MLV Reaffirms Hold On Shares Of Midstates Petroleum Following 3Q:14 Results

MLV analyst Chad Mabry reaffirmed a Hold rating on Midstates Petroleum (NYSE:MPO). No price target was provided.

Mabry said, “The company’s Q3’14 results further demonstrate its commitment to capital discipline and focus on enhanced margins. We’re maintaining our Hold rating at this time on a combination of above-average debt levels (net-debt-to-EBITDA ratio of ~3.5x) and below-average returns for its core plays, but we plan to reassess our NAV and rating following the company’s analyst day next week. We expect the focus of MPO’s analyst day to be how its operational enhancements are improving repeatability and overall returns within its core development asset, the Mississippi Lime.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Chad Mabry has a total average return of -32.3% and a 8.3% success rate. Mabry is ranked #3356 out of 3364 analysts.

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