Mid Con Story

<div class='circular--portrait' style='background:#169D0B;color: #E6E6FA;font-size:4em;'>MC</div>
MCEP -- USA Stock  

USD 2.61  0.04  1.51%

The stock is currently experiences an active upward rally. Mid Con Market Capitalization is very stable at the moment as compared to the past year. Mid Con reported last year Market Capitalization of 8.55 Million. As of 1st of August 2020, Tangible Asset Value is likely to grow to about 234.3 M, while Working Capital is likely to drop (2.9 M). As many baby boomers are still indifferent towards energy space, it makes sense to recap Mid Con Energy as a unique choice for millenniums. Let's focus on the possibilities of Mid Con maintaining its debt level in September.
Published over a month ago
View all stories for Mid Con | View All Stories
You think Mid Con (NASDAQ:MCEP) debt is an issue for insiders?
The company currently holds 74.78 M in liabilities with Debt to Equity (D/E) ratio of 0.78, which is about average as compared to similar companies. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Mid Con has an asset utilization ratio of 18.25 percent. This suggests that the company is making $0.18 for each dollar of assets. An increasing asset utilization means that Mid Con Energy is more efficient with each dollar of assets it utilizes for everyday operations.
Mid Con financial leverage ratio helps determine the effect of debt on the overall profitability of the company. It measures the total debt position of Mid Con, including all of Mid Con's outstanding debt obligations, and compares it with the equity. In simple terms, the high financial leverage means the cost of production, together with running the business day-to-day, is high, whereas, lower financial leverage implies lower fixed cost investment in the business and generally considered by investors to be a good sign. So if creditors own a majority of Mid Con assets, the company is considered highly leveraged. Understanding the composition and structure of overall Mid Con debt and outstanding corporate bonds gives a good idea of how risky the capital structure of a business is and if it is worth investing in it. Please read more on our technical analysis page.

Understanding Mid Con Total Liabilities

Mid Con Energy liabilities are broken down into two parts on the balance sheet. These are short-term (or current) obligations and long-term debt. Mid Con Energy has to fulfill its short-term liabilities in this reporting year and should be no more than 12 months old. Long-term debt, on the other hand, is anything beyond the 12-month payment timeframe. Common short-term liabilities found on Mid Con balance sheet include debt obligations and money owed to different Mid Con vendors, workers, and loan providers. Below is the chart of Mid Con short long-term liabilities accounts currently reported on its balance sheet.
You can use Mid Con Energy financial leverage analysis tool to get a better grip on understanding its financial position

How important is Mid Con's Liquidity

Mid Con financial leverage refers to using borrowed capital as a funding source to finance Mid Con Energy ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Mid Con financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Mid Con's total debt and its cash.

Is Mid Con valued appropriately by the market?

Mid Con Energy reported the previous year's revenue of 59.7 M. Net Income was 1.24 M with profit before overhead, payroll, taxes, and interest of 29.51 M.

Asset Breakdown

Total Assets234.32 Million
Current Assets7.76 Million
Assets Non Current221.78 Million

Another 3 percent roll up for Mid Con

The maximum drawdown is down to 104.93 as of today. As of the 1st of August, Mid Con secures the Risk Adjusted Performance of 0.1378, downside deviation of 6.64, and Mean Deviation of 8.3. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mid Con Energy, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down nineteen technical drivers for Mid Con, which can be compared to its peers in the industry. Please verify Mid Con Energy variance, as well as the relationship between the value at risk and skewness to decide if Mid Con Energy is priced some-what accurately, providing market reflects its recent price of 3.72 per share. Given that Mid Con Energy has jensen alpha of 0.7921, we recommend you to check Mid Con's last-minute market performance to make sure the company can sustain itself at a future point.

Our Conclusion on Mid Con

Although some other firms within the oil & gas e&p industry are still a little expensive, even after the recent corrections, Mid Con may offer a potential longer-term growth to insiders. With a somewhat neutral outlook on your 30 days horizon, it may be better to hold off any trading activity and neither take in new shares of Mid Con nor trade your existing holdings in the Stock. It seems the expected volatility has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Mid Con.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Mid Con Energy. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com