Midstates Petroleum Company Given “Buy” Rating at Societe Generale (MPO)
Midstates Petroleum Company (NYSE:MPO)‘s stock had its “buy” rating reiterated by research analysts at Societe Generale in a report released on Wednesday, American Banking News.com reports. They currently have a $9.00 price target on the stock, down from their previous price target of $10.00. Societe Generale’s target price indicates a potential upside of 66.05% from the stock’s previous close.
Shares of Midstates Petroleum Company (NYSE:MPO) opened at 5.42 on Wednesday. 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 $5.31 and its 200-day moving average is $5.49. The company’s market cap is $381.2 million.
Midstates Petroleum Company (NYSE:MPO) last announced its 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. On average, analysts predict that Midstates Petroleum Company will post $0.09 earnings per share for the current fiscal year.
MPO has been the subject of a number of other recent research reports. 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. Separately, 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. 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. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Midstates Petroleum Company currently has a consensus rating of “Hold” and a consensus target price of $16.65.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.