Morgan Stanley Speculates on Recent "Positive Developments" at Midstates Petroleum Company

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In a report published Wednesday, Morgan Stanley analyst Drew Venker reiterated an Equal-Weight rating and $7.00 price target on

27% profit every 20 days?

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Midstates Petroleum Company

(NYSE: MPO).In the report, Morgan Stanley noted, “MPO delayed reporting 4Q13 results due to ‘positive developments' related to its liquidity situation. Asset sales normally reduce commitments on credit lines; MPO may be in negotiations with its bank group to secure a larger revolver before proceeding with a divestiture.”Midstates Petroleum Company closed on Tuesday at $4.55.