Zacks Downgrades Midstates Petroleum Co. to Underperform (MPO)
Midstates Petroleum Co. (NYSE:MPO) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports. They currently have a $4.80 target price on the stock. Zacks‘ target price suggests a potential downside of 4.57% from the stock’s previous close.
Shares of Midstates Petroleum Co. (NYSE:MPO) traded down 0.89% on Tuesday, hitting $4.985. 412,552 shares of the company’s stock traded hands. Midstates Petroleum Co. has a 52-week low of $4.26 and a 52-week high of $9.23. The stock’s 50-day moving average is $5.03 and its 200-day moving average is $6.22. The company’s market cap is $328.1 million.
A number of other firms have also recently commented on MPO. Analysts at Northland Securities initiated coverage on shares of Midstates Petroleum Co. (NYSE:MPO) in a research note to investors on Tuesday, August 27th. They set an “outperform” rating and a $9.00 price target on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Midstates Petroleum Co. (NYSE:MPO) in a research note to investors on Tuesday, August 27th. They set an “outperform” rating and a $9.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Midstates Petroleum Co. (NYSE:MPO) from $8.00 to $7.00 in a research note to investors on Thursday, August 8th.
One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Midstates Petroleum Co. currently has a consensus rating of “Buy” and an average price target of $9.13.
Midstates Petroleum Company, Inc is an independent exploration and production company. The Company’s areas of operation include Pine Prairie, South Bearhead Creek/Oretta, West Gordon and North Cowards Gully.
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