Capital One Financial Analysts Raise Earnings Estimates for Laredo Petroleum Inc (LPI)

Laredo Petroleum Inc (NYSE:LPI) – Equities researchers at Capital One Financial increased their FY2018 EPS estimates for shares of Laredo Petroleum in a research report issued on Tuesday. Capital One Financial analyst R. Tullis now expects that the oil and gas producer will post earnings of $1.13 per share for the year, up from their previous forecast of $1.11.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Laredo Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Credit Suisse Group started coverage on shares of Laredo Petroleum in a research report on Monday, December 11th. They set a “neutral” rating and a $12.00 price objective for the company. Williams Capital increased their price objective on shares of Laredo Petroleum from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Wednesday, October 18th. BMO Capital Markets decreased their price objective on shares of Laredo Petroleum from $14.00 to $11.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. Finally, Scotiabank set a $14.00 price objective on shares of Laredo Petroleum and gave the stock a “hold” rating in a research report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. Laredo Petroleum currently has a consensus rating of “Hold” and an average target price of $13.44.

Laredo Petroleum (NYSE:LPI) traded down $0.49 on Wednesday, hitting $8.18. 1,965,706 shares of the stock traded hands, compared to its average volume of 3,182,822. Laredo Petroleum has a 52 week low of $8.11 and a 52 week 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. The firm has a market capitalization of $2,168.06, a PE ratio of 16.78, a PEG ratio of 1.75 and a beta of 1.21.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Laredo Petroleum by 7.9% during the second quarter. Vanguard Group Inc. now owns 16,083,332 shares of the oil and gas producer’s stock valued at $169,197,000 after buying an additional 1,176,608 shares during the last quarter. WS Management Lllp grew its holdings in shares of Laredo Petroleum by 50.8% during 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 during the last quarter. State Street Corp grew its holdings in shares of Laredo Petroleum by 15.9% during the second quarter. State Street Corp now owns 5,810,244 shares of the oil and gas producer’s stock valued at $61,121,000 after buying an additional 799,073 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Laredo Petroleum by 7.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 4,182,575 shares of the oil and gas producer’s stock valued at $44,377,000 after buying an additional 296,475 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Laredo Petroleum by 1.8% during the third quarter. Van ECK Associates Corp now owns 4,045,680 shares of the oil and gas producer’s stock valued at $52,311,000 after buying an additional 71,104 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: “Capital One Financial Analysts Raise Earnings Estimates for Laredo Petroleum Inc (LPI)” was originally reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.com-unik.info/2018/02/08/capital-one-financial-analysts-raise-earnings-estimates-for-laredo-petroleum-inc-lpi.html.

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.

Earnings History and Estimates for Laredo Petroleum (NYSE:LPI)

Receive News & Ratings for Laredo Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laredo Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit