GSA Capital Partners LLP Has $494,000 Position in Laredo Petroleum Inc (LPI)

GSA Capital Partners LLP raised its stake in Laredo Petroleum Inc (NYSE:LPI) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,459 shares of the oil and gas producer’s stock after purchasing an additional 8,945 shares during the period. GSA Capital Partners LLP’s holdings in Laredo Petroleum were worth $494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LPI. Legal & General Group Plc raised its position in shares of Laredo Petroleum by 484.1% in the third quarter. Legal & General Group Plc now owns 365,054 shares of the oil and gas producer’s stock valued at $2,996,000 after purchasing an additional 302,553 shares during the period. BlackRock Inc. increased its holdings in Laredo Petroleum by 118.3% during the 3rd quarter. BlackRock Inc. now owns 22,944,636 shares of the oil and gas producer’s stock worth $187,459,000 after acquiring an additional 12,434,795 shares during the period. Marshall Wace LLP increased its holdings in Laredo Petroleum by 4,925.8% during the 3rd quarter. Marshall Wace LLP now owns 2,021,572 shares of the oil and gas producer’s stock worth $16,516,000 after acquiring an additional 1,981,348 shares during the period. Key Group Holdings Cayman LTD. increased its holdings in Laredo Petroleum by 17.4% during the 3rd quarter. Key Group Holdings Cayman LTD. now owns 1,681,867 shares of the oil and gas producer’s stock worth $13,741,000 after acquiring an additional 249,585 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Laredo Petroleum by 63.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 176,255 shares of the oil and gas producer’s stock worth $1,440,000 after buying an additional 68,307 shares in the last quarter.

LPI opened at $3.07 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $720.49 million, a P/E ratio of 3.30 and a beta of 1.49. Laredo Petroleum Inc has a 12-month low of $2.80 and a 12-month high of $11.18.

Laredo Petroleum (NYSE:LPI) last released its earnings results on Wednesday, February 13th. The oil and gas producer reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The firm had revenue of $215.28 million for the quarter, compared to the consensus estimate of $253.75 million. Laredo Petroleum had a return on equity of 21.16% and a net margin of 29.37%. Laredo Petroleum’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. On average, equities research analysts predict that Laredo Petroleum Inc will post 0.44 earnings per share for the current year.

A number of equities analysts have commented on the stock. MKM Partners started coverage on shares of Laredo Petroleum in a research note on Wednesday, December 5th. They issued a “buy” rating and a $9.00 price target for the company. Zacks Investment Research lowered shares of Laredo Petroleum from a “hold” rating to a “sell” rating in a report on Wednesday, December 12th. Williams Capital set a $6.00 price objective on shares of Laredo Petroleum and gave the stock a “hold” rating in a report on Wednesday, December 12th. Piper Jaffray Companies lowered shares of Laredo Petroleum from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 9th. Finally, Robert W. Baird decreased their price objective on shares of Laredo Petroleum from $10.00 to $3.00 and set a “neutral” rating for the company in a report on Friday, January 4th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.13.

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Laredo Petroleum Company Profile

Laredo Petroleum, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company also provides midstream and marketing services comprising transportation and marketing of oil and natural gas; and natural gas lift systems, crude oil and natural gas gathering, and water delivery and takeaway services.

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Institutional Ownership by Quarter for Laredo Petroleum (NYSE:LPI)

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