Analysts See $0.18 EPS for Laredo Petroleum, Inc. (LPI)

January 18, 2018 - By Adrian Mccoy

 Analysts See $0.18 EPS for Laredo Petroleum, Inc. (LPI)
Investors sentiment increased to 1.2 in 2017 Q3. Its up 0.26, from 0.94 in 2017Q2. It increased, as 23 investors sold Laredo Petroleum, Inc. shares while 41 reduced holdings. 20 funds opened positions while 57 raised stakes. 254.15 million shares or 0.31% more from 253.36 million shares in 2017Q2 were reported.
Capital Research Glob Investors stated it has 0% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). Caxton Assoc L P, New Jersey-based fund reported 531,785 shares. Van Eck Assocs holds 0.27% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI) for 4.05 million shares. Moreover, Parametric Portfolio Limited Liability Com has 0% invested in Laredo Petroleum, Inc. (NYSE:LPI) for 196,295 shares. Manufacturers Life Insur Com The stated it has 0% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). Hbk Investments Lp, a Texas-based fund reported 62,912 shares. Bokf Na invested in 0.19% or 497,936 shares. Wellington Limited Liability Partnership has invested 0.03% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). Raymond James Fincl Svcs Advsr reported 33,513 shares. Advisory Svcs Network Limited Liability Corporation, Georgia-based fund reported 300 shares. 77,640 are owned by Alliancebernstein Lp. Point72 Asset Limited Partnership holds 4.04 million shares. Commonwealth Equity Serv Incorporated owns 89,724 shares. Comml Bank Of Ny Mellon accumulated 1.38 million shares. Corecommodity Mgmt Ltd Liability holds 0.3% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI) for 24,777 shares.

Analysts expect Laredo Petroleum, Inc. (NYSE:LPI) to report $0.18 EPS on February, 21.They anticipate $0.02 EPS change or 12.50 % from last quarter’s $0.16 EPS. LPI’s profit would be $43.07 million giving it 15.35 P/E if the $0.18 EPS is correct. After having $0.13 EPS previously, Laredo Petroleum, Inc.’s analysts see 38.46 % EPS growth. The stock increased 1.19% or $0.13 during the last trading session, reaching $11.05. About 1.88 million shares traded. Laredo Petroleum, Inc. (NYSE:LPI) has risen 17.65% since January 18, 2017 and is uptrending. It has outperformed by 0.95% the S&P500.

Laredo Petroleum, Inc. (NYSE:LPI) Ratings Coverage

Among 33 analysts covering Laredo Petroleum Holdings Inc (NYSE:LPI), 14 have Buy rating, 3 Sell and 16 Hold. Therefore 42% are positive. Laredo Petroleum Holdings Inc had 93 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Friday, November 6 by Tudor Pickering. The rating was maintained by FBR Capital with “Outperform” on Wednesday, February 15. The stock of Laredo Petroleum, Inc. (NYSE:LPI) has “Sector Perform” rating given on Tuesday, October 13 by IBERIA. The rating was maintained by BMO Capital Markets on Thursday, January 11 with “Hold”. Cowen & Co initiated it with “Market Perform” rating and $11 target in Wednesday, December 9 report. The firm earned “Buy” rating on Wednesday, August 12 by Zacks. The firm has “Outperform” rating given on Tuesday, June 14 by Iberia Capital Partners. The stock has “Hold” rating by BMO Capital Markets on Tuesday, October 10. The rating was maintained by Bank of America on Wednesday, July 19 with “Underperform”. Credit Suisse maintained it with “Sell” rating and $13 target in Monday, April 3 report.

Laredo Petroleum, Inc. operates as an independent energy firm in the United States. The company has market cap of $2.64 billion. It operates through two divisions, Exploration and Production of Oil and Natural Gas Properties; and Midstream and Marketing. It has a 22.55 P/E ratio. It focuses on the acquisition, exploration, and development of oil and natural gas properties; and the transportation of oil and natural gas primarily in the Permian Basin in West Texas, as well as rig fuel, natural gas lift, and water delivery and takeaway services.

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