Mid-Con Energy Partners LP (NASDAQ:MCEP) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 54,400 shares, a decrease of 63.7% from the July 31st total of 150,000 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 261,800 shares, the days-to-cover ratio is currently 0.2 days.
A hedge fund recently raised its stake in Mid-Con Energy Partners stock. Jackson Hole Capital Partners LLC raised its stake in Mid-Con Energy Partners LP (NASDAQ:MCEP) by 81.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,747 shares of the oil and gas producer’s stock after acquiring an additional 39,874 shares during the period. Jackson Hole Capital Partners LLC owned about 0.29% of Mid-Con Energy Partners worth $71,000 as of its most recent SEC filing. Institutional investors own 10.69% of the company’s stock.
Shares of NASDAQ MCEP traded up $0.01 during trading hours on Friday, reaching $0.41. The stock had a trading volume of 4,191 shares, compared to its average volume of 128,822. The business’s fifty day moving average is $0.42 and its two-hundred day moving average is $0.61. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $12.61 million, a price-to-earnings ratio of 2.00 and a beta of 1.75. Mid-Con Energy Partners has a twelve month low of $0.33 and a twelve month high of $1.64.
Mid-Con Energy Partners (NASDAQ:MCEP) last issued its earnings results on Wednesday, July 31st. The oil and gas producer reported $0.07 EPS for the quarter. The business had revenue of $20.93 million during the quarter. Mid-Con Energy Partners had a positive return on equity of 35.24% and a negative net margin of 0.93%.
About Mid-Con Energy Partners
Mid-Con Energy Partners, LP engages in the acquisition, ownership, and development of producing oil and natural gas properties in North America. The company's properties are primarily located in the Mid-Continent, Permian, Big Horn, and Powder River Basin regions of the United States in Oklahoma, Texas, and Wyoming areas.
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