Friday, November 03, 2017 10:15 PM ET
Insiders Make Significant Stock Sales in Midstates Petroleum Co (MPO) Shares Extending the Trend of Last Quarter
Midstates Petroleum Co, today, saw two insiders — Centerbridge Credit Partners Lp, 10% Owner, and Cscp II Cayman Gp Ltd, 10% Owner — sell 614,000 shares having a market value of approximately $9,855,645, as disclosed in form 4 documents filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 1,623,400 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,237,400 shares and have averaged 559,350 shares per transaction over this time period.
Insiders at Midstates Petroleum Co have a higher number of buy/sell transactions than the 187-peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 121 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Midstates Petroleum Co insiders was also higher. Within the peer group there were 8,406,236 shares purchased and 3,899,439 shares sold with company insiders purchasing 70,419 shares on average.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.
Today’s Insider Activity
* Centerbridge Credit Partners Lp, 10% Owner, sold 307,000 shares
* Cscp II Cayman Gp Ltd, 10% Owner, sold 307,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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