Midcoast Energy Partners, L.P. MEP
At closeJun 28, 2019, 6:07 PM EDT
- Revenue (ttm)
- 1.97B
- Profit margin
- -5.08%
- EPS (ttm)
- -3.47
- Shares out
- 22.61M
- P/E ratio
- -19.65
- Forward P/E
- -8.55
- Dividend
- 1.43 (17.99%)
- Ex-dividend date
- Feb 2, 2017
- Volume
- 996
- Avg volume
- 10.77K
- Open
- 68.18
- Previous close
- 68.18
- Day's range
- 67.55 – 69.05
- 52-week range
- 55.41 – 72.34
- Beta
- 2.85
- Analysts
- Hold
- Price target
- 8.00 (-88.3%)
- Earnings date
- May 1, 2017
2Y -1.46 (-2.10%)
Key statistics
- Enterprise value
- 1.17B
- PEG ratio
- 0.00
- Price / sales
- 0.18
- Price / book
- 0.24
- Dividend yield
- 17.99%
- Payout ratio
- 0.00%
- Revenue growth
- 17.50%
- Free cash flow
- 127.51M
- Total cash
- 7.40M
- Total debt
- 818.50M
- Return on equity
- -4.02%
- Short % of float
- 1.40%
- 50-day average
- 7.96
- 200-day average
- 7.68
Analyst view
Consensus: hold
- Strong buy0
- Buy0
- Hold4
- Sell0
- Strong sell0
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
AGENCIA COMERCIAL SPIRITS LTD ISSUES LETTERS OF AWARD FOR MEP EQUIPMENT SUPPLY AND INSTALLATION FOR PHASE 1A OF INDONESIA DATA CENTER 
Need European alternatives to U.S. AI rules, says MEP 
Thomas Announces Partnership with Maryland MEP to Support Smarter, More Resilient Manufacturing 
TECO Wins Major Hyperscale Data Center MEP Projects in Malaysia 
Bowman to Provide MEP Services for Avery Point Senior Living Campus 
Schneider Electric Advances Environmental Impact Transparency in MEP by Sharing Product Data Through One Click LCA 
GENEDGE Receives $400k in Cooperative Agreement with NIST to Strengthen Supply Chain for VA Manufacturers 
Leak shows Facebook's business model needs regulating, says MEP 
Benzinga's Top Downgrades
Your note
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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 |