Midstates Petroleum Co. (MPO) Issues Earnings Results
Midstates Petroleum Co. (NYSE:MPO) released its quarterly earnings results on Tuesday. The energy producer reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by $0.04, Morningstar.com reports. Midstates Petroleum had a net margin of 600.76% and a negative return on equity of 325.30%. The business had revenue of $60.68 million during the quarter.
Midstates Petroleum (MPO) traded up 5.36% during midday trading on Wednesday, reaching $14.55. The company’s stock had a trading volume of 114,113 shares. The stock’s 50-day moving average price is $13.07 and its 200 day moving average price is $17.40. Midstates Petroleum has a 1-year low of $0.05 and a 1-year high of $25.00.
Several hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in shares of Midstates Petroleum during the fourth quarter worth about $552,000. Alambic Investment Management L.P. boosted its stake in shares of Midstates Petroleum by 83.3% in the first quarter. Alambic Investment Management L.P. now owns 22,542 shares of the energy producer’s stock worth $416,000 after buying an additional 10,242 shares during the period. Segantii Capital Management Ltd boosted its stake in shares of Midstates Petroleum by 633.4% in the first quarter. Segantii Capital Management Ltd now owns 16,384 shares of the energy producer’s stock worth $302,000 after buying an additional 14,150 shares during the period. Vanguard Group Inc. boosted its stake in shares of Midstates Petroleum by 4.8% in the first quarter. Vanguard Group Inc. now owns 440,612 shares of the energy producer’s stock worth $8,129,000 after buying an additional 20,300 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in shares of Midstates Petroleum during the first quarter worth about $3,704,000. 94.49% of the stock is owned by hedge funds and other institutional investors.
About Midstates Petroleum
Midstates Petroleum Company, Inc is an independent exploration and production company. The Company operates oil and natural gas properties, and is engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. It is focused on the application of drilling and completion techniques in oil and basins in the onshore United States.
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