Midstates Petroleum (MPO) Releases Earnings Results

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Midstates Petroleum (NYSE:MPO) issued its earnings results on Wednesday. The energy producer reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.77, Fidelity Earnings reports. Midstates Petroleum had a positive return on equity of 4.89% and a negative net margin of 55.81%.

Shares of MPO stock opened at $8.12 on Thursday. The firm has a market capitalization of $205.44 million, a price-to-earnings ratio of 8.42 and a beta of 1.58. Midstates Petroleum has a fifty-two week low of $6.22 and a fifty-two week high of $15.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64.

Separately, ValuEngine downgraded Midstates Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th.

In other Midstates Petroleum news, major shareholder Fir Tree Capital Management Lp sold 1,706,949 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $10.00, for a total value of $17,069,490.00. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.80% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Northern Trust Corp lifted its stake in shares of Midstates Petroleum by 4.8% in the 2nd quarter. Northern Trust Corp now owns 648,323 shares of the energy producer’s stock valued at $8,823,000 after acquiring an additional 29,705 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Midstates Petroleum by 31.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 621,207 shares of the energy producer’s stock valued at $4,665,000 after acquiring an additional 148,225 shares during the last quarter. Ancora Advisors LLC lifted its stake in shares of Midstates Petroleum by 20.4% in the 4th quarter. Ancora Advisors LLC now owns 619,250 shares of the energy producer’s stock valued at $4,650,000 after acquiring an additional 104,712 shares during the last quarter. Quantum Capital Management lifted its stake in shares of Midstates Petroleum by 53.2% in the 4th quarter. Quantum Capital Management now owns 554,358 shares of the energy producer’s stock valued at $4,163,000 after acquiring an additional 192,510 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Midstates Petroleum by 18.9% in the 3rd quarter. Renaissance Technologies LLC now owns 445,400 shares of the energy producer’s stock valued at $3,969,000 after acquiring an additional 70,900 shares during the last quarter. 94.34% of the stock is currently owned by hedge funds and other institutional investors.

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About Midstates Petroleum

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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Earnings History for Midstates Petroleum (NYSE:MPO)

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