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

In a report published Wednesday, Morgan Stanley analyst Drew Venker reiterated an Equal-Weight rating and $7.00 price target on Midstates Petroleum (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 closed on Tuesday at $4.55.