Midstates Petroleum Company Inc (NYSE:MPO) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 306,980 shares, a drop of 84.3% from the February 15th total of 1,955,991 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 221,864 shares, the days-to-cover ratio is presently 1.4 days.

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

In other news, major shareholder Fir Tree Capital Management Lp sold 1,706,949 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $10.00, for a total value of $17,069,490.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in MPO. Bridgeway Capital Management Inc. bought a new stake in Midstates Petroleum during the third quarter valued at approximately $1,909,000. Quantum Capital Management lifted its position in Midstates Petroleum by 53.2% during the fourth quarter. Quantum Capital Management now owns 554,358 shares of the energy producer’s stock valued at $4,163,000 after purchasing an additional 192,510 shares during the last quarter. Millennium Management LLC bought a new stake in Midstates Petroleum during the fourth quarter valued at approximately $1,196,000. Dimensional Fund Advisors LP lifted its position in Midstates Petroleum by 31.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 621,207 shares of the energy producer’s stock valued at $4,665,000 after purchasing an additional 148,225 shares during the last quarter. Finally, Ancora Advisors LLC lifted its position in Midstates Petroleum by 20.4% during the fourth quarter. Ancora Advisors LLC now owns 619,250 shares of the energy producer’s stock valued at $4,650,000 after purchasing an additional 104,712 shares during the last quarter. Institutional investors and hedge funds own 93.33% of the company’s stock.

Shares of Midstates Petroleum stock opened at $10.38 on Wednesday. Midstates Petroleum has a 1 year low of $6.22 and a 1 year high of $15.05. The company has a market cap of $197.40 million, a price-to-earnings ratio of 4.50 and a beta of 1.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.44 and a quick ratio of 1.44.

Midstates Petroleum (NYSE:MPO) last announced its earnings results on Wednesday, March 13th. The energy producer reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.77. Midstates Petroleum had a net margin of 23.24% and a return on equity of 10.77%. The business had revenue of $69.64 million during the quarter.

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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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