Midstates Petroleum Co. Given “Buy” Rating at Canaccord Genuity (MPO)
Midstates Petroleum Co. (NYSE:MPO)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Wednesday, StockRatingsNetwork reports. They currently have a $8.00 price objective on the stock. Canaccord Genuity’s target price points to a potential upside of 54.74% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale cut their price target on shares of Midstates Petroleum Co. (NYSE:MPO) from $13.00 to $10.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Northland Securities reiterated a “buy” rating on shares of Midstates Petroleum Co. (NYSE:MPO) in a research note to investors on Thursday, September 12th. They now have a $9.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Midstates Petroleum Co. (NYSE:MPO) from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, September 10th. They now have a $4.80 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $8.93.
Shares of Midstates Petroleum Co. (NYSE:MPO) traded up 3.40% on Wednesday, hitting $5.17. The stock had a trading volume of 936,892 shares. Midstates Petroleum Co. has a 1-year low of $4.26 and a 1-year high of $9.15. The stock’s 50-day moving average is $4.94 and its 200-day moving average is $5.9. The company’s market cap is $340.3 million.
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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