Mid-Con Energy Partners, LP - Common Units (MCEP) Company Bio
Mid-Con Energy Partners LP explores, develops, and produces oil and natural gas properties located in the Southern Oklahoma, Northeastern Oklahoma, parts of Oklahoma and Colorado within the Hugoton, West Texas within the Eastern Shelf of the Permian, and upper Texas Gulf Coast in the Mid-Continent region of the United States. The company was founded in 2011 and is based in Dallas, Texas.
MCEP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Mid-Con Energy Partners LP. To summarize, we found that Mid-Con Energy Partners LP ranked in the 94th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 5398% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for MCEP, they are:
As a business, MCEP is generating more cash flow than only 22.81% of positive cash flow stocks in the Energy.
6% of the company's capital comes from equity, which is greater than just 2.87% of stocks in our cash flow based forecasting set.
Mid-Con Energy Partners LP's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 0.88. This coverage rate is greater than that of only 24.13% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as MCEP, try PDS, CPG, GPRK, WMB, and SHLX.