Share on StockTwits

Midstates Petroleum Company (NYSE:MPO) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday. They currently have a $7.30 price target on the stock. Zacks‘s target price indicates a potential upside of 8.31% from the stock’s previous close.

Shares of Midstates Petroleum Company (NYSE:MPO) traded down 6.53% on Tuesday, hitting $6.30. 354,514 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 $7.50. The stock’s 50-day moving average is $6.50 and its 200-day moving average is $5.64. The company’s market cap is $419.3 million.

Midstates Petroleum Company (NYSE:MPO) last announced its earnings results on Tuesday, August 5th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.15. The company had revenue of $148.00 million for the quarter, compared to the consensus estimate of $165.61 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. On average, analysts predict that Midstates Petroleum Company will post $0.53 earnings per share for the current fiscal year.

MPO has been the subject of a number of other recent research reports. Analysts at ISI Group initiated coverage on shares of Midstates Petroleum Company in a research note on Friday, July 18th. They set a “market perform” rating and a $7.50 price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Midstates Petroleum Company in a research note on Wednesday, July 16th. They set a “market perform” rating and a $7.50 price target on the stock. Finally, analysts at Northland Securities downgraded shares of Midstates Petroleum Company from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 1st. They now have a $7.50 price target on the stock. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Midstates Petroleum Company presently has a consensus rating of “Hold” and a consensus price target of $16.35.

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.

To view Zacks’ full report, visit Zacks’ official website.

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.