Laredo Petroleum Inc (NYSE:LPI) – Research analysts at Capital One Financial cut their Q4 2017 EPS estimates for shares of Laredo Petroleum in a note issued to investors on Tuesday. Capital One Financial analyst R. Tullis now anticipates that the oil and gas producer will post earnings per share of $0.20 for the quarter, down from their prior forecast of $0.21.
LPI has been the subject of several other research reports. Zacks Investment Research lowered shares of Laredo Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. National Securities started coverage on shares of Laredo Petroleum in a research report on Tuesday, January 16th. They set a “buy” rating for the company. Scotiabank set a $14.00 target price on shares of Laredo Petroleum and gave the stock a “hold” rating in a research report on Wednesday, November 22nd. Barclays reiterated a “buy” rating on shares of Laredo Petroleum in a research report on Thursday, November 23rd. Finally, Williams Capital increased their target price 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. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $13.44.
Institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of Laredo Petroleum in the fourth quarter worth about $123,000. Koch Industries Inc. purchased a new stake in shares of Laredo Petroleum in the second quarter worth about $129,000. Fox Run Management L.L.C. purchased a new stake in shares of Laredo Petroleum in the third quarter worth about $167,000. Calamos Advisors LLC purchased a new stake in Laredo Petroleum in the third quarter valued at approximately $177,000. Finally, Great West Life Assurance Co. Can raised its stake in Laredo Petroleum by 49.6% in the third quarter. Great West Life Assurance Co. Can now owns 21,632 shares of the oil and gas producer’s stock valued at $280,000 after purchasing an additional 7,174 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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