Out of 7 analysts covering Midcoast Energy Partners (NYSE:MEP), 1 rate it “Buy”, 2 “Sell”, while 4 “Hold”. This means 14% are positive. Midcoast Energy Partners was the topic in 6 analyst reports since September 11, 2015 according to StockzIntelligence Inc. Below is a list of Midcoast Energy Partners LP (NYSE:MEP) latest ratings and price target changes.
25/02/2016 Broker: Morgan Stanley Rating: Underweight New Target: $5.00 Initiate
18/02/2016 Broker: Barclays Capital Rating: Equal-Weight Old Target: $10.00 New Target: $7.00 Maintain
18/02/2016 Broker: Credit Suisse Old Rating: Outperform New Rating: Underperform Old Target: $16.00 New Target: $5.00 Downgrade
03/11/2015 Broker: Barclays Capital Rating: Old Target: $14.00 New Target: $15.00 Target Up
02/11/2015 Broker: Credit Suisse Rating: Old Target: $20.00 New Target: $21.00 Target Up
11/09/2015 Broker: Goldman Sachs Rating: Neutral Old Target: $13.00 New Target: $12.00 Target Down
About 97,328 shares traded hands. Midcoast Energy Partners LP (NYSE:MEP) has declined 63.54% since July 31, 2015 and is downtrending. It has underperformed by 58.69% the S&P500.
Midcoast Energy Partners, L.P. is a natural gas and natural gas liquids midstream firm operating in the United States. The company has a market cap of $199.89 million. The Firm is publicly traded growth-oriented Delaware limited partnership that serves as Enbridge Energy Partners, L.P.’s (EEP’s) primary vehicle for owning and operating its natural gas and NGL midstream business in the United States. It currently has negative earnings. The Firm operates through two divisions: Gathering, Processing and Transportation, and Logistics and Marketing.
The institutional sentiment increased to 0.84 in Q3 2015. Its up 0.17, from 0.67 in 2015Q2. The ratio is positive, as 9 funds sold all Midcoast Energy Partners LP shares owned while 10 reduced positions. 6 funds bought stakes while 10 increased positions. They now own 14.40 million shares or 4.46% less from 15.07 million shares in 2015Q2.
Eagle Global Advisors Llc holds 0.86% of its portfolio in Midcoast Energy Partners LP for 2.70 million shares. Greenwich Investment Management Inc. owns 62,470 shares or 0.64% of their US portfolio. Moreover, Spirit Of America Management Corp Ny has 0.4% invested in the company for 200,742 shares. The California-based Kayne Anderson Capital Advisors Lp has invested 0.27% in the stock. Summit Asset Management Llc, a Tennessee-based fund reported 10,000 shares.
Since September 18, 2015, the stock had 2 insider buys, and 0 selling transactions for $62,198 net activity. Westbrook Dan Allen bought 4,000 shares worth $40,840. Ivey James G bought 2,000 shares worth $21,358.
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