Midstates Petroleum Co. PT Raised to $12.00 at SunTrust (MPO)
Equities researchers at SunTrust hoisted their price objective on shares of Midstates Petroleum Co. (NYSE:MPO) from $11.50 to $12.00 in a research report issued on Monday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. SunTrust’s price target suggests a potential upside of 132.56% from the stock’s previous close.
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 one year low of $4.26 and a one year high of $8.95. The stock has a 50-day moving average of $5.10 and a 200-day moving average of $5.79. The company’s market cap is $339.6 million.
A number of other firms have also recently commented on MPO. 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. Separately, 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. 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 given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $9.02.
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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