Midstates Petroleum Co. Upgraded to “Neutral” by Zacks (MPO)
Midstates Petroleum Co. (NYSE:MPO) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday, StockRatingsNetwork reports. The firm currently has a $5.20 price objective on the stock. Zacks‘ target price would suggest a potential upside of 1.76% from the company’s current price.
Midstates Petroleum Co. (NYSE:MPO) traded down 0.20% on Wednesday, hitting $5.10. The stock had a trading volume of 500,209 shares. Midstates Petroleum Co. has a 1-year low of $4.26 and a 1-year high of $8.95. The stock’s 50-day moving average is $5.03 and its 200-day moving average is $5.83. The company’s market cap is $335.7 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Midstates Petroleum Co. in a research note to investors on Wednesday, October 2nd. They now have a $8.00 price target on the stock. Separately, analysts at Societe Generale cut their price target on shares of Midstates Petroleum Co. from $13.00 to $10.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Finally, analysts at Northland Securities reiterated a “buy” rating on shares of Midstates Petroleum Co. in a research note to investors on Thursday, September 12th. They now have a $9.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $8.97.
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.
To view Zacks’ full report, visit www.zacks.com
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