Midstates Petroleum Co. Given “Buy” Rating at Canaccord Genuity (MPO)
Midstates Petroleum Co. (NYSE:MPO)‘s stock had its “buy” rating restated by Canaccord Genuity in a research note issued on Monday, Analyst Ratings Network.com reports. They currently have a $8.00 price target on the stock. Canaccord Genuity’s price target would suggest a potential upside of 55.04% from the stock’s previous close.
A number of other firms have also recently commented on MPO. Analysts at SunTrust raised their price target on shares of Midstates Petroleum Co. from $11.50 to $12.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Midstates Petroleum Co. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 9th. They now have a $5.20 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Midstates Petroleum Co. has a consensus rating of “Buy” and an average target price of $9.02.
Midstates Petroleum Co. (NYSE:MPO) traded down 0.77% during mid-day trading on Monday, hitting $5.16. 639,154 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 $8.95. The stock’s 50-day moving average is $5.10 and its 200-day moving average is $5.79. The company’s market cap is $339.6 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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