On 2016-07-28, Midcoast Energy Partners, L.P. (NYSE:MEP) confirmed the dividend disbursement of $0.357 a share to shareholders as on record 2016-08-05. The firm will release dividend on 2016-08-12 while ex-dividend date is reported to be 2016-08-03.
The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Midcoast Energy Partners, L.P. (NYSE:MEP) paid a total of $0.357 per share in dividends. This figure stood at $0.357 a share in the same period a year ago indicating a deviation of 22.6521%.
Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $6.5 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $8.5 and $4, respectively.
Taking the mathematical rating formula, the price for Midcoast Energy Partners, L.P. (NYSE:MEP) stands at 3.58. Earnings Review Midcoast Energy Partners, L.P. (NYSE:MEP) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are expecting EPS of $-0.2.
Coming to the quarter ending on 2015-12-31, Midcoast Energy Partners, L.P. (NYSE:MEP) recorded EPS of $-0.16. The reported numbers came lower than the analysts’ estimates of $-0.47, demonstrating a miss of $0.31 as against reported figures.
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