Midcoast Energy Partners Stock Price, News & Analysis (NYSE:MEP)

$7.95 -0.05 (-0.63 %)
(As of 01/22/2018 08:34 AM ET)
Previous Close$8.00
Today's Range$7.95 - $8.00
52-Week Range$5.30 - $9.89
Volume145,300 shs
Average Volume184,267 shs
Market Capitalization$366.84 million
P/E Ratio-2.17
Dividend Yield17.88%
Beta2.45

About Midcoast Energy Partners (NYSE:MEP)

Midcoast Energy Partners 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.

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Industry, Sector and Symbol

Industry Oil & Gas Refining and Marketing
Sub-IndustryN/A
SectorEnergy
SymbolNYSE:MEP
CUSIPN/A
Phone+1-713-8212000

Debt

Debt-to-Equity Ratio0.22%
Current Ratio0.62%
Quick Ratio0.40%

Price-To-Earnings

Trailing P/E Ratio-2.16621253405995
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A

Profitability

Trailing EPS($3.67)
Net IncomeN/A
Net Margins-5.25%
Return on Equity-34.51%
Return on Assets-2.64%

Miscellaneous

EmployeesN/A
Outstanding Shares22,610,000

Midcoast Energy Partners (NYSE:MEP) Frequently Asked Questions

What is Midcoast Energy Partners' stock symbol?

Midcoast Energy Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEP."

How often does Midcoast Energy Partners pay dividends? What is the dividend yield for Midcoast Energy Partners?

Midcoast Energy Partners announced a quarterly dividend on Friday, January 27th. Shareholders 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 is Friday, February 3rd. View Midcoast Energy Partners' Dividend History.

How were Midcoast Energy Partners' earnings last quarter?

Midcoast Energy Partners LP (NYSE:MEP) posted its quarterly earnings data on Wednesday, February, 15th. The oil and gas producer reported ($0.19) EPS for the quarter, meeting the Zacks' consensus estimate of ($0.19). The oil and gas producer had revenue of $620.50 million for the quarter, compared to analyst estimates of $541.74 million. Midcoast Energy Partners had a negative return on equity of 34.51% and a negative net margin of 5.25%. The firm's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) earnings per share. View Midcoast Energy Partners' Earnings History.

Where is Midcoast Energy Partners' stock going? Where will Midcoast Energy Partners' stock price be in 2018?

1 brokerages have issued 1 year target prices for Midcoast Energy Partners' stock. Their forecasts range from $8.00 to $8.00. On average, they expect Midcoast Energy Partners' stock price to reach $8.00 in the next year. View Analyst Ratings for Midcoast Energy Partners.

Who are some of Midcoast Energy Partners' key competitors?

How do I buy Midcoast Energy Partners stock?

Shares of Midcoast Energy Partners can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Midcoast Energy Partners' stock price today?

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

How big of a company is Midcoast Energy Partners?

Midcoast Energy Partners has a market capitalization of $366.84 million.

How can I contact Midcoast Energy Partners?

Midcoast Energy Partners' mailing address is 1100 Louisiana St Ste 3300, HOUSTON, TX 77002-5216, United States. The oil and gas producer can be reached via phone at +1-713-8212000.


MarketBeat Community Rating for Midcoast Energy Partners (MEP)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  117 (Vote Outperform)
Underperform Votes:  193 (Vote Underperform)
Total Votes:  310
MarketBeat's community ratings are surveys of what our community members think about Midcoast Energy Partners 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.

Analyst Ratings

Midcoast Energy Partners (NYSE:MEP) Analysts' Consensus Rating

  (How are Consensus Ratings Calculated?)
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldHoldHold
Consensus Rating Score: 2.002.002.002.00
Ratings Breakdown: 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $8.00$8.00$8.00$8.00
Price Target Upside: 4.19% downside4.19% downside4.19% downside4.19% downside

Midcoast Energy Partners (NYSE:MEP) Consensus Price Target History

Price Target History for Midcoast Energy Partners (NYSE:MEP)

Midcoast Energy Partners (NYSE:MEP) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/30/2017Credit Suisse GroupUpgradeUnderperform -> Neutral$6.00 -> $8.00N/AView Rating Details
4/13/2016BarclaysInitiated CoverageEqual Weight$7.00N/AView Rating Details
2/25/2016Morgan StanleyInitiated CoverageUnderweight$5.00N/AView Rating Details
(Data available from 1/22/2016 forward)

Earnings

Midcoast Energy Partners (NYSE:MEP) Earnings History and Estimates Chart

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

Midcoast Energy Partners (NYSE MEP) Earnings History by Quarter

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
(Earnings results data provided by Zacks Investment Research)

Estimates

Midcoast Energy Partners (NYSE:MEP) Earnings Estimates

No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Midcoast Energy Partners (NYSE:MEP) Dividend Information

Most Recent Dividend:2/14/2017
Annual Dividend:$1.43
Dividend Yield:17.99%
Dividend Growth:-32.10% (3 Year Average)
Payout Ratio:-38.96% (Trailing 12 Months of Earnings)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Midcoast Energy Partners (NYSE:MEP)

Midcoast Energy Partners (NYSE:MEP) Dividend History by Quarter

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

Midcoast Energy Partners (NYSE MEP) Insider Trading and Institutional Ownership History

Institutional Ownership Percentage: 64.71%
Insider Trades by Quarter for Midcoast Energy Partners (NYSE:MEP)
Institutional Ownership by Quarter for Midcoast Energy Partners (NYSE:MEP)

Midcoast Energy Partners (NYSE MEP) Insider Trades by Quarter

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After 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$10,650.006,620View SEC Filing  
9/29/2015Dan Allen WestbrookChairmanBuy4,000$10.21$40,840.00View SEC Filing  
9/17/2015James G IveyDirectorBuy2,000$10.68$21,360.0010,000View SEC Filing  
7/17/2015Fadi NammourInsiderBuy20,000$0.26$5,200.00
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$50,075.005,000View SEC Filing  
3/19/2014Dan Allen WestbrookDirectorBuy2,500$20.42$51,050.00View SEC Filing  
3/11/2014C Gregory HarperInsiderBuy2,350$20.30$47,705.004,940View SEC Filing  
3/7/2014C Gregory HarperInsiderBuy2,590$20.18$52,266.202,590View SEC Filing  
2/27/2014Edmund Segner IIIDirectorBuy7,429$20.64$153,334.567,429View SEC Filing  
2/26/2014James IveyDirectorBuy2,500$20.41$51,025.002,500View 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

Midcoast Energy Partners (NYSE MEP) News Headlines

Source:
DateHeadline
Head to Head Survey: Midcoast Energy Partners (MEP) versus China Petroleum & Chemical (SNP)Head to Head Survey: Midcoast Energy Partners (MEP) versus China Petroleum & Chemical (SNP)
www.americanbankingnews.com - January 6 at 9:12 PM
Midcoast Energy Partners (MEP) & Cosan (CZZ) Head-To-Head ComparisonMidcoast Energy Partners (MEP) & Cosan (CZZ) Head-To-Head Comparison
www.americanbankingnews.com - December 18 at 5:24 AM
Phillips 66 (PSX) vs. Midcoast Energy Partners (MEP) Head-To-Head SurveyPhillips 66 (PSX) vs. Midcoast Energy Partners (MEP) Head-To-Head Survey
www.americanbankingnews.com - December 17 at 11:36 PM
Head-To-Head Review: Midcoast Energy Partners (MEP) & Cosan (CZZ)Head-To-Head Review: Midcoast Energy Partners (MEP) & Cosan (CZZ)
www.americanbankingnews.com - December 6 at 9:30 AM
Analyzing Crestwood Equity Partners (CEQP) and Midcoast Energy Partners (MEP)Analyzing Crestwood Equity Partners (CEQP) and Midcoast Energy Partners (MEP)
www.americanbankingnews.com - October 27 at 11:48 AM
Comparing Midcoast Energy Partners (MEP) and Its PeersComparing Midcoast Energy Partners (MEP) and Its Peers
www.americanbankingnews.com - October 18 at 4:08 AM
Comparing Midcoast Energy Partners (MEP) and Its RivalsComparing Midcoast Energy Partners (MEP) and Its Rivals
www.americanbankingnews.com - October 17 at 4:08 AM
MLP Stocks: The Biggest Losers in 1Q17MLP Stocks: The Biggest Losers in 1Q17
finance.yahoo.com - October 6 at 10:26 AM
Enbridge 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 11Enbridge 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 - October 6 at 10:26 AM
Midcoast Energy Partners to Be Removed from the Alerian Small Cap MLP IndexMidcoast Energy Partners to Be Removed from the Alerian Small Cap MLP Index
finance.yahoo.com - October 6 at 10:26 AM
Shares of Enbridge Energy Partners Continued to Slide in MayShares of Enbridge Energy Partners Continued to Slide in May
finance.yahoo.com - October 6 at 10:26 AM
Exxon Mobil Corporation (XOM) vs. Midcoast Energy Partners (MEP) Head-To-Head SurveyExxon Mobil Corporation (XOM) vs. Midcoast Energy Partners (MEP) Head-To-Head Survey
www.americanbankingnews.com - October 3 at 12:30 AM
Comparing Midcoast Energy Partners (MEP) & Its CompetitorsComparing Midcoast Energy Partners (MEP) & Its Competitors
www.americanbankingnews.com - September 30 at 12:26 PM
Head to Head Review: Midcoast Energy Partners (MEP) and Its PeersHead to Head Review: Midcoast Energy Partners (MEP) and Its Peers
www.americanbankingnews.com - September 25 at 6:32 AM
Midcoast Energy Partners (MEP) versus Ngl Energy Partners Lp (NGL) Head to Head ContrastMidcoast Energy Partners (MEP) versus Ngl Energy Partners Lp (NGL) Head to Head Contrast
www.americanbankingnews.com - September 20 at 10:28 PM
Sasol (SSL) versus Midcoast Energy Partners (MEP) Financial ComparisonSasol (SSL) versus Midcoast Energy Partners (MEP) Financial Comparison
www.americanbankingnews.com - September 3 at 10:24 PM
Reviewing Sprague Resources (SRLP) and Midcoast Energy Partners (NYSE:MEP)Reviewing Sprague Resources (SRLP) and Midcoast Energy Partners (NYSE:MEP)
www.americanbankingnews.com - August 12 at 8:12 PM
Marathon Petroleum Corporation (MPC) & Midcoast Energy Partners (NYSE:MEP) Head-To-Head ComparisonMarathon Petroleum Corporation (MPC) & Midcoast Energy Partners (NYSE:MEP) Head-To-Head Comparison
www.americanbankingnews.com - July 26 at 9:18 AM
BRIEF-Enbridge Energy Partners enters seventh amendment to credit agreementBRIEF-Enbridge Energy Partners enters seventh amendment to credit agreement
www.reuters.com - June 9 at 12:29 AM
MIDCOAST ENERGY PARTNERS, L.P. Files SEC form 8-K, Change in Directors or Principal OfficersMIDCOAST ENERGY PARTNERS, L.P. Files SEC form 8-K, Change in Directors or Principal Officers
biz.yahoo.com - February 21 at 6:23 PM
BRIEF-Midcoast Energy Partners L.P. reports qtrly operating revenue $620.5 mlnBRIEF-Midcoast Energy Partners L.P. reports qtrly operating revenue $620.5 mln
www.reuters.com - February 17 at 7:34 PM
MIDCOAST ENERGY PARTNERS, L.P. Files SEC form 8-K, Results of Operations and Financial Condition, Financial StatementMIDCOAST 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
Midcoast Energy reports 4Q lossMidcoast Energy reports 4Q loss
us.rd.yahoo.com - February 17 at 7:34 PM
MIDCOAST ENERGY PARTNERS, L.P. Files SEC form 10-K, Annual ReportMIDCOAST ENERGY PARTNERS, L.P. Files SEC form 10-K, Annual Report
biz.yahoo.com - February 16 at 6:04 PM
Midcoast Energy Partners, L.P. (MEP) Ex-Dividend Date Scheduled for February 03, 2017 - NasdaqMidcoast Energy Partners, L.P. (MEP) Ex-Dividend Date Scheduled for February 03, 2017 - Nasdaq
www.nasdaq.com - February 4 at 6:30 PM
Form 8-K Midcoast Energy Partners For: Jan 30Form 8-K Midcoast Energy Partners For: Jan 30
www.streetinsider.com - January 31 at 7:25 PM
Midcoast Energy Partners upgraded by Credit SuisseMidcoast Energy Partners upgraded by Credit Suisse
us.rd.yahoo.com - January 31 at 5:15 AM
Enbridge to take Midcoast Energy Partners private for $170 mln - NasdaqEnbridge to take Midcoast Energy Partners private for $170 mln - Nasdaq
www.nasdaq.com - January 28 at 5:04 AM
Harwood Feffer LLP Announces Investigation of Midcoast Energy Partners, L.P. - PR Newswire (press release)Harwood Feffer LLP Announces Investigation of Midcoast Energy Partners, L.P. - PR Newswire (press release)
www.prnewswire.com - January 28 at 5:04 AM
Enbridge To Take Private Midcoast Energy Partners LP - Quick Facts - NasdaqEnbridge To Take Private Midcoast Energy Partners LP - Quick Facts - Nasdaq
www.nasdaq.com - January 28 at 5:04 AM
Enbridge to buy Midcoast Energy Partners for $170MEnbridge to buy Midcoast Energy Partners for $170M
seekingalpha.com - January 28 at 12:03 AM
BRIEF-Midcoast Energy says Enbridge Energy to buy all of cos outstanding unitsBRIEF-Midcoast Energy says Enbridge Energy to buy all of co's outstanding units
www.reuters.com - January 28 at 12:03 AM
6:03 am Midcoast Energy Partners to be acquired by Enbridge Energy (<a href="/q?s=enb" name="enb">ENB</a>) for cash at $8.00 per common unit for an aggregate transaction value of $170.2 million6:03 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
Harwood Feffer LLP Announces Investigation of Midcoast Energy Partners, L.P.Harwood Feffer LLP Announces Investigation of Midcoast Energy Partners, L.P.
us.rd.yahoo.com - January 28 at 12:03 AM
MIDCOAST ENERGY PARTNERS, L.P. Files SEC form 8-K, Other Events, Financial Statements and ExhibitsMIDCOAST ENERGY PARTNERS, L.P. Files SEC form 8-K, Other Events, Financial Statements and Exhibits
biz.yahoo.com - January 28 at 12:03 AM

SEC Filings

Midcoast Energy Partners (NYSE:MEP) SEC Filings

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Social Media

Financials

Midcoast Energy Partners (NYSE:MEP) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Midcoast Energy Partners (NYSE MEP) Stock Chart for Monday, January, 22, 2018

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This page was last updated on 1/22/2018 by MarketBeat.com Staff

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