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 - NEC
- Sub-Industry: N/A
- Symbol: NYSE:MEP
- CUSIP: N/A
- Web: www.midcoastpartners.com/
Average Prices:- 50 Day Moving Avg: $7.95
- 200 Day Moving Avg: $7.97
- 52 Week Range: $5.30 - $9.42
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: -5.25%
- Return on Equity: -34.51%
- Return on Assets: -2.64%
Debt:- Debt-to-Equity Ratio: 0.22%
- Current Ratio: 0.62%
- Quick Ratio: 0.40%
Misc:- Average Volume: 3,116 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. Shareholders 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 dividend on an annualized basis and a 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) issued 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 analyst estimates of $541.74 million. Midcoast Energy Partners LP had a negative net margin of 5.25% and a negative return on equity of 34.51%. Midcoast Energy Partners LP's quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) EPS. 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 predictions range from $8.00 to $8.00. On average, they expect Midcoast Energy Partners LP's share 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?
Some companies that are related to Midcoast Energy Partners LP include Exxon Mobil Corporation (XOM), BP p.l.c. (BP), China Petroleum & Chemical Corporation (SNP), BP plc (BP), Suncor Energy (SU), Phillips 66 (PSX), Valero Energy Corporation (VLO), Marathon Petroleum Corporation (MPC), Imperial Oil Ltd (IMO), Hess Corporation (HES), Tesoro Corporation (TSO), Western Gas Equity Partners, LP (WGP), Markwest Energy Partners LP (MWE), Western Gas Partners, LP (WES), Cenovus Energy (CVE), AmeriGas Partners, L.P. (APU), PBF Energy (PBF) and Targa Resources Partners LP (NGLS).
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?
One share of Midcoast Energy Partners LP stock can currently be purchased for approximately $7.95.
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.
Consensus Ratings for Midcoast Energy Partners LP (NYSE:MEP) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| 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:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 1/30/2017 | Credit Suisse Group | Upgrade | Underperform -> Neutral | $6.00 -> $8.00 | N/A |  |
| 4/13/2016 | Barclays PLC | Initiated Coverage | Equal Weight | $7.00 | N/A | |
| 2/25/2016 | Morgan Stanley | Initiated Coverage | Underweight | $5.00 | N/A | |
| 9/11/2015 | Goldman Sachs Group, Inc. (The) | Lower Price Target | Neutral | $13.00 -> $12.00 | N/A | |
(Data available from 7/25/2015 forward)
Earnings History for Midcoast Energy Partners LP (NYSE:MEP)Earnings History by Quarter for Midcoast Energy Partners LP (NYSE MEP)| 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 | |
(Data available from 1/1/2011 forward)
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 |
| 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 History by Quarter for Midcoast Energy Partners LP (NYSE MEP)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/27/2017 | quarterly | $0.36 | 17.13% | 2/3/2017 | 2/7/2017 | 2/14/2017 |
| 10/27/2016 | quarterly | $0.36 | 16.25% | 11/3/2016 | 11/7/2016 | 11/14/2016 |
| 7/28/2016 | quarterly | $0.36 | 17.29% | 8/3/2016 | 8/5/2016 | 8/12/2016 |
| 4/28/2016 | quarterly | $0.36 | 17.9% | 5/4/2016 | 5/6/2016 | 5/13/2016 |
| 1/28/2016 | quarterly | $0.36 | 16.12% | 2/3/2016 | 2/5/2016 | 2/12/2016 |
| 10/29/2015 | quarterly | $0.36 | 10.69% | 11/4/2015 | 11/6/2015 | 11/13/2015 |
| 7/29/2015 | quarterly | $0.35 | 11.01% | 8/5/2015 | 8/7/2015 | 8/14/2015 |
| 4/29/2015 | quarterly | $0.35 | 10.12% | 5/6/2015 | 5/8/2015 | 5/15/2015 |
| 1/28/2015 | quarterly | $0.34 | 11.68% | 2/4/2015 | 2/6/2015 | 2/13/2015 |
| 10/30/2014 | quarterly | $0.34 | 8.71% | 11/5/2014 | 11/7/2014 | 11/14/2014 |
| 7/31/2014 | quarterly | $0.33 | 6.28% | 8/5/2014 | 8/7/2014 | 8/14/2014 |
| 4/29/2014 | quarterly | $0.31 | 5.71% | 5/6/2014 | 5/8/2014 | 5/15/2014 |
| 1/29/2014 | | $0.16 | | 2/5/2014 | 2/7/2014 | 2/14/2014 |
| 1/29/2014 | quarterly | $0.17 | | 2/5/2014 | 2/7/2014 | 2/14/2014 |
(Data available from 1/1/2013 forward)
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)| 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 | |
(Data available from 1/1/2013 forward)
Headline Trends for Midcoast Energy Partners LP (NYSE:MEP)
Latest Headlines for Midcoast Energy Partners LP (NYSE:MEP)
| Source: |
|
| Date | Headline |
|---|
 | Shares of Enbridge Energy Partners Continued to Slide in May
finance.yahoo.com - June 17 at 1:30 AM |
 | BRIEF-Enbridge Energy Partners enters seventh amendment to credit agreement
www.reuters.com - June 9 at 12:29 AM |
 | Midcoast Energy Partners (MEP) Given Daily Coverage Optimism Rating of 0.29
www.americanbankingnews.com - May 2 at 1:32 PM |
| Midcoast Energy Partners (MEP) Earning Somewhat Favorable News Coverage, Analysis Finds
www.americanbankingnews.com - April 27 at 6:58 PM |
| Midcoast Energy Partners LP (MEP) Expected to Post Earnings of -$0.25 Per Share
www.americanbankingnews.com - April 27 at 12:20 AM |
| Midcoast Energy Partners (MEP) Getting Positive Media Coverage, Analysis Shows
www.americanbankingnews.com - April 23 at 10:45 PM |
| 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 11
finance.yahoo.com - April 21 at 9:59 AM |
| Analysts Anticipate Midcoast Energy Partners LP (MEP) Will Announce Earnings of -$0.25 Per Share
www.americanbankingnews.com - April 19 at 10:28 PM |
| Midcoast Energy Partners (MEP) Earning Somewhat Positive News Coverage, Report Finds
www.americanbankingnews.com - April 18 at 12:14 AM |
| Somewhat Positive News Coverage Extremely Likely to Impact Midcoast Energy Partners (MEP) Share Price
www.americanbankingnews.com - April 14 at 9:09 PM |
| MIDCOAST ENERGY PARTNERS, L.P. Financials
finance.yahoo.com - February 22 at 6:38 PM |
| MIDCOAST 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 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 Statement
us.rd.yahoo.com - February 17 at 7:34 PM |
| Midcoast Energy reports 4Q loss
us.rd.yahoo.com - February 17 at 7:34 PM |
| Midcoast Energy Partners, L.P. Files Annual Report on Form 10-K
finance.yahoo.com - February 17 at 2:33 PM |
| Enbridge 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 |
| Midcoast Energy Partners, LP Reports Earnings for Fourth Quarter 2016 - Yahoo Finance
finance.yahoo.com - February 16 at 6:04 PM |
| MIDCOAST 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 - Nasdaq
www.nasdaq.com - February 4 at 6:30 PM |
 | Form 8-K Midcoast Energy Partners For: Jan 30
www.streetinsider.com - January 31 at 7:25 PM |
 | Midcoast Energy Partners upgraded by Credit Suisse
us.rd.yahoo.com - January 31 at 5:15 AM |
| Blog Coverage Enbridge Acquires Midcoast Energy Partners; Announced Distribution for Q4 FY16
finance.yahoo.com - January 30 at 9:50 AM |
| Enbridge 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)
www.prnewswire.com - January 28 at 5:04 AM |
| Enbridge To Take Private Midcoast Energy Partners LP - Quick Facts - Nasdaq
www.nasdaq.com - January 28 at 5:04 AM |
| Midcoast 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 |
 | Enbridge 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 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 (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.
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 Exhibits
biz.yahoo.com - January 28 at 12:03 AM |
Midcoast Energy Partners LP (MEP) Chart for Tuesday, July, 25, 2017
