UBS AG Cuts Mid-Con Energy Partners, LP (MCEP) Price Target to $0.90

Mid-Con Energy Partners, LP (NASDAQ:MCEP) had its target price trimmed by UBS AG from $1.10 to $0.90 in a research report released on Friday morning, www.benzinga.com reports. The firm currently has a sell rating on the oil and gas producer’s stock.

Mid-Con Energy Partners, (MCEP) opened at $1.00 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.34. Mid-Con Energy Partners, has a fifty-two week low of $0.92 and a fifty-two week high of $3.37.

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A hedge fund recently raised its stake in Mid-Con Energy Partners, stock. Goldman Sachs Group Inc. raised its position in Mid-Con Energy Partners, LP (NASDAQ:MCEP) by 64.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,146 shares of the oil and gas producer’s stock after purchasing an additional 33,018 shares during the period. Goldman Sachs Group Inc. owned 0.28% of Mid-Con Energy Partners, worth $199,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 13.13% of the company’s stock.

Mid-Con Energy Partners, Company Profile

Mid-Con Energy Partners, LP is engaged in the ownership, acquisition, exploitation and development of producing oil and natural gas properties in North America, with a focus on enhanced oil recovery (EOR). The Company’s properties are located in the Mid-Continent and Permian Basin regions of the United States in over five areas: Southern Oklahoma; Northeastern Oklahoma; parts of Oklahoma, Colorado and Texas within the Hugoton; Texas Gulf Coast, and Texas within the Eastern Shelf of the Permian.

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