Published On: Wed, Oct 19th, 2016

Midcoast Energy Partners, L.P. (NYSE:MEP) Latest Broker Coverage


A number of investment brokers have recently updated their price targets on shares of Midcoast Energy Partners, L.P. (NYSE:MEP).

Most recent broker ratings

05/03/2016 – Midcoast Energy Partners, L.P. was upgraded to “neutral” by analysts at Credit Suisse. They now have a USD 6 price target on the stock.

02/25/2016 – Morgan Stanley began new coverage on Midcoast Energy Partners, L.P. giving the company a “underweight” rating. They now have a USD 5 price target on the stock.

02/18/2016 – Midcoast Energy Partners, L.P. had its “equal-weight” rating reiterated by analysts at Barclays. They now have a USD 7 price target on the stock.

09/11/2015 – Midcoast Energy Partners, L.P. had its “neutral” rating reiterated by analysts at Goldman Sachs. They now have a USD 12 price target on the stock.

07/30/2015 – Midcoast Energy Partners, L.P. was upgraded to “neutral” by analysts at UBS.

05/04/2015 – Midcoast Energy Partners, L.P. was downgraded to “underweight” by analysts at JP Morgan. They now have a USD 13 price target on the stock.

05/01/2015 – Midcoast Energy Partners, L.P. was downgraded to “market perform” by analysts at Wells Fargo.

04/30/2015 – Midcoast Energy Partners, L.P. was downgraded to “hold” by analysts at Zacks.

01/05/2015 – Midcoast Energy Partners, L.P. had its “hold” rating reiterated by analysts at Global Hunter Securities. They now have a USD 15 price target on the stock.

10/15/2014 – Midcoast Energy Partners, L.P. had its “underperform” rating reiterated by analysts at Bank of America Merrill Lynch. They now have a USD 18 price target on the stock.

12/17/2013 – Deutsche Bank began new coverage on Midcoast Energy Partners, L.P. giving the company a “hold” rating. They now have a USD 21 price target on the stock.

12/17/2013 – Citigroup began new coverage on Midcoast Energy Partners, L.P. giving the company a “neutral” rating.

The share price of Midcoast Energy Partners, L.P. (NYSE:MEP) was up +0.36% during the last day of trading, with a day high of 8.48. 14324 shares were traded during the last session.

The stock’s 50 day moving average is 8.43 and its 200 day moving average is 7.83. The stock’s market capitalization is 378.94M. Midcoast Energy Partners, L.P. has a 52-week low of 3.76 and a 52-week high of 13.58.

Midcoast Energy Partners, L.P. is a limited partnership that serves as Enbridge Energy Partners, L.P.’s primary vehicle for owning and operating its natural gas and natural gas liquids (NGLs) midstream business in the United States. The Company operates through two segments: Gathering, Processing and Transportation, and Logistics and Marketing. Its gathering, processing and transportation business includes natural gas and NGL gathering and transportation pipeline systems, natural gas processing and treating facilities, condensate stabilizers and an NGL fractionation facility. Its logistics and marketing business provides marketing services of natural gas, NGLs and condensate received from its gathering, processing and transportation business. Its physical assets consist of over 200 transport trucks, approximately 370 trailers and over 200 railcars for transporting NGLs; TexPan liquids railcar facility near Pampa, Texas, and Petal truck and rail facility near Hattiesburg, Mississippi.