Midstates Petroleum Company Given Average Rating of “Hold” by Brokerages (NYSE:MPO)
Shares of Midstates Petroleum Company (NYSE:MPO) have received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Stock Ratings News reports. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $17.08.
A number of research firms have recently commented on MPO. Analysts at Zacks downgraded shares of Midstates Petroleum Company from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $7.30 price target on the stock. Separately, 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. Finally, 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.
Midstates Petroleum Company (NYSE:MPO) traded up 1.72% on Friday, hitting $6.52. The stock had a trading volume of 24,271 shares. 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 $6.4 and its 200-day moving average is $5.86. The company’s market cap is $433.9 million.
Midstates Petroleum Company (NYSE:MPO) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.06) earnings per share. Midstates Petroleum Company’s revenue was up 17.5% compared to the same quarter last year. On average, analysts predict that Midstates Petroleum Company will post $0.54 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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