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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Equity to Asset 0.51
MCEP's Equity to Asset is ranked lower than
54% of the 477 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.54 vs. MCEP: 0.51 )
Ranked among companies with meaningful Equity to Asset only.
MCEP' s 10-Year Equity to Asset Range
Min: 0.35  Med: 0.45 Max: 0.79
Current: 0.51
0.35
0.79
Interest Coverage 5.75
MCEP's Interest Coverage is ranked lower than
73% of the 325 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 30.48 vs. MCEP: 5.75 )
Ranked among companies with meaningful Interest Coverage only.
MCEP' s 10-Year Interest Coverage Range
Min: 5.75  Med: 13.76 Max: 29.64
Current: 5.75
5.75
29.64
F-Score: 6
Z-Score: 0.96
M-Score: -1.03
WACC vs ROIC
8.59%
6.88%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 17.86
MCEP's Operating margin (%) is ranked higher than
70% of the 493 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.19 vs. MCEP: 17.86 )
Ranked among companies with meaningful Operating margin (%) only.
MCEP' s 10-Year Operating margin (%) Range
Min: -1.39  Med: 39.30 Max: 47
Current: 17.86
-1.39
47
Net-margin (%) 13.38
MCEP's Net-margin (%) is ranked higher than
72% of the 494 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -13.66 vs. MCEP: 13.38 )
Ranked among companies with meaningful Net-margin (%) only.
MCEP' s 10-Year Net-margin (%) Range
Min: 6.17  Med: 35.21 Max: 48.25
Current: 13.38
6.17
48.25
ROE (%) 10.51
MCEP's ROE (%) is ranked higher than
82% of the 536 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -8.18 vs. MCEP: 10.51 )
Ranked among companies with meaningful ROE (%) only.
MCEP' s 10-Year ROE (%) Range
Min: 14.95  Med: 42.24 Max: 51.7
Current: 10.51
14.95
51.7
ROA (%) 4.90
MCEP's ROA (%) is ranked higher than
80% of the 571 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -5.19 vs. MCEP: 4.90 )
Ranked among companies with meaningful ROA (%) only.
MCEP' s 10-Year ROA (%) Range
Min: 6.98  Med: 19.79 Max: 24.72
Current: 4.9
6.98
24.72
ROC (Joel Greenblatt) (%) 6.80
MCEP's ROC (Joel Greenblatt) (%) is ranked higher than
74% of the 553 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.40 vs. MCEP: 6.80 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
MCEP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 8.8  Med: 22.77 Max: 44.42
Current: 6.8
8.8
44.42
» MCEP's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

MCEP Guru Trades in Q2 2014

Jim Simons 78,451 sh (+67.50%)
David Swensen Sold Out
» More
Q3 2014

MCEP Guru Trades in Q3 2014

Jim Simons Sold Out
» More
Q4 2014

MCEP Guru Trades in Q4 2014

Jim Simons 152,400 sh (New)
» More
Q1 2015

MCEP Guru Trades in Q1 2015

Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with MCEP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Ratios

vs
industry
vs
history
P/E(ttm) 6.07
MCEP's P/E(ttm) is ranked higher than
76% of the 203 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 13.40 vs. MCEP: 6.07 )
Ranked among companies with meaningful P/E(ttm) only.
MCEP' s 10-Year P/E(ttm) Range
Min: 4.36  Med: 17.70 Max: 239.28
Current: 6.07
4.36
239.28
Forward P/E 14.71
MCEP's Forward P/E is ranked higher than
67% of the 231 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 27.10 vs. MCEP: 14.71 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 6.70
MCEP's PE(NRI) is ranked higher than
75% of the 199 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 13.30 vs. MCEP: 6.70 )
Ranked among companies with meaningful PE(NRI) only.
MCEP' s 10-Year PE(NRI) Range
Min: 4.36  Med: 17.90 Max: 241.45
Current: 6.7
4.36
241.45
P/B 0.62
MCEP's P/B is ranked higher than
66% of the 535 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.97 vs. MCEP: 0.62 )
Ranked among companies with meaningful P/B only.
MCEP' s 10-Year P/B Range
Min: 0.55  Med: 6.12 Max: 9.58
Current: 0.62
0.55
9.58
P/S 0.95
MCEP's P/S is ranked higher than
75% of the 487 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.00 vs. MCEP: 0.95 )
Ranked among companies with meaningful P/S only.
MCEP' s 10-Year P/S Range
Min: 0.81  Med: 5.71 Max: 10.5
Current: 0.95
0.81
10.5
POCF 2.43
MCEP's POCF is ranked higher than
66% of the 346 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.00 vs. MCEP: 2.43 )
Ranked among companies with meaningful POCF only.
MCEP' s 10-Year POCF Range
Min: 1.92  Med: 8.29 Max: 17.22
Current: 2.43
1.92
17.22
EV-to-EBIT 16.00
MCEP's EV-to-EBIT is ranked lower than
64% of the 242 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 10.79 vs. MCEP: 16.00 )
Ranked among companies with meaningful EV-to-EBIT only.
MCEP' s 10-Year EV-to-EBIT Range
Min: 11.4  Med: 18.30 Max: 28.6
Current: 16
11.4
28.6
Current Ratio 6.90
MCEP's Current Ratio is ranked higher than
86% of the 549 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.25 vs. MCEP: 6.90 )
Ranked among companies with meaningful Current Ratio only.
MCEP' s 10-Year Current Ratio Range
Min: 0.43  Med: 1.60 Max: 6.9
Current: 6.9
0.43
6.9
Quick Ratio 6.90
MCEP's Quick Ratio is ranked higher than
86% of the 549 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.21 vs. MCEP: 6.90 )
Ranked among companies with meaningful Quick Ratio only.
MCEP' s 10-Year Quick Ratio Range
Min: 0.37  Med: 1.60 Max: 6.9
Current: 6.9
0.37
6.9
Days Sales Outstanding 17.85
MCEP's Days Sales Outstanding is ranked higher than
86% of the 444 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 40.25 vs. MCEP: 17.85 )
Ranked among companies with meaningful Days Sales Outstanding only.
MCEP' s 10-Year Days Sales Outstanding Range
Min: 23.27  Med: 34.79 Max: 76.91
Current: 17.85
23.27
76.91

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 26.67
MCEP's Dividend Yield is ranked higher than
92% of the 371 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.04 vs. MCEP: 26.67 )
Ranked among companies with meaningful Dividend Yield only.
MCEP' s 10-Year Dividend Yield Range
Min: 0.23  Med: 8.68 Max: 47.03
Current: 26.67
0.23
47.03
Dividend Payout 2.51
MCEP's Dividend Payout is ranked lower than
93% of the 159 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.64 vs. MCEP: 2.51 )
Ranked among companies with meaningful Dividend Payout only.
MCEP' s 10-Year Dividend Payout Range
Min: 0.38  Med: 1.71 Max: 128.75
Current: 2.51
0.38
128.75
Yield on cost (5-Year) 26.67
MCEP's Yield on cost (5-Year) is ranked higher than
92% of the 381 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.49 vs. MCEP: 26.67 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
MCEP' s 10-Year Yield on cost (5-Year) Range
Min: 0.23  Med: 8.68 Max: 47.03
Current: 26.67
0.23
47.03

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.62
MCEP's Price/Tangible Book is ranked higher than
69% of the 498 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.04 vs. MCEP: 0.62 )
Ranked among companies with meaningful Price/Tangible Book only.
MCEP' s 10-Year Price/Tangible Book Range
Min: 0.72  Med: 6.00 Max: 9.16
Current: 0.62
0.72
9.16
Price/Median PS Value 0.16
MCEP's Price/Median PS Value is ranked higher than
84% of the 429 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. MCEP: 0.16 )
Ranked among companies with meaningful Price/Median PS Value only.
MCEP' s 10-Year Price/Median PS Value Range
Min: 0.19  Med: 0.99 Max: 1.65
Current: 0.16
0.19
1.65
Price/Graham Number 0.48
MCEP's Price/Graham Number is ranked higher than
76% of the 189 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.89 vs. MCEP: 0.48 )
Ranked among companies with meaningful Price/Graham Number only.
MCEP' s 10-Year Price/Graham Number Range
Min: 0.53  Med: 2.06 Max: 4.55
Current: 0.48
0.53
4.55
Earnings Yield (Greenblatt) (%) 6.56
MCEP's Earnings Yield (Greenblatt) (%) is ranked higher than
73% of the 569 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -3.70 vs. MCEP: 6.56 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MCEP' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 3.5  Med: 5.50 Max: 8.7
Current: 6.56
3.5
8.7

Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P
Compare: » details
Mid-Con Energy Partners LP is a Delaware limited partnership formed in December 2011 to own, operate, acquire, exploit and develop producing oil and natural gas properties in North America. Its management team has industry experience, especially with waterflood projects and, as a result, its operations focus mainly on enhancing the development of producing oil properties through waterflooding. It is managed and operated by the board of directors and executive officers of its general partner, Mid-Con Energy GP, LLC. As of December 31, 2013, the total estimated proved reserves were approximately 13.9 MMBoe, of which approximately 98% were oil and 76% were proved developed, both on a Boe basis. As of December 31, 2013, it operated 99% of its properties through its affiliate, Mid-Con Energy Operating and 99% of its properties were being produced under waterflood, in each instance on a Boe basis. The average net production for the month ended December 31, 2013 was approximately 2,496 Boe per day and its total estimated proved reserves had an average reserve-to-production ratio of approximately 15 years. The core areas of operation are Southern Oklahoma, Northeastern Oklahoma and parts of Oklahoma and Colorado within the Hugoton Basin. The company own a 83% working interest across 398 gross producing (377 net) wells, 161 gross injection (152 net) wells, and 170 gross (169 net) wells shut-in or waiting on completion and operate 99% of its properties by value, as calculated using the standardized measure. The Company's operations are subject to stringent and complex federal, tribal, state and local laws and regulations governing environmental protection as well as the discharge of materials into the environment.
» More Articles for MCEP

Headlines

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