Midstates Petroleum Company Inc. (MPO) Hit All-Time Low

June 15, 2017 - By Michael Collier

The stock of Midstates Petroleum Company Inc. (NYSE:MPO) reached all time low today, Jun, 15 and still has $13.78 target or 5.00 % below today’s $14.50 share price. This indicates more downside for the $371.96 million company. This technical setup was reported by Barchart.com. If the $13.78 PT is reached, the company will be worth $18.60M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 2.29% or $0.34 on June 15, reaching $14.5. About 526,282 shares traded or 518.60% up from the average. Midstates Petroleum Company Inc. (NYSE:MPO) has 0.00% since June 15, 2016 and is . It has underperformed by 16.70% the S&P500.

Midstates Petroleum Company Inc. (NYSE:MPO) Ratings Coverage

Among 2 analysts covering Midstates Petroleum (NYSE:MPO), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Midstates Petroleum had 3 analyst reports since August 6, 2015 according to SRatingsIntel. On Thursday, August 6 the stock rating was downgraded by Northland Capital to “Market Perform”.

More notable recent Midstates Petroleum Company Inc. (NYSE:MPO) news were published by: Marketwatch.com which released: “14.78” on August 28, 2011, also Reuters.com with their article: “BRIEF-Midstates Petroleum emerges from bankruptcy” published on October 21, 2016, Law360.com published: “Midstates Petroleum Gets Nod On Ch. 11 Plan” on September 29, 2016. More interesting news about Midstates Petroleum Company Inc. (NYSE:MPO) were released by: Globenewswire.com and their article: “Midstates Petroleum Names Mark Eck Executive Vice President and Chief …” published on December 24, 2014 as well as Bizjournals.com‘s news article titled: “Energy company files for bankruptcy protection after previously restructuring debt” with publication date: May 02, 2016.

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