Midstates Petroleum (MPO) Rating Increased to C- at TheStreet

TheStreet upgraded shares of Midstates Petroleum (NYSE:MPO) from a d+ rating to a c- rating in a research report released on Monday morning, TheStreetRatingsTable reports.

Separately, ValuEngine upgraded shares of Midstates Petroleum from a sell rating to a hold rating in a research report on Friday, March 15th.

Midstates Petroleum stock opened at $11.07 on Monday. The company has a market cap of $225.57 million, a PE ratio of 5.14 and a beta of 1.61. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.04. Midstates Petroleum has a 1 year low of $6.22 and a 1 year high of $15.05.

Midstates Petroleum (NYSE:MPO) last released its quarterly earnings data on Wednesday, March 13th. The energy producer reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.77. The firm had revenue of $69.64 million for the quarter. Midstates Petroleum had a net margin of 23.24% and a return on equity of 10.77%.

In related news, major shareholder Fir Tree Capital Management Lp sold 1,706,949 shares of the firm’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $10.00, for a total value of $17,069,490.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can grew its holdings in shares of Midstates Petroleum by 180.9% in the fourth quarter. Bank of Montreal Can now owns 3,553 shares of the energy producer’s stock valued at $27,000 after purchasing an additional 2,288 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Midstates Petroleum in the fourth quarter valued at $73,000. Meeder Asset Management Inc. grew its holdings in shares of Midstates Petroleum by 218.2% in the first quarter. Meeder Asset Management Inc. now owns 10,405 shares of the energy producer’s stock valued at $102,000 after purchasing an additional 7,135 shares in the last quarter. Smith Asset Management Group LP purchased a new position in shares of Midstates Petroleum in the fourth quarter valued at $128,000. Finally, Rhumbline Advisers grew its holdings in shares of Midstates Petroleum by 42.6% in the fourth quarter. Rhumbline Advisers now owns 21,933 shares of the energy producer’s stock valued at $165,000 after purchasing an additional 6,553 shares in the last quarter.

Midstates Petroleum Company Profile

Midstates Petroleum Company, Inc engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. The company's operations are primarily focused on exploration and production activities in the Mississippian Lime. As of December 31, 2018, its assets consisted of approximately 102,198 net acres in the Mississippian Lime trend in Woods and Alfalfa counties of Oklahoma.

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