About Midcoast Energy Partners LP (NYSE:MEP)
Midcoast 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/
- 50 Day Moving Avg: $7.95
- 200 Day Moving Avg: $7.96
- 52 Week Range: $5.30 - $9.42
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -8.55
- P/E Growth: 0.00
- Annual Dividend: $1.43
- Dividend Yield: 18.0%
- Net Margins: -5.25%
- Return on Equity: -34.51%
- Return on Assets: -2.64%
- Debt-to-Equity Ratio: 0.22%
- Current Ratio: 0.62%
- Quick Ratio: 0.40%
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 declared a quarterly dividend on Friday, January 27th. Stockholders of record on Tuesday, February 7th will be given 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) posted its earnings results on Wednesday, February, 15th. The company reported ($0.19) earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.19). The company earned $620.50 million during the quarter, compared to the consensus estimate of $541.74 million. Midcoast Energy Partners LP had a negative return on equity of 34.51% and a negative net margin of 5.25%. The firm's quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business 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 12 month target prices for Midcoast Energy Partners LP's shares. Their predictions range from $8.00 to $8.00. On average, they expect Midcoast Energy Partners LP's stock price to reach $8.00 in the next twelve months. View Analyst Ratings for Midcoast Energy Partners LP.
Who are some of Midcoast Energy Partners LP's key competitors?
Some companies that are related to Midcoast Energy Partners LP include Exxon Mobil Corporation (XOM), BP p.l.c. (BP), BP plc (BP), China Petroleum & Chemical Corporation (SNP), Suncor Energy (SU), Phillips 66 (PSX), Valero Energy Corporation (VLO), Marathon Petroleum Corporation (MPC), Imperial Oil Ltd (IMO), Sasol (SSL), Andeavor (ANDV), Tesoro Corporation (ANDV), Hess Corporation (HES), Western Gas Equity Partners, LP (WGP), Markwest Energy Partners LP (MWE), Western Gas Partners, LP (WES), AmeriGas Partners, L.P. (APU) and PBF Energy (PBF).
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?
MarketBeat Community Rating for Midcoast Energy Partners LP (NYSE MEP)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.
One share of Midcoast Energy Partners LP stock can currently be purchased for approximately $7.95.
Earnings History for Midcoast Energy Partners LP (NYSE:MEP)Earnings History by Quarter for Midcoast Energy Partners LP (NYSE MEP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/15/2017||Q4 2016||($0.19)||($0.19)||$541.74 million||$620.50 million||View||N/A|
|10/31/2016||Q316||($0.17)||($0.25)||$457.83 million||$486.00 million||View||Listen|
|7/28/2016||Q216||($0.29)||($0.16)||$642.14 million||$427.60 million||View||Listen|
|5/2/2016||Q116||($0.27)||($0.12)||$693.42 million||$431.90 million||View||N/A|
|2/16/2016||Q415||($0.15)||($0.04)||$759.79 million||$528.10 million||View||Listen|
|10/29/2015||Q315||($0.18)||($0.02)||$853.18 million||$661.00 million||View||Listen|
|7/29/2015||Q215||($0.05)||($0.06)||$1.05 billion||$780.10 million||View||Listen|
|4/29/2015||Q115||$0.03||($0.06)||$1.44 billion||$873.50 million||View||Listen|
|2/17/2015||Q414||($0.08)||($0.08)||$1.44 billion||$1.45 billion||View||Listen|
|10/30/2014||Q314||$0.09||($0.08)||$1.65 billion||$1.40 billion||View||N/A|
|4/29/2014||Q1 2014||$0.11||($0.02)||$1.25 billion||$1.65 billion||View||Listen|
|2/12/2014||Q4 13||$0.13||($0.01)||$1.35 billion||$1.54 billion||View||Listen|
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
Current Dividend Information for Midcoast Energy Partners LP (NYSE:MEP)
|Most Recent Dividend:||2/14/2017|
|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 History by Quarter for Midcoast Energy Partners LP (NYSE MEP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
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)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/25/2016||E Chris Kaitson||VP||Buy||2,250||$3.93||$8,842.50|| |
|12/17/2015||Stephen J Neyland||VP||Buy||3,570||$6.98||$24,918.60|| |
|12/16/2015||David A Weathers||VP||Buy||3,000||$7.00||$21,000.00|| |
|11/12/2015||C Gregory Harper||President||Buy||1,000||$10.65||$10,650.00|| |
|9/29/2015||Dan Allen Westbrook||Chairman||Buy||4,000||$10.21||$40,840.00|| |
|9/17/2015||James G Ivey||Director||Buy||2,000||$10.68||$21,360.00|| |
|6/4/2015||James G Ivey||Director||Buy||1,000||$11.80||$11,800.00|| |
|5/18/2015||David A Weathers||VP||Buy||2,000||$13.08||$26,160.00|| |
|2/25/2015||James G Ivey||Director||Buy||1,000||$15.00||$15,000.00|| |
|12/16/2014||David A Weathers||VP||Buy||1,000||$13.70||$13,700.00|| |
|12/10/2014||Terrance L Mcgill||Insider||Buy||2,000||$14.28||$28,560.00|| |
|11/7/2014||Kerry Connell Puckett||VP||Buy||3,000||$14.21||$42,630.00|| |
|11/7/2014||Mark A Maki||Insider||Buy||5,000||$14.23||$71,150.00|| |
|11/6/2014||Dan Allen Westbrook||Director||Buy||3,500||$14.40||$50,400.00|| |
|11/6/2014||John A Loiacono||VP||Buy||5,000||$14.84||$74,200.00|| |
|11/6/2014||Terrance L Mcgill||Insider||Buy||3,000||$14.50||$43,500.00|| |
|8/8/2014||Janet L Coy||VP||Buy||1,000||$20.48||$20,480.00|| |
|6/23/2014||James G Ivey||Director||Buy||1,000||$21.70||$21,700.00|| |
|3/27/2014||James Ivey||Director||Buy||2,500||$20.03||$50,075.00|| |
|3/19/2014||Dan Allen Westbrook||Director||Buy||2,500||$20.42||$51,050.00|| |
|3/11/2014||C Gregory Harper||Insider||Buy||2,350||$20.30||$47,705.00|| |
|3/7/2014||C Gregory Harper||Insider||Buy||2,590||$20.18||$52,266.20|| |
|2/27/2014||Edmund Segner III||Director||Buy||7,429||$20.64||$153,334.56|| |
|2/26/2014||James Ivey||Director||Buy||2,500||$20.41||$51,025.00|| |
|11/13/2013||Dan Allen Westbrook||Director||Buy||5,000||$18.00||$90,000.00|| |
|11/13/2013||Stephen J Neyland||VP||Buy||4,700||$18.00||$84,600.00|| |
|11/13/2013||Terrance L Mcgill||Insider||Buy||20,000||$18.00||$360,000.00|| |
Headline Trends for Midcoast Energy Partners LP (NYSE:MEP)
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Midcoast Energy Partners LP (MEP) Chart for Monday, October, 23, 2017