Published: Mon, June 26, 2017
Markets | By Noel Gibbs

Laredo Petroleum, Inc. (LPI) closed at $9.77 in the last trading session


24 analysts on average projected earnings of $0.12 per share for the current quarter. The share price is now down -24.83% for the past three months.

Looking forward, the company is expected to report earnings of $0.12 per share for the current quarter. Topeka Capital Markets maintained Laredo Petroleum Inc (NYSE:LPI) rating on Wednesday, May 11. The firm had revenue of $189 million for the quarter, compared to the consensus estimate of $164.39 million. Net profit margin of the company was recorded at -1.8 percent, operating profit margin was 20.5 percent, whereas gross profit margin stands at 56.4 percent. The business's revenue for the quarter was up 77.3% on a year-over-year basis. The company's 5 year Earnings per share growth and Capital Spending growth remains at 0 and -6.76.

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Laredo Petroleum, Inc. (NYSE:LPI) has a current MF Rank of 10504. Williams Capital set a $16.00 price target on Laredo Petroleum and gave the company a "hold" rating in a research report on Thursday, May 4th. Credit Suisse Group reissued a "sell" rating and set a $13.00 price objective on shares of Laredo Petroleum in a research report on Wednesday, March 1st. Finally, Stephens raised shares of Laredo Petroleum from an "underweight" rating to a "hold" rating in a research report on Monday, May 15th.

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Presently Laredo Petroleum, Inc. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company.

Laredo Petroleum, Inc. (LPI) has been given an average price target of $16.32 from analysts, according to data collected by Finviz. The analysts estimated sales for the higher end at 201.59 million and lower end at 139.7 million while the year ago reported sale was 144.93 million. The company's 50 day moving average price is $12.00 and its 200-day moving average price is $13.44. Laredo Petroleum Inc now has $2.28 billion valuation.

Several hedge funds have recently added to or reduced their stakes in LPI. Vanguard Group Inc. boosted its stake in shares of Laredo Petroleum by 20.9% in the first quarter.

In recent action, Laredo Petroleum, Inc. Tightening the gaze, stock performance for the last 5 trading days is 6.26%. The Deprince Race & Zollo Inc holds 948,034 shares with $27.81 million value, down from 1.03 million last quarter.

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Covering sell-side analysts have recently weighed in on shares of Micron Technology, Inc. Finally, Tiedemann Wealth Management LLC bought a new stake in Laredo Petroleum during the first quarter valued at about $150,000. The stock was sold at an average price of $14.34, for a total transaction of $2,340,388.38. After this sale, 172,926 common shares of LPI are directly owned by the insider, with total stake valued at $1,675,653. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

The company surged 0.83% and closed its last trading session at $9.69.

The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -26.51% and has no so good Year to Date (YTD) Performance of -30.91% which means the stock is constantly adding to its value from previous fiscal year end price. Jennison Associates LLC now owns 3,023,757 shares of the oil and gas producer's stock valued at $44,147,000 after buying an additional 1,217,421 shares during the last quarter. The disclosure for this sale can be found here. Principal Finance Group Inc reported 0% of its portfolio in Laredo Petroleum Inc (NYSE:LPI). 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.

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