Midstates Petroleum (NYSE:MPO) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
Separately, Noble Financial reaffirmed a “hold” rating on shares of Midstates Petroleum in a research report on Thursday, November 16th.
Midstates Petroleum (NYSE MPO) traded up $0.47 during mid-day trading on Thursday, reaching $13.97. The company’s stock had a trading volume of 143,432 shares, compared to its average volume of 163,203. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.21. Midstates Petroleum has a 52 week low of $10.87 and a 52 week high of $20.25.
A number of hedge funds have recently bought and sold shares of the business. Parkwood LLC raised its position in Midstates Petroleum by 17.0% in the 3rd quarter. Parkwood LLC now owns 48,309 shares of the energy producer’s stock valued at $751,000 after purchasing an additional 7,035 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Midstates Petroleum by 38.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 27,607 shares of the energy producer’s stock worth $429,000 after acquiring an additional 7,650 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Midstates Petroleum by 43.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 25,677 shares of the energy producer’s stock worth $426,000 after acquiring an additional 7,777 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Midstates Petroleum by 11.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 113,234 shares of the energy producer’s stock worth $1,758,000 after acquiring an additional 11,632 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in shares of Midstates Petroleum during the 2nd quarter worth about $151,000. 98.28% of the stock is currently owned by institutional investors.
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Midstates Petroleum Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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