Midstates Petroleum (MPO) Upgraded by TheStreet to C-

Midstates Petroleum (NYSE:MPO) was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating in a report released on Monday, 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.

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

Midstates Petroleum (NYSE:MPO) last posted its quarterly earnings results on Wednesday, March 13th. The energy producer reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.77. The business 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 stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Midstates Petroleum by 8.3% in the third quarter. JPMorgan Chase & Co. now owns 124,147 shares of the energy producer’s stock valued at $1,107,000 after buying an additional 9,563 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Midstates Petroleum by 31.8% in the third quarter. Dimensional Fund Advisors LP now owns 472,982 shares of the energy producer’s stock valued at $4,214,000 after buying an additional 114,167 shares in the last quarter. Renaissance Technologies LLC boosted its position in Midstates Petroleum by 18.9% in the third quarter. Renaissance Technologies LLC now owns 445,400 shares of the energy producer’s stock valued at $3,969,000 after buying an additional 70,900 shares in the last quarter. Marshall Wace LLP acquired a new stake in Midstates Petroleum in the third quarter valued at approximately $462,000. Finally, Bank of Montreal Can boosted its position in 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 buying an additional 2,288 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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