Midstates Petroleum Company (MPO) Announces Quarterly Results
Midstates Petroleum Company (NYSE: MPO) announced its earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.03. The company had revenue of $88.90 million for the quarter, compared to the consensus estimate of $92.10 million.
On the ratings front, analysts at UBS AG initiated coverage on shares of Midstates Petroleum Company in a research note to investors on Wednesday, December 5th. They set a “neutral” rating and a $7.00 price target on the stock.
Shares of Midstates Petroleum Company (MPO) traded up 3.54% during mid-day trading on Tuesday, hitting $7.31. Midstates Petroleum Company (MPO) has a one year low of $4.71 and a one year high of $16.95. The stock’s 50-day moving average is currently $7.43. The company’s market cap is $479.8 million.
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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