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Last $5.10 USD
Change Today +0.91 / 21.72%
Volume 2.7M
MPO On Other Exchanges
Symbol
Exchange
New York
As of 1:50 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

midstates petroleum co inc (MPO) Snapshot

Open
$4.28
Previous Close
$4.19
Day High
$5.47
Day Low
$4.00
52 Week High
09/2/14 - $70.80
52 Week Low
08/24/15 - $1.50
Market Cap
35.1M
Average Volume 10 Days
660.8K
EPS TTM
$3.17
Shares Outstanding
6.9M
EX-Date
--
P/E TM
1.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for MIDSTATES PETROLEUM CO INC (MPO)

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midstates petroleum co inc (MPO) Details

Midstates Petroleum Company, Inc. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. It primarily focuses on oilfields in the Mississippian Lime trend in northwestern Oklahoma; the Anadarko Basin in Texas and Oklahoma; and the Upper Gulf Coast Tertiary trend in central Louisiana. The company was founded in 1993 and is headquartered in Tulsa, Oklahoma.

183 Employees
Last Reported Date: 03/16/15
Founded in 1993

midstates petroleum co inc (MPO) Top Compensated Officers

Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $329.6K
Compensation as of Fiscal Year 2014.

midstates petroleum co inc (MPO) Key Developments

Midstates Petroleum Receives Continued Listing Standard Notice From NYSE

Midstates Petroleum Company, Inc. announced that it received notice from the New York Stock Exchange (NYSE) on August 13, 2015, that the Company’s market capitalization and last reported stockholders equity had fallen below the NYSE’s continued listing standards. The NYSE requires that a listed company’s total market capitalization not be less than $50 million for a period of over 30 consecutive trading days and that its last reported stockholder equity not be less than $50 million. In accordance with NYSE procedures, the Company has 45 days from its receipt of the notice to submit a business plan to the NYSE demonstrating how it intends to regain compliance with the NYSE’s continued listing standards within 18 months. The Company intends to develop and submit a business plan to bring it into compliance with the listing standards within the required timeframe. The Listings and Compliance Committee of the NYSE (Committee) will then review the business plan for final disposition. In the event the Committee accepts the plan, the Company will be subject to quarterly monitoring for compliance with the business plan and the Company’s compliance with other NYSE continued listing requirements. In the event the Committee does not accept the business plan, the Company will be subject to delisting procedures and suspension by the NYSE. The NYSE notification does not affect the Company’s business operations or its SEC reporting requirements and does not conflict with or cause an event of default under any of the Company’s material debt or other agreements.

Midstates Petroleum Company, Inc. and Midstates Petroleum Company LLC Enters into an Eighth Amendment to its Second Amended and Restated Credit Agreement

On August 5, 2015, Midstates Petroleum Company, Inc. (Midstates) and Midstates Petroleum Company LLC (Midstates Sub) entered into an eighth amendment to its second amended and restated credit agreement dated as of June 8, 2012, among Midstates, Midstates Sub, as borrower, SunTrust Bank, N.A., as administrative agent, and the lenders and other parties thereto. The Eighth Amendment increases the limitation on certain leases and lease agreements into which Midstates and Midstates Sub may enter into in any period of twelve consecutive calendar months during the life of such leases from $2,000,000 to $3,500,000.

Midstates Petroleum Company, Inc. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Revised Production Guidance for 2015; Reports Impairment Charges for Second Quarter of 2015

Midstates Petroleum Company, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues were $74.754 million compared to $147.990 million a year ago. Operating loss was $553.584 million compared to operating income of $31.665 million a year ago. Loss before taxes was $598.437 million compared to $2.139 million a year ago. Net loss attributable to common shareholders was $599.106 million or $88.44 per basic and diluted share compared to $6.904 million or $1.04 per basic and diluted share a year ago. Net cash provided by operating activities was $25.633 million compared to $68.152 million a year ago. Investment in property and equipment was $79.111 million compared to $152.767 million a year ago. Adjusted EBITDA was of $64.028 million compared to $119.627 million a year ago. Non-GAAP adjusted net loss was $3.917 million or $0.58 per share compared to income of $14.392 million a year ago. For six months, the company reported total revenues were $185.928 million compared to $292.652 million a year ago. Operating loss was $719.684 million compared to of $20.313 million a year ago. Loss before taxes was $801.030 million compared to $88.054 million a year ago. Net loss attributable to common shareholders was $792.789 million or $117.45 per basic and diluted share compared to $93.169 million or $14.07 per basic and diluted share a year ago. Net cash provided by operating activities was $138.650 million compared to $173.561 million a year ago. Investment in property and equipment was $190.278 million compared to $275.547 million a year ago. Adjusted EBITDA was of $163.602 million compared to $230.922 million a year ago. Non-GAAP adjusted net income was $1.531 million compared to $22.611 million a year ago. The company reported production results for the second quarter ended June 30, 2015. For the quarter, the company reported average daily production of 33,893 boe/day compared to 31,912 boe/day. The company increased full year 2015 production guidance to 31,500 to 33,500 Boe per day, while maintaining its capital expenditure guidance for the year. The company reported impairment for the second quarter in carrying value of oil and gas properties was $498.389 million compared to $673.056 million a year ago.

 

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Valuation MPO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
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Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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