MEP
Midcoast Energy Partners, L.P.
Set alert
52-week range unavailable
- Open
- 68.18
- Prev close
- 68.18
- Mkt cap
- 359.50M
- Vol
- 996
- Avg vol
- 87.98K
- EPS
- -2.17
- P/E
- -3.67
- Div yield
- 17.99%
More statistics
- Low
- 67.55
- High
- 69.05
- Forward P/E
- -8.55
- Beta
- 2.85
- Short ratio
- 0.73
- Inst. own
- 70.50%
- Dividend
- 1.43
- Ex-div date
- Feb 2, 2017
- Earnings
- May 1, 2017
- 50-d avg
- 7.96
- 200-d avg
- 7.68
- 1y target
- 8.00
Key statistics
- Market cap
- 359.50M
- Enterprise value
- 1.17B
- Trailing P/E
- -3.67
- Forward P/E
- -8.55
- PEG ratio
- 0.00
- Price / sales
- 0.18
- Price / book
- 0.24
- EPS (TTM)
- -2.17
- Beta
- 2.85
- Dividend yield
- 17.99%
- Payout ratio
- 0.00%
- Profit margin
- -5.08%
- Revenue (TTM)
- 1.97B
- Revenue growth
- 17.50%
- Free cash flow
- 127.51M
- Total cash
- 7.40M
- Total debt
- 818.50M
- Return on equity
- -4.02%
- Shares outstanding
- 22.61M
- Short % of float
- 1.40%
- 50-day average
- 7.96
- 200-day average
- 7.68
Analyst view
Consensus: hold
Next earnings
May 1, 2017
Expected May 1, 2017. Consensus EPS estimate 0.00.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| May 1, 2017 | Mar 1, 2017 | -0.25 | — | — | — |
| Feb 15, 2017 | Dec 1, 2016 | -0.18 | — | — | — |
| Oct 31, 2016 | Sep 1, 2016 | -0.17 | — | — | — |
| Jul 28, 2016 | Jun 1, 2016 | -0.47 | — | — | — |
| May 2, 2016 | Mar 1, 2016 | -0.39 | — | — | — |
| Feb 16, 2016 | Dec 1, 2015 | -0.15 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jan 29, 2017 | Credit Suisse | up | Underperform | Neutral |
| Nov 8, 2016 | Credit Suisse | down | Neutral | Underperform |
| May 2, 2016 | Credit Suisse | up | Underperform | Neutral |
| Feb 24, 2016 | Morgan Stanley | init | — | Underweight |
| Feb 17, 2016 | Credit Suisse | down | Outperform | Underperform |
| May 3, 2015 | JP Morgan | down | Neutral | Underweight |
About Midcoast Energy Partners, L.P.
Midcoast Energy Partners, L.P. engages in gathering, processing, treating, transporting, and marketing natural gas, natural gas liquids (NGLs), crude oil, and condensate in the United States. It operates through two segments, Gathering, Processing and Transportation; and Logistics and Marketing. The company gathers unprocessed and untreated natural gas from wellhead locations and other receipt points; processes the natural gas to remove NGLs and impurities; and transports processed natural gas and NGLs to intrastate and interstate pipelines for transportation to various customers and market outlets. It also markets natural gas and NGLs to wholesale customers. The company operates approximately 10,800 miles of natural gas gathering and transmission pipelines; and approximately 282 miles of NGL gathering and transportation pipelines, as well as holds a 35% aggregate interest in an approximately 593-mile NGL intrastate transportation mainline and a related NGL gathering system that consists of approximately 116 miles of gathering lines. Midcoast Holdings, L.L.C. serves as the general partner of the company. The company was founded in 2013 and is headquartered in Houston, Texas. Midcoast Energy Partners, L.P. is a subsidiary of Enbridge Energy Partners L.P.
- Sector
- Basic Materials
- Industry
- Independent Oil & Gas
- Country
- United States
- Website
- midcoastpartners.com
News
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| CAPPS ALLEN C | Officer | Ownership Statement | Feb 26, 2017 | 0 |
| CRUM JOHN A | Director | Disposition (Non Open Market) | Apr 26, 2017 | 0 |
| ENBRIDGE ENERGY CO INC | Director | Acquisition (Non Open Market) | Apr 26, 2017 | 21,275,000 |
| HARPER C GREGORY | Officer | Purchase | Nov 11, 2015 | 6,620 |
| IVEY JAMES G | Director | Disposition (Non Open Market) | Apr 26, 2017 | 0 |
| KAITSON E CHRIS | Officer | Purchase | Feb 24, 2016 | 0 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Oppenheimer Funds, Inc. | 19.82% | 4,481,651 | 31.60M | Dec 30, 2016 |
| Kayne Anderson Capital Advisors, L.P. | 11.33% | 2,562,572 | 18.07M | Dec 30, 2016 |
| ClearBridge Investments, LLC | 10.36% | 2,341,304 | 16.51M | Dec 30, 2016 |
| Eagle Global Advisors LLC | 9.15% | 2,067,715 | 14.58M | Dec 30, 2016 |
| Atlantic Trust Group, LLC | 6.05% | 1,368,300 | 9.65M | Dec 30, 2016 |
| Cushing Asset Management, LP | 1.86% | 420,600 | 2.97M | Dec 30, 2016 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Oppenheimer Steelpath MLP Income | 13.71% | 3,100,729 | 19.38M | Nov 29, 2016 |
| Kayne Anderson MLP Investment Company | 10.15% | 2,294,000 | 14.34M | Nov 29, 2016 |
| Clearbridge American Energy MLP Energy Fund Inc. | 6.95% | 1,571,580 | 13.12M | Jan 30, 2017 |
| Oppenheimer Steelpath MLP Select 40 | 5.92% | 1,339,510 | 8.37M | Nov 29, 2016 |
| ClearBridge Energy MLP Total Return Fund Inc. | 3.35% | 757,740 | 6.33M | Jan 30, 2017 |
| Northern Lights Fd Tr-Eagle MLP Strategy Fd | 1.32% | 298,695 | 2.31M | Oct 30, 2016 |