The stock of Laredo Petroleum Inc (NYSE:LPI) is a huge mover today! About 8.83 million shares traded hands or 140.60% up from the average. Laredo Petroleum Inc (NYSE:LPI) has risen 54.35% since April 1, 2016 and is uptrending. It has outperformed by 53.13% the S&P500.
The move comes after 9 months positive chart setup for the $3.13 billion company. It was reported on Nov, 3 by Barchart.com. We have $17.91 PT which if reached, will make NYSE:LPI worth $1.13 billion more.
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 firm has “Outperform” rating given on Tuesday, June 14 by iBERIA Capital Partners. The company was upgraded on Monday, August 10 by Raymond James. The stock of Laredo Petroleum Inc (NYSE:LPI) earned “Neutral” rating by JP Morgan on Friday, May 13. The stock of Laredo Petroleum Inc (NYSE:LPI) earned “Underweight” rating by JP Morgan on Wednesday, December 9. The rating was upgraded by KLR Group on Thursday, February 18 to “Accumulate”. The stock of Laredo Petroleum Inc (NYSE:LPI) has “Market Perform” rating given on Monday, April 18 by Cowen & Co. The rating was downgraded by Stephens on Thursday, February 18 to “Equal-Weight”. The stock of Laredo Petroleum Inc (NYSE:LPI) earned “In-Line” rating by Imperial Capital on Thursday, May 26. Iberia Capital Partners downgraded the stock to “Sector Perform” rating in Tuesday, October 13 report. The firm has “Hold” rating by Williams Capital Group given on Monday, August 29.
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 2016 Q2. Its up 1.06, from 0.71 in 2016Q1. The ratio increased, 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.
Pinebridge Investments Ltd Partnership accumulated 102,747 shares or 0.06% of the stock. The Massachusetts-based Ngam L P has invested 0.07% in Laredo Petroleum Inc (NYSE:LPI). Moreover, Deere has 0.02% invested in Laredo Petroleum Inc (NYSE:LPI) for 34,925 shares. Invesco Limited owns 4.60 million shares or 0.02% of their US portfolio. Carlson Capital Lp holds 0.03% of its portfolio in Laredo Petroleum Inc (NYSE:LPI) for 250,000 shares. Strs Ohio reported 95,250 shares or 0% of all its holdings. Jpmorgan Chase And Communications owns 1,321 shares or 0% of their US portfolio. M&T Fincl Bank has 10,264 shares for 0% of their US portfolio. Gradient Llc reported 3 shares or 0% of all its holdings. Wellington Mgmt Group Llp reported 3.20 million shares or 0.01% of all its holdings. The New York-based Morgan Stanley has invested 0% in Laredo Petroleum Inc (NYSE:LPI). Alliancebernstein L P owns 80,386 shares or 0% of their US portfolio. Tower Capital (Trc) holds 14,821 shares or 0.01% of its portfolio. Commonwealth Equity last reported 99,172 shares in the company. Engineers Gate Manager Lp holds 0.07% or 98,916 shares in its portfolio.
Another recent and important Laredo Petroleum Inc (NYSE:LPI) news was published by Fool.com which published an article titled: “Shares Surge After Laredo Petroleum Blows by Revenue Expectations” on November 03, 2016.
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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