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 released on Tuesday.

MPO opened at $10.62 on Tuesday. 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 has a 12 month low of $10.45 and a 12 month high of $19.03. The firm has a market capitalization of $281.11 million, a P/E ratio of 11.13 and a beta of 0.68.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mackay Shields LLC boosted its stake in Midstates Petroleum by 7.0% in the 2nd quarter. Mackay Shields LLC now owns 64,300 shares of the energy producer’s stock worth $875,000 after purchasing an additional 4,200 shares during the period. Rhumbline Advisers boosted its stake in Midstates Petroleum by 46.3% in the 2nd quarter. Rhumbline Advisers now owns 15,087 shares of the energy producer’s stock worth $205,000 after purchasing an additional 4,777 shares during the period. Citadel Advisors LLC boosted its stake in Midstates Petroleum by 26.3% in the 1st quarter. Citadel Advisors LLC now owns 32,070 shares of the energy producer’s stock worth $427,000 after purchasing an additional 6,675 shares during the period. Raymond James & Associates boosted its stake in Midstates Petroleum by 19.1% in the 2nd quarter. Raymond James & Associates now owns 52,144 shares of the energy producer’s stock worth $710,000 after purchasing an additional 8,360 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Midstates Petroleum by 14.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 65,998 shares of the energy producer’s stock worth $898,000 after purchasing an additional 8,406 shares during the period. 98.18% of the stock is owned by hedge funds and other 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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