Laredo Petroleum Inc (NYSE:LPI) – Analysts at Capital One Financial raised their FY2017 earnings per share (EPS) estimates for shares of Laredo Petroleum in a research report issued on Thursday, according to Zacks Investment Research. Capital One Financial analyst R. Tullis now forecasts that the oil and gas producer will earn $0.54 per share for the year, up from their prior estimate of $0.48. Capital One Financial also issued estimates for Laredo Petroleum’s FY2018 earnings at $1.11 EPS.
LPI has been the topic of several other reports. Zacks Investment Research downgraded shares of Laredo Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. BMO Capital Markets decreased their price target on shares of Laredo Petroleum from $14.00 to $11.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd. Williams Capital lifted their price target on shares of Laredo Petroleum from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, October 18th. National Securities started coverage on shares of Laredo Petroleum in a research note on Tuesday, January 16th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. downgraded shares of Laredo Petroleum from a “neutral” rating to an “underweight” rating and set a $13.00 price target on the stock. in a research note on Friday, December 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $13.44.
Laredo Petroleum (NYSE LPI) opened at $8.00 on Monday. The company has a market cap of $1,940.00, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 1.51 and a beta of 1.21. Laredo Petroleum has a one year low of $7.49 and a one year high of $15.15. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.64 and a current ratio of 0.64.
Hedge funds and other institutional investors have recently modified their holdings of the stock. HRT Financial LLC purchased a new position in shares of Laredo Petroleum in the fourth quarter worth $117,000. State of Alaska Department of Revenue purchased a new position in shares of Laredo Petroleum in the fourth quarter worth $123,000. Koch Industries Inc. purchased a new position in shares of Laredo Petroleum in the second quarter worth $129,000. QCM Cayman Ltd. purchased a new position in shares of Laredo Petroleum in the second quarter worth $133,000. Finally, Virtu Financial LLC purchased a new position in Laredo Petroleum during the 4th quarter valued at $154,000.
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Laredo Petroleum Company Profile
Laredo Petroleum, Inc (Laredo) is an independent energy company. The Company is focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties primarily in the Permian Basin in West Texas. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing.
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