Today’s Stock Alert: After Today’s Big Increase, Is Laredo Petroleum Inc’s Near-Term Analysis Positive?

Today's Stock Alert: After Today's Big Increase, Is Laredo Petroleum Inc's Near Term Analysis Positive?

The stock of Laredo Petroleum Inc (NYSE:LPI) is a huge mover today! About 4.26 million shares traded hands or 27.93% up from the average. Laredo Petroleum Inc (NYSE:LPI) has risen 14.06% since April 27, 2016 and is uptrending. It has outperformed by 8.83% the S&P500.
The move comes after 7 months positive chart setup for the $3.70B company. It was reported on Nov, 30 by Barchart.com. We have $16.45 PT which if reached, will make NYSE:LPI worth $222.00M more.

Analysts await Laredo Petroleum Inc (NYSE:LPI) to report earnings on February, 21. They expect $0.15 earnings per share, up 150.00% or $0.09 from last year’s $0.06 per share. LPI’s profit will be $35.76 million for 25.87 P/E if the $0.15 EPS becomes a reality. After $0.12 actual earnings per share reported by Laredo Petroleum Inc for the previous quarter, Wall Street now forecasts 25.00% 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. Raymond James upgraded Laredo Petroleum Inc (NYSE:LPI) on Monday, August 10 to “Market Perform” rating. The stock has “Hold” rating given by Tudor Pickering on Friday, November 6. The rating was downgraded by Stephens to “Equal-Weight” on Thursday, February 18. The company was downgraded on Friday, August 14 by Howard Weil. The stock of Laredo Petroleum Inc (NYSE:LPI) earned “Sector Perform” rating by Iberia Capital Partners on Tuesday, October 13. The rating was maintained by Topeka Capital Markets on Thursday, August 6 with “Buy”. The stock of Laredo Petroleum Inc (NYSE:LPI) has “Market Perform” rating given on Friday, August 7 by Northland Capital. KLR Group downgraded the shares of LPI in a report on Thursday, October 15 to “Reduce” rating. The firm has “Buy” rating by Topeka Capital Markets given on Wednesday, May 11. JP Morgan upgraded Laredo Petroleum Inc (NYSE:LPI) rating on Friday, May 13. JP Morgan has “Neutral” rating and $12 price target.

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 decreased to 1.47 in 2016 Q2. Its down 0.30, from 1.77 in 2016Q1. The ratio worsened, 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.
Advisory Serv Ntwk Limited Liability Corporation holds 300 shares or 0% of its portfolio. Commonwealth Equity Service accumulated 99,172 shares or 0.01% of the stock. Blackrock Advsr Limited Liability Corporation reported 75,539 shares or 0% of all its holdings. Aqr Mgmt Lc holds 1.01M shares or 0.02% of its portfolio. Visium Asset Management Ltd Partnership last reported 10,643 shares in the company. Walleye Trading Ltd Co last reported 0% of its portfolio in the stock. Wells Fargo & Mn owns 88,277 shares or 0% of their US portfolio. Rhumbline Advisers last reported 0% of its portfolio in the stock. Tower Research Capital Limited Liability Corp (Trc) last reported 14,821 shares in the company. Pnc Ser Grp Inc owns 17,736 shares or 0% of their US portfolio. Ngam Advisors L P accumulated 0.07% or 461,827 shares. Rothschild Asset Management holds 0.1% of its portfolio in Laredo Petroleum Inc (NYSE:LPI) for 518,054 shares. Vaughan Nelson Mngmt Limited Partnership, a Texas-based fund reported 4.72 million shares. Barclays Public Lc last reported 0% of its portfolio in the stock. Amalgamated National Bank holds 16,206 shares or 0.01% of its portfolio.

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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