Midstates Petroleum Co. (MPO) Scheduled to Post Quarterly Earnings on Monday
Midstates Petroleum Co. (NYSE:MPO) is set to announce its earnings results after the market closes on Monday, November 13th.
Midstates Petroleum (NYSE:MPO) last released its quarterly earnings data on Tuesday, August 8th. The energy producer reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). Midstates Petroleum had a net margin of 607.09% and a return on equity of 2,904.50%. The business had revenue of $60.68 million during the quarter.
Midstates Petroleum Co. (NYSE MPO) traded up $0.24 on Thursday, hitting $17.24. The stock had a trading volume of 42,864 shares. Midstates Petroleum Co. has a fifty-two week low of $10.87 and a fifty-two week high of $22.54. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.21.
In related news, major shareholder Centerbridge Credit Partners, sold 230,000 shares of the company’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $16.00, for a total value of $3,680,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cayman Gp Ltd. Cscp II sold 149,531 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $16.00, for a total value of $2,392,496.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,268,231 shares of company stock worth $20,343,415. Company insiders own 1.89% of the company’s stock.
A hedge fund recently bought a new stake in Midstates Petroleum stock. California State Teachers Retirement System bought a new stake in Midstates Petroleum Co. (NYSE:MPO) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,800 shares of the energy producer’s stock, valued at approximately $251,000. Institutional investors own 93.89% of the company’s stock.
About Midstates Petroleum
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.
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