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

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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 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.

Latest Ratings for MPO

DateFirmActionFromTo
Aug 2015Northland SecuritiesDowngradesOutperformMarket Perform
Dec 2014Societe GeneraleDowngradesBuyHold
Nov 2014Northland SecuritiesUpgradesMarket PerformOutperform

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Posted-In: Drew Venker Morgan StanleyAnalyst Color Reiteration Analyst Ratings

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