As volatility creeps into Midstates Petroleum Company, Inc. (NYSE:MPO), investors need to pay close attention to to the factors affecting stock today as its shares are trading 4.73% or 0.28 points down from last closing price of $5.92, reaching $5.64 at last check. The MPO share price has dropped in 4 of the last 5 days and is down -31.48% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -6,743 shares, and in total 206057 shares valued at $1.162 million were seen changing hands compared with 212800 shares valued at $1.26 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the MPO stock is near its bottom.
Midstates Petroleum Company, Inc. (MPO) shares have notched a 3-month decline of about -31.48%, but has still tumbled -21.17% year to date. By comparison, the stock sank -53.64% over the past 12 months, while it slipped -33.03% over the 1 month. The company’s market cap is around $118.7M, with its short interest ratio standing at 4.92%.
In the current trading session for MPO, the stock witnessed two major price actions, it rose to a high of $6.08 and was down as much as $5.58 at one point. The high recorded is very low when compared to their 52-week high which is $5.53. The 52-week high is now at -61.86 distance from current price. Their recent low of $14.84 represents a 2.35% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for MPO is $13, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Midstates Petroleum Company, Inc. earned $0.97 per share in the trailing 12 months and has a P/E ratio of 5.81. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 4.06 and lower compared to the sector’s average of 10.18. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. MPO also has P/S multiple of 0.62. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 91.52x.
The company recorded an interesting insider sale transaction by the Major Shareholder on Feb 12, 2019. A Securities and Exchanges Commission filings show that Fir Tree Capital Management Lp sold a total of 1,706,949 MPO shares that day for a sum of around $17,069,490. Midstates Petroleum Company, Inc. (MPO) insiders have acquired no shares in the stock within the past three months. In total, individual insiders traded no shares in the business, which makes up 0% of 2,760,656 shares that were traded over a year. In the past 12 months, insiders have purchased 70,671 shares while the seller parted with 2,689,985 shares.
MPO‘s last price was down -37.19% as compared to the average trading price of 50 days recorded at $8.98 while enlarging the period to 200 trading days, the average closing price was $9.44. At present, there are 20.05 million in the total number of common shares owned by the public and among those 12.15 million shares have been available to trade. The percentage of shares being held by the company management was 0.4% while institutions stake was 97.1%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 73.4% over the past 12 months.
When assessing the full upside of the MPO stock, there is another set of technicals that should be looked into and considered. Its -20.29% decline from moving average of $7.08 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly 15.3%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 15%. The revenue of the company has retreated at an average annualized rate of about -15 over the last five years. The company recently recorded a drop of -54.8%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards MPO stock. Marshall Wace LLP trimmed position in the company after it dumped -26.5% or 331,763 shares of its common stock. The hedge fund now owns 243,846 shares worth $1,375,291, SEC documents show. FMR LLC shored up assets in the stock as 50080.11 shares have been purchased, increasing its stake by 117.2% to 108,774 shares which are currently valued at $613,485. In addition, HighTower Advisors LLC recently reported that it now owns 92,556 shares making a total of $522,016 based on the recent price. This refelects a change of 50% in their ownership.