Insider Buying: Mid-Con Energy Partners LP (MCEP) CFO Acquires $26,250.00 in Stock

Mid-Con Energy Partners LP (NASDAQ:MCEP) CFO Philip R. Houchin bought 25,000 shares of the company’s stock in a transaction dated Tuesday, November 20th. The stock was bought at an average price of $1.05 per share, for a total transaction of $26,250.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

MCEP stock opened at $1.08 on Friday. Mid-Con Energy Partners LP has a twelve month low of $0.92 and a twelve month high of $2.52. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.62.

A hedge fund recently raised its stake in Mid-Con Energy Partners stock. RR Advisors LLC grew its stake in Mid-Con Energy Partners LP (NASDAQ:MCEP) by 5.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,901,000 shares of the oil and gas producer’s stock after purchasing an additional 143,000 shares during the quarter. Mid-Con Energy Partners makes up about 0.4% of RR Advisors LLC’s holdings, making the stock its 26th largest position. RR Advisors LLC owned approximately 9.57% of Mid-Con Energy Partners worth $4,381,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 11.91% of the company’s stock.

Separately, ValuEngine lowered Mid-Con Energy Partners from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd.

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About Mid-Con Energy Partners

Mid-Con Energy Partners, LP engages in the ownership, acquisition, and development of producing oil and natural gas properties in North America. The company's properties are primarily located in the Mid-Continent and Permian Basin regions of the United States in Oklahoma and Texas. As of December 31, 2017, its total estimated proved reserves of approximately 19.6 million barrel of oil equivalent.

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