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Should You Buy Mid-Con Energy Partners LP (MCEP) Stock on Friday?

Friday, January 15, 2021 01:50 PM | InvestorsObserver Analysts

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Should You Buy Mid-Con Energy Partners LP (MCEP) Stock on Friday?

Mid-Con Energy Partners LP (MCEP) stock has risen 23.53% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Mid-Con Energy Partners LP has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MCEP!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With MCEP Stock Today?

Mid-Con Energy Partners LP (MCEP) stock is higher by 8.12% while the S&P 500 is lower by -0.37% as of 1:46 PM on Friday, Jan 15. MCEP is up $0.41 from the previous closing price of $5.05 on volume of 169,803 shares. Over the past year the S&P 500 has risen 14.96% while MCEP is lower by -2.50%. MCEP lost -$8.27 per share in the over the last 12 months.

To see InvestorsObserver's Sentiment Score for Mid-Con Energy Partners LP click here.

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.

Click Here to get the full Stock Score Report on Mid-Con Energy Partners LP (MCEP) Stock.

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