Midstates Petroleum (MPO) Raised to “Hold” at ValuEngine

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ValuEngine upgraded shares of Midstates Petroleum (NYSE:MPO) from a sell rating to a hold rating in a report issued on Tuesday.

Shares of NYSE:MPO opened at $10.34 on Tuesday. Midstates Petroleum has a 12-month low of $10.21 and a 12-month high of $19.03. The company has a market capitalization of $281.11 million, a price-to-earnings ratio of 11.13 and a beta of 0.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.62 and a quick ratio of 0.62.

Midstates Petroleum (NYSE:MPO) last announced its quarterly earnings results on Thursday, August 2nd. The energy producer reported $0.18 earnings per share (EPS) for the quarter. Midstates Petroleum had a positive return on equity of 2.00% and a negative net margin of 59.15%. The company had revenue of $42.32 million during the quarter.

A number of large investors have recently made changes to their positions in the business. Sound Point Capital Management LP lifted its holdings in Midstates Petroleum by 3.0% in the second quarter. Sound Point Capital Management LP now owns 972,450 shares of the energy producer’s stock valued at $13,235,000 after acquiring an additional 28,507 shares during the period. BlackRock Inc. lifted its holdings in Midstates Petroleum by 38.6% in the second quarter. BlackRock Inc. now owns 795,564 shares of the energy producer’s stock valued at $10,829,000 after acquiring an additional 221,374 shares during the period. Northern Trust Corp lifted its holdings in Midstates Petroleum by 58.4% in the first quarter. Northern Trust Corp now owns 618,618 shares of the energy producer’s stock valued at $8,247,000 after acquiring an additional 228,146 shares during the period. Russell Investments Group Ltd. lifted its holdings in Midstates Petroleum by 34.3% in the first quarter. Russell Investments Group Ltd. now owns 539,020 shares of the energy producer’s stock valued at $7,185,000 after acquiring an additional 137,593 shares during the period. Finally, Ancora Advisors LLC lifted its holdings in Midstates Petroleum by 8.9% in the first quarter. Ancora Advisors LLC now owns 407,247 shares of the energy producer’s stock valued at $5,429,000 after acquiring an additional 33,337 shares during the period. 98.18% of the stock is owned by institutional investors.

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 and Anadarko Basin. As of December 31, 2017, its Mississippian Lime assets consisted of approximately 117,451 net acres in the Mississippian Lime trend in Woods and Alfalfa counties of Oklahoma; and Anadarko Basin assets consisted of approximately 76,409 net acres in Texas and 16,198 net acres in Western Oklahoma.

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