Is Selling Midstates Petroleum Company Inc. (MPO) Here a Winning Strategy?

June 15, 2017 - By Marie Mckinney

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. As per Thursday, August 6, the company rating was downgraded by Northland Capital.

More notable recent Midstates Petroleum Company Inc. (NYSE:MPO) news were published by: Globenewswire.com which released: “Midstates Petroleum Announces Amendment to Senior Secured Credit Agreement” on May 26, 2017, also Businesswire.com with their article: “Midstates Petroleum Company Announces Change in Company Leadership” published on June 07, 2017, Marketwatch.com published: “14.78” on August 28, 2011. More interesting news about Midstates Petroleum Company Inc. (NYSE:MPO) were released by: Seekingalpha.com and their article: “Midstates Petroleum’s [MPO] CEO Jake Brace On Q4 2016 Results – Earnings Call …” published on March 08, 2017 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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