Midstates Petroleum (MPO) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Midstates Petroleum (NYSE:MPO) from a sell rating to a hold rating in a research note published on Friday morning.

Midstates Petroleum stock opened at $10.18 on Friday. The company has a market capitalization of $218.61 million, a price-to-earnings ratio of 8.42 and a beta of 1.58. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. Midstates Petroleum has a twelve month low of $6.22 and a twelve month 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.77. The firm had revenue of $69.64 million for the quarter. Midstates Petroleum had a negative net margin of 55.81% and a positive return on equity of 4.89%.

In other news, major shareholder Fir Tree Capital Management Lp sold 1,706,949 shares of the stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $10.00, for a total transaction of $17,069,490.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in MPO. Bridgeway Capital Management Inc. acquired a new position in shares of Midstates Petroleum during the 3rd quarter worth $1,909,000. Quantum Capital Management increased its stake in shares of Midstates Petroleum by 53.2% during the 4th quarter. Quantum Capital Management now owns 554,358 shares of the energy producer’s stock worth $4,163,000 after purchasing an additional 192,510 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Midstates Petroleum during the 4th quarter worth $1,196,000. Dimensional Fund Advisors LP increased its stake in shares of Midstates Petroleum by 31.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 621,207 shares of the energy producer’s stock worth $4,665,000 after purchasing an additional 148,225 shares during the last quarter. Finally, Ancora Advisors LLC increased its stake in shares of Midstates Petroleum by 20.4% during the 4th quarter. Ancora Advisors LLC now owns 619,250 shares of the energy producer’s stock worth $4,650,000 after purchasing an additional 104,712 shares during the last quarter. Institutional investors own 94.34% of the company’s stock.

About Midstates Petroleum

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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