Midstates Petroleum (MPO) Posts Earnings Results, Beats Expectations By $0.77 EPS

Midstates Petroleum (NYSE:MPO) posted its quarterly earnings data on Wednesday. The energy producer reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.77, Fidelity Earnings reports. Midstates Petroleum had a negative net margin of 55.81% and a positive return on equity of 4.89%. The company had revenue of $69.64 million for the quarter.

Shares of MPO opened at $8.64 on Friday. The firm has a market cap of $205.44 million, a P/E ratio of 8.42 and a beta of 1.58. Midstates Petroleum has a 1-year low of $6.22 and a 1-year 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 upgraded shares of Midstates Petroleum from a “sell” rating to a “hold” rating in a report on Friday.

In related news, major shareholder Fir Tree Capital Management Lp sold 1,706,949 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $10.00, for a total transaction of $17,069,490.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of MPO. Northern Trust Corp increased its holdings in Midstates Petroleum by 4.8% during the second quarter. Northern Trust Corp now owns 648,323 shares of the energy producer’s stock worth $8,823,000 after buying an additional 29,705 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Midstates Petroleum by 8.3% during the third quarter. JPMorgan Chase & Co. now owns 124,147 shares of the energy producer’s stock worth $1,107,000 after buying an additional 9,563 shares during the last quarter. Quantum Capital Management increased its holdings in Midstates Petroleum by 112.4% during the third quarter. Quantum Capital Management now owns 361,848 shares of the energy producer’s stock worth $3,224,000 after buying an additional 191,469 shares during the last quarter. Akanthos Capital Management LLC increased its holdings in shares of Midstates Petroleum by 6.5% in the third quarter. Akanthos Capital Management LLC now owns 256,916 shares of the energy producer’s stock valued at $2,289,000 after purchasing an additional 15,663 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Midstates Petroleum by 31.8% in the third quarter. Dimensional Fund Advisors LP now owns 472,982 shares of the energy producer’s stock valued at $4,214,000 after purchasing an additional 114,167 shares during the last quarter. Institutional investors and hedge funds own 94.34% of the company’s stock.

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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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Earnings History for Midstates Petroleum (NYSE:MPO)

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