-to-Equity Ratio: 0.22%
- Current Ratio: 0.62%
- Quick Ratio: 0.40%
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
(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.