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: Oils/Energy
  • Industry: Independent Oil & Gas
  • Sub-Industry: N/A
  • Symbol: NYSE:MEP
  • CUSIP: N/A
  • Web: www.midcoastpartners.com
Average Prices:
  • 50 Day Moving Avg: $7.97
  • 200 Day Moving Avg: $7.66
  • 52 Week Range: $5.30 - $9.89
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: -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%
Misc:
  • Average Volume: 99,746 shs.
  • 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. 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 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 quarterly earnings data on Wednesday, February, 15th. The company reported ($0.19) EPS for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.19). The firm earned $620.50 million during the quarter, compared to the consensus estimate of $541.74 million. Midcoast Energy Partners LP had a negative net margin of 4.29% and a negative return on equity of 0.67%. The firm's revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior 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 analysts have issued 12-month price targets for Midcoast Energy Partners LP's stock. Their forecasts 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 year. View Analyst Ratings for Midcoast Energy Partners LP.

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

Who owns Midcoast Energy Partners LP stock?

Midcoast Energy Partners LP's stock is owned by a variety of of retail and institutional investors. Top institutional investors include OppenheimerFunds Inc. (0.00%), Kayne Anderson Capital Advisors LP (0.00%), Atlantic Trust Group LLC (0.00%), Bank of Montreal Can (0.55%), OMERS ADMINISTRATION Corp (0.00%) and Chicago Capital Management LLC (0.30%). 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. View Institutional Ownership Trends for Midcoast Energy Partners LP.

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 SFE Investment Counsel, Morgan Stanley, UBS Group AG, OppenheimerFunds Inc. and Wells Fargo & Company MN. View Insider Buying and Selling for Midcoast Energy Partners LP.

Who bought Midcoast Energy Partners LP stock? Who is buying Midcoast Energy Partners LP stock?

Midcoast Energy Partners LP's stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, OMERS ADMINISTRATION Corp, Chicago Capital Management LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Gabelli Funds LLC, Berkley W R Corp, Atlantic Trust Group LLC and Goldman Sachs Group Inc.. Company insiders that have bought Midcoast Energy Partners LP stock in the last two years include C Gregory Harper, Dan Allen Westbrook, David A Weathers, E Chris Kaitson, James G Ivey and Stephen J Neyland. View Insider Buying and Selling for Midcoast Energy Partners LP.

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.

Analyst Ratings

Consensus Ratings for Midcoast Energy Partners LP (NYSE:MEP) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $8.00 (0.63% upside)

Analysts' Ratings History for Midcoast Energy Partners LP (NYSE:MEP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
1/30/2017Credit Suisse Group AGUpgradeUnderperform -> 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
9/11/2015Goldman Sachs Group IncLower Price TargetNeutral$13.00 -> $12.00N/AView Rating Details
(Data available from 5/28/2015 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)
Latest Headlines for Midcoast Energy Partners LP (NYSE:MEP)
Source:
DateHeadline
americanbankingnews.com logoMidcoast Energy Partners (MEP) Given Daily Coverage Optimism Rating of 0.29
www.americanbankingnews.com - May 2 at 1:32 PM
americanbankingnews.com logoMidcoast Energy Partners (MEP) Earning Somewhat Favorable News Coverage, Analysis Finds
www.americanbankingnews.com - April 27 at 6:58 PM
americanbankingnews.com logoMidcoast Energy Partners LP (MEP) Expected to Post Earnings of -$0.25 Per Share
www.americanbankingnews.com - April 27 at 12:20 AM
americanbankingnews.com logoMidcoast Energy Partners (MEP) Getting Positive Media Coverage, Analysis Shows
www.americanbankingnews.com - April 23 at 10:45 PM
finance.yahoo.com logoEnbridge Inc. to Host a Joint Webcast with Enbridge Income Fund Holdings Inc., Enbridge Energy Partners, L.P. and Spectra Energy Partners, LP to Discuss First Quarter Financial Results on May 11
finance.yahoo.com - April 21 at 9:59 AM
americanbankingnews.com logo Analysts Anticipate Midcoast Energy Partners LP (MEP) Will Announce Earnings of -$0.25 Per Share
www.americanbankingnews.com - April 19 at 10:28 PM
americanbankingnews.com logoMidcoast Energy Partners (MEP) Earning Somewhat Positive News Coverage, Report Finds
www.americanbankingnews.com - April 18 at 12:14 AM
americanbankingnews.com logoSomewhat Positive News Coverage Extremely Likely to Impact Midcoast Energy Partners (MEP) Share Price
www.americanbankingnews.com - April 14 at 9:09 PM
finance.yahoo.com logoMIDCOAST ENERGY PARTNERS, L.P. Financials
finance.yahoo.com - February 22 at 6:38 PM
biz.yahoo.com logoMIDCOAST ENERGY PARTNERS, L.P. Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - February 21 at 6:23 PM
reuters.com logoBRIEF-Midcoast Energy Partners L.P. reports qtrly operating revenue $620.5 mln
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
us.rd.yahoo.com - February 17 at 7:34 PM
sg.finance.yahoo.com logoMidcoast Energy reports 4Q loss
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
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
finance.yahoo.com - February 17 at 2:33 PM
finance.yahoo.com logoMidcoast Energy Partners, LP Reports Earnings for Fourth Quarter 2016 - Yahoo Finance
finance.yahoo.com - February 16 at 6:04 PM
biz.yahoo.com logoMIDCOAST ENERGY PARTNERS, L.P. Files SEC form 10-K, Annual Report
biz.yahoo.com - February 16 at 6:04 PM
nasdaq.com logoMidcoast Energy Partners, L.P. (MEP) Ex-Dividend Date Scheduled for February 03, 2017 - Nasdaq
www.nasdaq.com - February 4 at 6:30 PM
streetinsider.com logoForm 8-K Midcoast Energy Partners For: Jan 30
www.streetinsider.com - January 31 at 7:25 PM
us.rd.yahoo.com logoMidcoast Energy Partners upgraded by Credit Suisse
us.rd.yahoo.com - January 31 at 5:15 AM
finance.yahoo.com logoBlog Coverage Enbridge Acquires Midcoast Energy Partners; Announced Distribution for Q4 FY16
finance.yahoo.com - January 30 at 9:50 AM
nasdaq.com logoEnbridge to take Midcoast Energy Partners private for $170 mln - Nasdaq
www.nasdaq.com - January 28 at 5:04 AM
prnewswire.com logoHarwood Feffer LLP Announces Investigation of Midcoast Energy Partners, L.P. - PR Newswire (press release)
www.prnewswire.com - January 28 at 5:04 AM
nasdaq.com logoEnbridge To Take Private Midcoast Energy Partners LP - Quick Facts - Nasdaq
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
finance.yahoo.com - January 28 at 5:04 AM
seekingalpha.com logoEnbridge to buy Midcoast Energy Partners for $170M
seekingalpha.com - January 28 at 12:03 AM
reuters.com logoBRIEF-Midcoast Energy says Enbridge Energy to buy all of co's outstanding units
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) for cash at $8.00 per common unit for an aggregate transaction value of $170.2 million
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.
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
biz.yahoo.com - January 28 at 12:03 AM

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Chart

Midcoast Energy Partners LP (MEP) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by MarketBeat.com Staff