Rubric Capital Management LP raised its position in shares of Midstates Petroleum Co. (NYSE:MPO) by 31.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,090 shares of the energy producer’s stock after buying an additional 24,000 shares during the period. Rubric Capital Management LP’s holdings in Midstates Petroleum were worth $1,268,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. Schwab Charles Investment Management Inc. acquired a new position in Midstates Petroleum during the second quarter worth about $227,000. Parkwood LLC acquired a new position in Midstates Petroleum during the second quarter worth about $523,000. Russell Investments Group Ltd. boosted its position in Midstates Petroleum by 132.5% in the second quarter. Russell Investments Group Ltd. now owns 243,881 shares of the energy producer’s stock worth $3,090,000 after buying an additional 138,981 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Midstates Petroleum by 7.9% in the first quarter. Goldman Sachs Group Inc. now owns 317,550 shares of the energy producer’s stock worth $5,859,000 after buying an additional 23,249 shares during the last quarter. Finally, Q Global Advisors LLC acquired a new position in Midstates Petroleum during the first quarter worth about $5,668,000. Institutional investors own 94.49% of the company’s stock.
Midstates Petroleum Co. (NYSE MPO) opened at 13.95 on Friday. The company’s 50-day moving average price is $13.21 and its 200-day moving average price is $17.15. Midstates Petroleum Co. has a 12-month low of $0.05 and a 12-month high of $25.00.
Midstates Petroleum (NYSE:MPO) last posted its earnings results on Tuesday, August 8th. The energy producer reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.04. The business had revenue of $60.68 million for the quarter. Midstates Petroleum had a return on equity of 2,904.50% and a net margin of 607.09%. Equities analysts forecast that Midstates Petroleum Co. will post $2.79 earnings per share for the current year.
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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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