Midstates Petroleum (NYSE:MPO) issued its earnings results on Thursday. The energy producer reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.25), Fidelity Earnings reports. The firm had revenue of $47.77 million during the quarter. Midstates Petroleum had a positive return on equity of 2.00% and a negative net margin of 59.15%.
Midstates Petroleum stock traded up $0.63 during trading hours on Friday, hitting $8.80. The stock had a trading volume of 170,600 shares, compared to its average volume of 117,259. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market capitalization of $202.06 million, a PE ratio of 12.31 and a beta of 1.34. Midstates Petroleum has a 12-month low of $6.77 and a 12-month high of $19.03.
Separately, ValuEngine raised shares of Midstates Petroleum from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th.
A hedge fund recently raised its stake in Midstates Petroleum stock. Bank of New York Mellon Corp lifted its stake in Midstates Petroleum Company Inc (NYSE:MPO) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,998 shares of the energy producer’s stock after acquiring an additional 8,406 shares during the quarter. Bank of New York Mellon Corp owned 0.26% of Midstates Petroleum worth $898,000 as of its most recent filing with the Securities & Exchange Commission. 98.15% of the stock is currently owned by institutional investors.
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Midstates Petroleum Company Profile
Midstates Petroleum Company, Inc engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. The company's operations are primarily focused on exploration and production activities in the Mississippian Lime and Anadarko Basin. As of December 31, 2017, its Mississippian Lime assets consisted of approximately 117,451 net acres in the Mississippian Lime trend in Woods and Alfalfa counties of Oklahoma; and Anadarko Basin assets consisted of approximately 76,409 net acres in Texas and 16,198 net acres in Western Oklahoma.
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