Insider Selling: Midstates Petroleum Co. (MPO) Major Shareholder Sells $2,050,569.00 in Stock

Midstates Petroleum Co. (NYSE:MPO) major shareholder Centerbridge Credit Partners, sold 131,700 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $15.57, for a total value of $2,050,569.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Centerbridge Credit Partners, also recently made the following trade(s):

  • On Tuesday, September 26th, Centerbridge Credit Partners, sold 150,000 shares of Midstates Petroleum stock. The shares were sold at an average price of $16.00, for a total value of $2,400,000.00.
  • On Monday, September 25th, Centerbridge Credit Partners, sold 230,000 shares of Midstates Petroleum stock. The shares were sold at an average price of $16.00, for a total value of $3,680,000.00.
  • On Thursday, September 14th, Centerbridge Credit Partners, sold 300,000 shares of Midstates Petroleum stock. The shares were sold at an average price of $16.31, for a total value of $4,893,000.00.

Shares of Midstates Petroleum Co. (NYSE:MPO) opened at 14.86 on Friday. Midstates Petroleum Co. has a 12 month low of $0.05 and a 12 month high of $25.00. The stock has a 50 day moving average price of $15.30 and a 200 day moving average price of $15.77.

Midstates Petroleum (NYSE:MPO) last issued its earnings results on Tuesday, August 8th. The energy producer reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). The company had revenue of $60.68 million during the quarter. Midstates Petroleum had a return on equity of 2,904.50% and a net margin of 607.09%. On average, equities analysts forecast that Midstates Petroleum Co. will post $2.37 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. BlueCrest Capital Management Ltd acquired a new position in shares of Midstates Petroleum in the 1st quarter worth $216,000. New York State Common Retirement Fund acquired a new position in shares of Midstates Petroleum in the 2nd quarter worth $151,000. Rhumbline Advisers acquired a new position in shares of Midstates Petroleum in the 2nd quarter worth $155,000. Ameriprise Financial Inc. acquired a new position in shares of Midstates Petroleum in the 2nd quarter worth $216,000. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of Midstates Petroleum in the 2nd quarter worth $198,000. Institutional investors and hedge funds own 94.78% of the company’s stock.

About Midstates Petroleum

Midstates Petroleum Company, Inc is an independent exploration and production company. The Company operates oil and natural gas properties, and is engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. It is focused on the application of drilling and completion techniques in oil and basins in the onshore United States.

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