Midstates Petroleum Company Receives Average Rating of “Hold” from Analysts (NYSE:MPO)
Midstates Petroleum Company (NYSE:MPO) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $16.61.
Several analysts have recently commented on the stock. Analysts at Societe Generale reiterated a “buy” rating on shares of Midstates Petroleum Company in a research note on Wednesday. They now have a $9.00 price target on the stock, down previously from $10.00. Separately, analysts at Bank of America reiterated a “neutral” rating on shares of Midstates Petroleum Company in a research note on Friday, May 2nd. They now have a $100.00 price target on the stock. Finally, analysts at MLV & Co
downgraded shares of Midstates Petroleum Company from a “buy” rating to a “hold” rating in a research note on Monday, April 14th.
Shares of Midstates Petroleum Company (NYSE:MPO) traded up 1.96% on Thursday, hitting $5.20. 35,823 shares of the company’s stock traded hands. Midstates Petroleum Company has a 52-week low of $4.13 and a 52-week high of $7.04. The stock’s 50-day moving average is $5.30 and its 200-day moving average is $5.50. The company’s market cap is $365.8 million.
Midstates Petroleum Company (NYSE:MPO) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.15. The company had revenue of $144.66 million for the quarter, compared to the consensus estimate of $148.50 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 103.7% on a year-over-year basis. Analysts expect that Midstates Petroleum Company will post $0.11 EPS for the current fiscal year.
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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