TheStreet cut shares of Midstates Petroleum (NYSE:MPO) from a c- rating to a d rating in a research note issued to investors on Wednesday morning.
Several other research analysts also recently weighed in on MPO. Noble Financial reaffirmed a hold rating on shares of Midstates Petroleum in a research note on Thursday, November 16th. ValuEngine downgraded Midstates Petroleum from a hold rating to a sell rating in a research note on Thursday, March 1st.
Shares of Midstates Petroleum (MPO) traded up $0.07 during mid-day trading on Wednesday, hitting $12.53. The stock had a trading volume of 40,103 shares, compared to its average volume of 133,122. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.21. The firm has a market cap of $338.83, a P/E ratio of -3.68 and a beta of 1.60. Midstates Petroleum has a twelve month low of $10.87 and a twelve month high of $19.75.
Midstates Petroleum (NYSE:MPO) last announced its earnings results on Tuesday, March 13th. The energy producer reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The business had revenue of $53.34 million for the quarter, compared to analyst estimates of $52.02 million. Midstates Petroleum had a positive return on equity of 6.73% and a negative net margin of 37.23%. research analysts forecast that Midstates Petroleum will post 1.23 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of MPO. State Street Corp acquired a new position in Midstates Petroleum in the 2nd quarter valued at $1,777,000. Stansberry Asset Management LLC acquired a new stake in shares of Midstates Petroleum in the 4th quarter worth $2,128,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Midstates Petroleum by 470.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 141,494 shares of the energy producer’s stock worth $2,346,000 after acquiring an additional 116,694 shares during the last quarter. Akanthos Capital Management LLC increased its stake in shares of Midstates Petroleum by 207.4% in the 3rd quarter. Akanthos Capital Management LLC now owns 153,701 shares of the energy producer’s stock worth $2,389,000 after acquiring an additional 103,701 shares during the last quarter. Finally, Northern Trust Corp acquired a new stake in shares of Midstates Petroleum in the 2nd quarter worth $1,282,000. 94.99% of the stock is owned by hedge funds and other institutional investors.
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Midstates Petroleum Company Profile
Midstates Petroleum Company, Inc is an independent exploration and production company. The Company operates oil and natural gas properties, and is engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. It is focused on the application of drilling and completion techniques in oil and basins in the onshore United States.
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