TheStreet Downgrades Midstates Petroleum (NYSE:MPO) to D

Midstates Petroleum (NYSE:MPO) was downgraded by investment analysts at TheStreet from a “c-” rating to a “d” rating in a report issued on Wednesday, March 14th.

Other equities research analysts also recently issued reports about the company. Noble Financial restated a “hold” rating on shares of Midstates Petroleum in a report on Thursday, November 16th. ValuEngine downgraded Midstates Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, March 1st.

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Shares of MPO traded up $0.01 during trading hours on Wednesday, hitting $13.89. 137,216 shares of the stock traded hands, compared to its average volume of 160,024. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.26. Midstates Petroleum has a 1-year low of $10.87 and a 1-year high of $19.75. The firm has a market capitalization of $349.41, a PE ratio of 8.68 and a beta of 1.22.

Midstates Petroleum (NYSE:MPO) last released its quarterly earnings data on Tuesday, March 13th. The energy producer reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). The company had revenue of $53.34 million during the quarter, compared to the consensus estimate of $52.02 million. Midstates Petroleum had a negative net margin of 37.23% and a positive return on equity of 7.06%.

Several hedge funds have recently bought and sold shares of MPO. New York State Common Retirement Fund acquired a new position in shares of Midstates Petroleum during the second quarter worth about $151,000. Parametric Portfolio Associates LLC acquired a new position in shares of Midstates Petroleum during the second quarter worth about $198,000. Ameriprise Financial Inc. acquired a new position in shares of Midstates Petroleum during the second quarter worth about $216,000. California State Teachers Retirement System acquired a new position in shares of Midstates Petroleum during the second quarter worth about $251,000. Finally, Teachers Advisors LLC acquired a new position in shares of Midstates Petroleum during the second quarter worth about $255,000. 94.99% of the stock is owned by institutional investors.

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About Midstates Petroleum

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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