Midstates Petroleum Company, Inc. (MPO) is an oil export and production company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on MPO’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Midstates Petroleum could be a solid choice for investors.
Current Quarter Estimates for MPO
In the past 30 days, 1 estimate has gone higher for Midstates Petroleum with no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 6 cents a share 30 days ago, to 7 cents a share today, a move of 16.7%.
Current Year Estimates for MPO
Meanwhile, Midstates Petroleum’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 20 cents per share 30 days ago to 34 cents per share today, an increase of 70%.
Bottom Line
The stock has also started to move higher lately, adding 18.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
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