Midstates Petroleum (NYSE:MPO) Shares Up 17.4%

Midstates Petroleum Company Inc (NYSE:MPO) shot up 17.4% during mid-day trading on Wednesday . The company traded as high as $5.38 and last traded at $5.12, 492,393 shares traded hands during trading. An increase of 147% from the average session volume of 199,486 shares. The stock had previously closed at $4.36.

A number of brokerages recently issued reports on MPO. ValuEngine raised shares of Midstates Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet lowered shares of Midstates Petroleum from a “c-” rating to a “d+” rating in a research note on Tuesday, June 11th.

The stock has a market cap of $104.55 million, a price-to-earnings ratio of 2.17 and a beta of 2.13. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $5.35.

Midstates Petroleum (NYSE:MPO) last released its quarterly earnings data on Friday, May 10th. The energy producer reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.73). The firm had revenue of $22.11 million for the quarter. Midstates Petroleum had a net margin of 14.67% and a return on equity of 9.99%.

Large investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC bought a new stake in Midstates Petroleum during the 1st quarter valued at about $31,000. BNP Paribas Arbitrage SA grew its stake in shares of Midstates Petroleum by 317.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,135 shares of the energy producer’s stock worth $31,000 after acquiring an additional 2,384 shares during the period. Stone Ridge Asset Management LLC bought a new stake in shares of Midstates Petroleum in the second quarter worth approximately $73,000. WINTON GROUP Ltd bought a new stake in shares of Midstates Petroleum in the second quarter worth approximately $80,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Midstates Petroleum in the first quarter worth approximately $91,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Midstates Petroleum Company Profile (NYSE:MPO)

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. As of December 31, 2018, its assets consisted of approximately 102,198 net acres in the Mississippian Lime trend in Woods and Alfalfa counties of Oklahoma.

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