The stock of Laredo Petroleum Inc (NYSE:LPI) is a huge mover today! About 875,228 shares traded hands. Laredo Petroleum Inc (NYSE:LPI) has risen 70.61% since March 16, 2016 and is uptrending. It has outperformed by 65.07% the S&P500.
The move comes after 8 months positive chart setup for the $3.24B company. It was reported on Oct, 19 by Barchart.com. We have $22.18 PT which if reached, will make NYSE:LPI worth $2.01 billion more.
Analysts await Laredo Petroleum Inc (NYSE:LPI) to report earnings on November, 3. They expect $0.13 EPS, up 85.71% or $0.06 from last year’s $0.07 per share. LPI’s profit will be $30.77 million for 26.33 P/E if the $0.13 EPS becomes a reality. After $0.13 actual EPS reported by Laredo Petroleum Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Laredo Petroleum Inc (NYSE:LPI) Ratings Coverage
Out of 20 analysts covering Laredo Petroleum Holdings Inc (NYSE:LPI), 5 rate it a “Buy”, 1 “Sell”, while 14 “Hold”. This means 25% are positive. Laredo Petroleum Holdings Inc has been the topic of 51 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Underweight” rating given by JP Morgan on Wednesday, December 9. The stock has “Sector Perform” rating given by Howard Weil on Friday, August 14. The stock has “Buy” rating given by Zacks on Wednesday, August 12. The firm earned “Buy” rating on Thursday, August 6 by Topeka Capital Markets. The stock of Laredo Petroleum Inc (NYSE:LPI) has “Buy” rating given on Tuesday, January 26 by Topeka Capital Markets. On Monday, August 10 the stock rating was upgraded by Zacks to “Hold”. As per Wednesday, December 2, the company rating was initiated by Deutsche Bank. The firm has “Sell” rating by Seaport Global given on Wednesday, March 30. The firm earned “Hold” rating on Monday, December 7 by KLR. KeyBanc Capital Markets initiated Laredo Petroleum Inc (NYSE:LPI) on Friday, August 14 with “Sector Weight” rating.
According to Zacks Investment Research, “Laredo Petroleum Holdings, Inc. is engaged in the exploration, development and acquisition of oil and natural gas properties in the Permian and Mid-Continent regions of the United States. Laredo Petroleum Holdings, Inc. is headquartered in Tulsa, Oklahoma.”
Insitutional Activity: The institutional sentiment increased to 1.77 in Q2 2016. Its up 1.06, from 0.71 in 2016Q1. The ratio improved, as 20 funds sold all Laredo Petroleum Inc shares owned while 32 reduced positions. 33 funds bought stakes while 59 increased positions. They now own 236.22 million shares or 5.15% more from 224.65 million shares in 2016Q1.
Pnc Services Grp Inc Inc owns 17,736 shares or 0% of their US portfolio. Uss Mgmt has 73,500 shares for 0.01% of their US portfolio. Goldman Sachs Gp owns 745,344 shares or 0% of their US portfolio. Bancorp Of America De has 0% invested in the company for 175,773 shares. Tortoise Capital Advisors Limited Company last reported 0% of its portfolio in the stock. Utah Retirement Systems holds 0.01% of its portfolio in Laredo Petroleum Inc (NYSE:LPI) for 24,366 shares. Creative Planning has 200 shares for 0% of their US portfolio. Pinebridge Invests Lp reported 102,747 shares or 0.06% of all its holdings. Dimensional Fund Advsr L P has 730,807 shares for 0% of their US portfolio. Oxford Asset holds 346,853 shares or 0.15% of its portfolio. Checchi Capital Advisers Limited Com, a California-based fund reported 293 shares. Texan Capital Management has 12,200 shares for 0.06% of their US portfolio. Engineers Gate Manager Limited Partnership accumulated 98,916 shares or 0.07% of the stock. Guggenheim Capital Llc owns 701,166 shares or 0.02% of their US portfolio. Blackrock Fund Advisors has 0% invested in the company for 1.54M shares.
LPI Company Profile
Laredo Petroleum, Inc. (Laredo), incorporated in August 12, 2011, is an independent energy company. The Firm 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. The Company’s divisions include Exploration and production, and Midstream and marketing. The exploration and production of oil and natural gas properties are conducted principally by the Company through the exploration and development of its acreage in the Permian Basin. The Firm has assembled approximately 135,410 net acres in the Permian Basin and has total proved reserves presented on a three-stream basis of over 125,700 thousand barrel of oil equivalent (MBOE). The Midstream and marketing segment’s activities are conducted principally by its subsidiary, Laredo Midstream Services, LLC (LMS), which buys, sells, gathers and transports oil, natural gas and water primarily for the account of Laredo. This system gathers, transports and delivers over 69,000 barrels per day. It is conducting hydraulic fracturing activity in the completion of both its vertical and horizontal wells in the Permian Basin.
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