Midstates Petroleum Co. Price Target Lowered to $10.00 at Societe Generale (MPO)
Equities research analysts at Societe Generale reduced their price target on shares of Midstates Petroleum Co. (NYSE:MPO) from $13.00 to $10.00 in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Societe Generale’s target price points to a potential upside of 93.42% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Canaccord Genuity raised their price target on shares of Midstates Petroleum Co. (NYSE:MPO) from $7.00 to $8.00 in a research note to investors on Thursday, September 12th. They now have a “buy” rating 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 issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $8.93.
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 one year low of $4.26 and a one year high of $9.15. The stock has a 50-day moving average of $4.94 and a 200-day moving average of $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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