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Mid-Con Energy Partners

Nasdaq:MCEP
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MCEP
Nasdaq
$9M
Imp Market Cap
  1. Home
  2. US
  3. Energy
Company description

Mid-Con Energy Partners, LP engages in the acquisition, ownership, and development of producing oil and natural gas properties in North America. The last earnings update was 22 days ago. More info.


Add to Portfolio Compare Print
  • Mid-Con Energy Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Mid-Con Energy Partners has significant price volatility in the past 3 months.
MCEP Share Price and Events
7 Day Returns
-12.3%
NasdaqCM:MCEP
-2.9%
US Oil and Gas
0.9%
US Market
1 Year Returns
-74.5%
NasdaqCM:MCEP
-13.7%
US Oil and Gas
16.8%
US Market
MCEP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mid-Con Energy Partners (MCEP) -12.3% -26.3% -37.2% -74.5% -88.6% -98.1%
US Oil and Gas -2.9% 0.9% -0.2% -13.7% -19% -35.8%
US Market 0.9% 4.5% 6.2% 16.8% 38% 44.1%
1 Year Return vs Industry and Market
  • MCEP underperformed the Oil and Gas industry which returned -13.7% over the past year.
  • MCEP underperformed the Market in United States of America which returned 16.8% over the past year.
Price Volatility
MCEP
Industry
5yr Volatility vs Market

Value

 Is Mid-Con Energy Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Mid-Con Energy Partners. This is due to cash flow or dividend data being unavailable. The share price is $0.27.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mid-Con Energy Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mid-Con Energy Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:MCEP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.16
NasdaqCM:MCEP Share Price ** NasdaqCM (2019-11-20) in USD $0.27
United States of America Oil and Gas Industry PE Ratio Median Figure of 99 Publicly-Listed Oil and Gas Companies 9.91x
United States of America Market PE Ratio Median Figure of 2,923 Publicly-Listed Companies 18.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mid-Con Energy Partners.

NasdaqCM:MCEP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:MCEP Share Price ÷ EPS (both in USD)

= 0.27 ÷ 0.16

1.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mid-Con Energy Partners is good value based on earnings compared to the US Oil and Gas industry average.
  • Mid-Con Energy Partners is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Mid-Con Energy Partners's expected growth come at a high price?
Raw Data
NasdaqCM:MCEP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Oil and Gas Industry PEG Ratio Median Figure of 84 Publicly-Listed Oil and Gas Companies 0.23x
United States of America Market PEG Ratio Median Figure of 2,042 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mid-Con Energy Partners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mid-Con Energy Partners's assets?
Raw Data
NasdaqCM:MCEP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $2.12
NasdaqCM:MCEP Share Price * NasdaqCM (2019-11-20) in USD $0.27
United States of America Oil and Gas Industry PB Ratio Median Figure of 187 Publicly-Listed Oil and Gas Companies 0.83x
United States of America Market PB Ratio Median Figure of 5,094 Publicly-Listed Companies 1.76x
NasdaqCM:MCEP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:MCEP Share Price ÷ Book Value per Share (both in USD)

= 0.27 ÷ 2.12

0.13x

* Primary Listing of Mid-Con Energy Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mid-Con Energy Partners is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Mid-Con Energy Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Mid-Con Energy Partners has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mid-Con Energy Partners expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mid-Con Energy Partners has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.9%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mid-Con Energy Partners expected to grow at an attractive rate?
  • Unable to compare Mid-Con Energy Partners's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mid-Con Energy Partners's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Mid-Con Energy Partners's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:MCEP Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:MCEP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:MCEP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqCM:MCEP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 61 17 5
2019-06-30 65 17 -4
2019-03-31 64 17 -16
2018-12-31 63 23 -22
2018-09-30 62 19 -33
2018-06-30 57 18 -37
2018-03-31 55 17 -45
2017-12-31 56 17 -30
2017-09-30 56 22 -25
2017-06-30 56 28 -19
2017-03-31 57 37 -19
2016-12-31 53 44 -26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mid-Con Energy Partners is high growth as no earnings estimate data is available.
  • Unable to determine if Mid-Con Energy Partners is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:MCEP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mid-Con Energy Partners Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:MCEP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqCM:MCEP Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.16
2019-06-30 -0.14
2019-03-31 -0.53
2018-12-31 -0.74
2018-09-30 -1.09
2018-06-30 -1.23
2018-03-31 -1.50
2017-12-31 -1.00
2017-09-30 -0.83
2017-06-30 -0.64
2017-03-31 -0.63
2016-12-31 -0.86

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mid-Con Energy Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Mid-Con Energy Partners is trading at Mid-Con Energy Partners'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Mid-Con Energy Partners's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Mid-Con Energy Partners's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Mid-Con Energy Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mid-Con Energy Partners has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mid-Con Energy Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mid-Con Energy Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mid-Con Energy Partners's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Mid-Con Energy Partners has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Mid-Con Energy Partners has become profitable in the last year making it difficult to compare the US Oil and Gas industry average.
Earnings and Revenue History
Mid-Con Energy Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mid-Con Energy Partners Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:MCEP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 61.32 4.90 8.40
2019-06-30 64.70 -4.28 8.50
2019-03-31 63.60 -16.08 7.60
2018-12-31 63.14 -22.50 6.92
2018-09-30 62.09 -33.02 6.18
2018-06-30 56.89 -37.18 5.86
2018-03-31 54.90 -44.97 5.88
2017-12-31 55.61 -30.07 5.72
2017-09-30 55.72 -24.81 6.09
2017-06-30 56.27 -19.03 6.62
2017-03-31 57.08 -18.90 6.63
2016-12-31 53.21 -25.77 6.89
2016-09-30 41.22 -78.95 7.16
2016-06-30 45.85 -101.29 7.70
2016-03-31 64.64 -93.56 7.86
2015-12-31 70.43 -94.35 9.41
2015-09-30 90.55 -36.98 9.89
2015-06-30 96.59 4.91 10.24
2015-03-31 86.60 16.54 10.32
2014-12-31 90.59 22.14 14.31
2014-09-30 87.94 31.20 14.54
2014-06-30 85.59 18.66 13.56
2014-03-31 82.98 25.22 13.13
2013-12-31 81.92 27.67 12.24
2013-09-30 78.09 25.29 11.88
2013-06-30 70.58 19.99 13.97
2013-03-31 64.15 31.63 13.92
2012-12-31 59.60 29.28 11.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mid-Con Energy Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mid-Con Energy Partners used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Mid-Con Energy Partners's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mid-Con Energy Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mid-Con Energy Partners has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mid-Con Energy Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mid-Con Energy Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mid-Con Energy Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mid-Con Energy Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mid-Con Energy Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mid-Con Energy Partners Company Filings, last reported 1 month ago.

NasdaqCM:MCEP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 102.21 65.00 0.47
2019-06-30 96.92 66.00 0.53
2019-03-31 92.51 68.00 0.19
2018-12-31 96.76 93.00 0.47
2018-09-30 95.12 96.00 0.13
2018-06-30 98.96 87.00 0.52
2018-03-31 106.47 89.24 0.61
2017-12-31 102.22 99.00 1.83
2017-09-30 111.36 122.00 2.59
2017-06-30 119.71 121.00 0.49
2017-03-31 135.26 120.50 2.80
2016-12-31 131.22 122.00 2.36
2016-09-30 134.61 127.90 2.12
2016-06-30 112.05 162.02 4.02
2016-03-31 127.56 169.00 0.11
2015-12-31 130.50 180.00 0.62
2015-09-30 188.21 194.00 0.96
2015-06-30 216.81 200.00 0.79
2015-03-31 228.14 203.00 0.30
2014-12-31 234.14 205.00 3.23
2014-09-30 149.76 168.00 1.57
2014-06-30 90.68 139.00 1.84
2014-03-31 97.62 123.00 0.38
2013-12-31 66.79 112.00 1.43
2013-09-30 66.66 112.00 0.66
2013-06-30 71.96 111.00 0.81
2013-03-31 71.17 80.00 0.91
2012-12-31 72.18 78.00 1.05
  • Mid-Con Energy Partners's level of debt (63.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (111.8% vs 63.6% today).
  • Debt is well covered by operating cash flow (26%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Mid-Con Energy Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mid-Con Energy Partners has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mid-Con Energy Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mid-Con Energy Partners dividends.
If you bought $2,000 of Mid-Con Energy Partners shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mid-Con Energy Partners's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mid-Con Energy Partners's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:MCEP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 4.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1955 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:MCEP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NasdaqCM:MCEP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-05-01 0.000 0.000
2017-02-28 0.000 0.000
2016-10-31 0.000 0.000
2016-08-04 0.000 0.000
2016-08-01 0.000 0.000
2016-05-02 0.000 0.000
2016-02-29 0.000 0.000
2015-10-22 0.000 0.000
2015-07-23 0.500 18.131
2015-04-20 0.500 9.440
2015-01-23 0.500 8.560
2014-10-23 2.060 24.897
2014-07-24 2.060 9.688
2014-04-23 2.060 9.150
2014-01-23 2.060 9.046
2013-10-24 2.060 8.960
2013-07-25 2.060 8.628
2013-04-23 2.020 8.606
2013-01-24 1.980 8.683
2012-10-15 1.940 9.542
2012-07-25 1.900 8.497
2012-04-26 1.900 9.188
2012-01-26 1.900 8.233

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mid-Con Energy Partners has not reported any payouts.
  • Unable to verify if Mid-Con Energy Partners's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mid-Con Energy Partners's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mid-Con Energy Partners has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mid-Con Energy Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mid-Con Energy Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mid-Con Energy Partners has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mid-Con Energy Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Olmstead
COMPENSATION $396,502
AGE 43
TENURE AS CEO 5.3 years
CEO Bio

Mr. Jeffrey R. Olmstead, also known as Jeff, serves as the Chief Executive Officer and President of Mid-Con Energy GP, LLC, the General Partner of Mid-Con Energy Partners, LP. Mr. Olmstead served as the President and Chief Financial Officer of Mid-Con Energy GP, LLC, the General Partner of Mid-Con Energy Partners, LP from June 2011 to August 2014. He has been the President and Chief Financial Officer of Mid-Con Energy IV, LLC since June 2011. He served as the Chief Financial Officer and Vice President of Primexx Energy Partners, Ltd. from May 2010 to July 2011. From August 2006 to May 2010, Mr. Olmstead served as an Assistant Vice President at Bank of Texas/Bank of Oklahoma where, in Bank of Texas's energy group, he managed a portfolio of approximately 20 oil and gas borrowers with total commitments of approximately $250 million. He has also been Mid-Con Energy IV, LLC and of Mid-Con Energy III, LLC since June 2011. He serves as a Director of Mid-Con Energy II, LLC, Chemical Flooding Technologies, LLC and Mid-Con Energy GP, LLC. He has been a Director of Mid-Con Energy Operating since 2007. He served as a Director of Mid-Con Energy I, LLC. Mr. Olmstead graduated from Vanderbilt University with a Bachelor of Engineering Degree in Electrical Engineering and Math and a Master of Business Administration from the Owen School of Business at Vanderbilt University.

CEO Compensation
  • Jeff's compensation has increased in line with Mid-Con Energy Partners recently becoming profitable.
  • Jeff's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Mid-Con Energy Partners management team in years:

4
Average Tenure
43
Average Age
  • The tenure for the Mid-Con Energy Partners management team is about average.
Management Team

Randy Olmstead

TITLE
Executive Chairman of the Board of Mid-Con Energy GP LLC
COMPENSATION
$333K
AGE
71

Jeff Olmstead

TITLE
CEO, President & Director of Mid-Con Energy GP LLC
COMPENSATION
$397K
AGE
43
TENURE
5.3 yrs

Charles McLawhorn

TITLE
VP, General Counsel & Corporate Secretary of Mid-Con Energy GP LLC
COMPENSATION
$252K
AGE
42
TENURE
3.6 yrs

Philip Houchin

TITLE
Chief Financial Officer of Mid-Con Energy GP LLC
AGE
41
TENURE
1.7 yrs

Sherry Morgan

TITLE
Chief Accounting Officer of Mid-Con Energy GP LLC
COMPENSATION
$199K
AGE
51
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Mid-Con Energy Partners board of directors in years:

6.6
Average Tenure
68
Average Age
  • The tenure for the Mid-Con Energy Partners board of directors is about average.
Board of Directors

Randy Olmstead

TITLE
Executive Chairman of the Board of Mid-Con Energy GP LLC
COMPENSATION
$333K
AGE
71
TENURE
5.3 yrs

Jeff Olmstead

TITLE
CEO, President & Director of Mid-Con Energy GP LLC
COMPENSATION
$397K
AGE
43
TENURE
8.8 yrs

Cameron Smith

TITLE
Director of Mid-Con Energy GP LLC
COMPENSATION
$61K
AGE
68
TENURE
8.8 yrs

Fred Ball

TITLE
Director of Mid-Con Energy GP LLC
COMPENSATION
$56K
AGE
74
TENURE
6.6 yrs

Peter Leidel

TITLE
Director of Mid-Con Energy GP LLC
COMPENSATION
$52K
AGE
63
TENURE
8.8 yrs

Wilkie Colyer

TITLE
Director of Mid-Con Energy GP LLC
COMPENSATION
$52K
AGE
34
TENURE
2.8 yrs

J. W. Brown

TITLE
Director of Mid-Con Energy GP LLC
COMPENSATION
$60K
AGE
72
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Mar 19 Sell Charles McLawhorn Individual 07. Mar 19 07. Mar 19 -3,449 $0.92 $-3,173
11. Mar 19 Sell Sherry Morgan Individual 06. Mar 19 06. Mar 19 -3,854 $0.96 $-3,700
08. Jan 19 Buy Goff Capital, Inc. Company 31. Dec 18 31. Dec 18 100,000 $0.78 $77,980
08. Jan 19 Buy John Goff Individual 31. Dec 18 31. Dec 18 280,000 $0.78 $218,344
28. Dec 18 Buy Goff Capital, Inc. Company 27. Dec 18 27. Dec 18 10,000 $0.76 $7,567
28. Dec 18 Buy John Goff Individual 27. Dec 18 27. Dec 18 30,000 $0.76 $22,692
27. Dec 18 Buy Goff Capital, Inc. Company 24. Dec 18 26. Dec 18 50,000 $0.73 $34,296
27. Dec 18 Buy John Goff Individual 24. Dec 18 26. Dec 18 208,000 $0.73 $142,844
X
Management checks
We assess Mid-Con Energy Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mid-Con Energy Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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. As of December 31, 2018, its total estimated proved reserves were 24.8 million barrel of oil equivalent. Mid-Con Energy GP, LLC serves as the general partner of Mid-Con Energy Partners, LP. The company was founded in 2011 and is headquartered in Tulsa, Oklahoma.

Details
Name: Mid-Con Energy Partners, LP
MCEP
Exchange: NasdaqCM
Founded: 2011
$9,043,444
$8,322,558
31,184,291
Website: http://www.midconenergypartners.com
Address: Mid-Con Energy Partners, LP
2431 East 61st Street,
Suite 850,
Tulsa,
Oklahoma, 74136,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM MCEP Common Units Nasdaq Capital Market US USD 15. Dec 2011
DB MC1 Common Units Deutsche Boerse AG DE EUR 15. Dec 2011
Number of employees
Current staff
Staff numbers
0
Mid-Con Energy Partners employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/21 00:19
End of day share price update: 2019/11/20 00:00
Last estimates confirmation: 2018/02/28
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.