Midstates Petroleum (MPO) Announces Earnings Results, Misses Expectations By $0.25 EPS

Midstates Petroleum (NYSE:MPO) posted its earnings results on Friday. The energy producer reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.25), Fidelity Earnings reports. Midstates Petroleum had a positive return on equity of 2.00% and a negative net margin of 59.15%. The business had revenue of $47.77 million for the quarter.

Shares of MPO opened at $8.80 on Friday. The company has a market cap of $206.60 million, a PE ratio of 12.59 and a beta of 1.34. Midstates Petroleum has a twelve month low of $6.77 and a twelve month high of $19.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.62 and a quick ratio of 0.62.

Separately, ValuEngine raised Midstates Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th.

An institutional investor recently raised its position in Midstates Petroleum stock. Bank of New York Mellon Corp raised its holdings in shares of Midstates Petroleum Company Inc (NYSE:MPO) by 14.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,998 shares of the energy producer’s stock after acquiring an additional 8,406 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.26% of Midstates Petroleum worth $898,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 98.15% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Midstates Petroleum (MPO) Announces Earnings Results, Misses Expectations By $0.25 EPS” was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.thelincolnianonline.com/2018/11/10/midstates-petroleum-mpo-announces-earnings-results-misses-expectations-by-0-25-eps.html.

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.

Featured Story: How is the discount rate different from the Federal Funds rate?

Earnings History for Midstates Petroleum (NYSE:MPO)

Receive News & Ratings for Midstates Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midstates Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply