FY2018 EPS Estimates for Laredo Petroleum Inc Boosted by Capital One Financial (NYSE:LPI)

Laredo Petroleum Inc (NYSE:LPI) – Analysts at Capital One Financial raised their FY2018 earnings per share estimates for Laredo Petroleum in a report released on Tuesday, according to Zacks Investment Research. Capital One Financial analyst R. Tullis now expects that the oil and gas producer will post earnings per share of $1.13 for the year, up from their previous estimate of $1.11.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Laredo Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Credit Suisse Group initiated coverage on Laredo Petroleum in a research report on Monday, December 11th. They issued a “neutral” rating and a $12.00 target price on the stock. Williams Capital raised their target price on Laredo Petroleum from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, October 18th. BMO Capital Markets decreased their target price on Laredo Petroleum from $14.00 to $11.00 and set a “market perform” rating on the stock in a research report on Thursday, November 2nd. Finally, Scotiabank set a $14.00 target price on Laredo Petroleum and gave the company a “hold” rating in a research report on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.44.

Shares of Laredo Petroleum (NYSE:LPI) traded up $0.07 during mid-day trading on Wednesday, reaching $7.64. The company’s stock had a trading volume of 916,356 shares, compared to its average volume of 3,404,509. The stock has a market capitalization of $1,940.10, a P/E ratio of 15.14, a P/E/G ratio of 1.56 and a beta of 1.21. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 4.16. Laredo Petroleum has a 52 week low of $7.41 and a 52 week high of $15.15.

Several large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its holdings in shares of Laredo Petroleum by 3.9% in the second quarter. Public Employees Retirement System of Ohio now owns 72,037 shares of the oil and gas producer’s stock valued at $758,000 after purchasing an additional 2,699 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Laredo Petroleum by 0.7% in the second quarter. TIAA CREF Investment Management LLC now owns 447,135 shares of the oil and gas producer’s stock valued at $4,704,000 after purchasing an additional 2,945 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Laredo Petroleum by 3.4% in the second quarter. Teachers Advisors LLC now owns 172,159 shares of the oil and gas producer’s stock valued at $1,811,000 after purchasing an additional 5,701 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Laredo Petroleum by 1.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 417,249 shares of the oil and gas producer’s stock valued at $5,396,000 after purchasing an additional 5,946 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Laredo Petroleum by 28.2% in the second quarter. Principal Financial Group Inc. now owns 31,619 shares of the oil and gas producer’s stock valued at $333,000 after purchasing an additional 6,946 shares during 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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Earnings History and Estimates for Laredo Petroleum (NYSE:LPI)

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