Mid-Con Energy Partners LP (MCEP) stock has risen 46.78% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With MCEP Stock Today?
Mid-Con Energy Partners LP (MCEP) stock is trading at $4.33 as of 10:04 AM on Tuesday, Dec 15, an increase of $0.55, or 14.55% from the previous closing price of $3.78. Volume today is elevated. So far 3,100,121 shares have traded compared to average volume of 168,354 shares. The stock has traded between $4.03 and $4.60 so far today.
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More About Mid-Con Energy Partners LP
Mid-Con Energy Partners LP is engaged in the development and production of oil and natural gas properties. The company's properties are located in Oklahoma and Wyoming core areas. It derives most of the revenue from the sale of oil and natural gas, of which a majority of the revenue is derived from oil sales.
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