Midstates Petroleum (NYSE:MPO) released its earnings results on Friday. The energy producer reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.25), Fidelity Earnings reports. Midstates Petroleum had a negative net margin of 59.15% and a positive return on equity of 2.00%. The firm had revenue of $47.77 million during the quarter.
NYSE:MPO opened at $8.80 on Friday. Midstates Petroleum has a 1-year low of $6.77 and a 1-year high of $19.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $206.60 million, a P/E ratio of 12.59 and a beta of 1.34.
Separately, ValuEngine raised shares of Midstates Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th.
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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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