Northland Securities Downgrades Midstates Petroleum Company to Market Perform (MPO)
Midstates Petroleum Company (NYSE:MPO) was downgraded by equities researchers at Northland Securities from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday. They currently have a $7.50 price objective on the stock. Northland Securities’ price target would indicate a potential upside of 3.73% from the stock’s previous close.
A number of other firms have also recently commented on MPO. Analysts at SunTrust reiterated a “buy” rating on shares of Midstates Petroleum Company in a research note on Wednesday, June 25th. They now have a $12.00 price target on the stock, up previously from $10.00. Separately, analysts at Zacks upgraded shares of Midstates Petroleum Company from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 17th. They now have a $7.30 price target on the stock. Finally, analysts at Zacks upgraded shares of Midstates Petroleum Company from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 8th. They now have a $5.20 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.58.
Midstates Petroleum Company (NYSE:MPO) opened at 7.23 on Tuesday. Midstates Petroleum Company has a 52 week low of $4.13 and a 52 week high of $7.50. The stock’s 50-day moving average is $6.26 and its 200-day moving average is $5.61. The company’s market cap is $479.5 million.
Midstates Petroleum Company (NYSE:MPO) last released its earnings data on Tuesday, May 6th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.02 earnings per share. Midstates Petroleum Company’s revenue was up 103.7% compared to the same quarter last year. On average, analysts predict that Midstates Petroleum Company will post $0.49 earnings per share 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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