Laredo Petroleum Inc (NYSE:LPI) – Analysts at KeyCorp dropped their Q1 2018 earnings per share estimates for Laredo Petroleum in a research note issued to investors on Wednesday, according to Zacks Investment Research. KeyCorp analyst C. Stevens now anticipates that the oil and gas producer will post earnings of $0.26 per share for the quarter, down from their previous estimate of $0.28. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Laredo Petroleum’s Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $1.01 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.31 EPS and FY2019 earnings at $1.16 EPS.
Other equities research analysts have also recently issued research reports about the company. Piper Jaffray Companies reissued a “buy” rating and set a $16.00 target price on shares of Laredo Petroleum in a research note on Tuesday, January 9th. Zacks Investment Research raised Laredo Petroleum from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, October 17th. Barclays reissued a “buy” rating on shares of Laredo Petroleum in a research note on Thursday, November 23rd. National Securities initiated coverage on Laredo Petroleum in a research note on Tuesday, January 16th. They set a “buy” rating for the company. Finally, Stifel Nicolaus set a $15.00 target price on Laredo Petroleum and gave the stock a “buy” rating in a research note on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.44.
Laredo Petroleum (NYSE LPI) opened at $8.00 on Monday. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $1,940.00, a P/E ratio of 16.00, a P/E/G ratio of 1.51 and a beta of 1.21. Laredo Petroleum has a 1 year low of $7.49 and a 1 year high of $15.15.
Several hedge funds and other institutional investors have recently modified their holdings of LPI. WS Management Lllp grew its stake in shares of Laredo Petroleum by 50.8% in the third quarter. WS Management Lllp now owns 5,934,700 shares of the oil and gas producer’s stock valued at $76,736,000 after buying an additional 2,000,000 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Laredo Petroleum by 69.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,082,481 shares of the oil and gas producer’s stock worth $32,428,000 after purchasing an additional 1,263,202 shares in the last quarter. Vanguard Group Inc. grew its stake in Laredo Petroleum by 7.9% during the 2nd quarter. Vanguard Group Inc. now owns 16,083,332 shares of the oil and gas producer’s stock worth $169,197,000 after purchasing an additional 1,176,608 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Laredo Petroleum by 36.8% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 3,886,100 shares of the oil and gas producer’s stock worth $50,247,000 after purchasing an additional 1,044,525 shares in the last quarter. Finally, State Street Corp grew its stake in Laredo Petroleum by 15.9% during the 2nd quarter. State Street Corp now owns 5,810,244 shares of the oil and gas producer’s stock worth $61,121,000 after purchasing an additional 799,073 shares in the last quarter.
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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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