Encompass Capital Advisors LLC Has Trimmed Its Laredo Petroleum INC (LPI) Stake by $48.29 Million

January 21, 2018 - By Vivian Park

Investors sentiment increased to 1.2 in Q3 2017. Its up 0.26, from 0.94 in 2017Q2. It improved, as 23 investors sold LPI shares while 41 reduced holdings. 20 funds opened positions while 57 raised stakes. 254.15 million shares or 0.31% more from 253.36 million shares in 2017Q2 were reported. D E Shaw Incorporated invested 0.02% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). Impala Asset Mgmt Ltd stated it has 1.56% in Laredo Petroleum, Inc. (NYSE:LPI). Cap Research Global Invsts holds 1.24M shares or 0% of its portfolio. Tower Ltd Liability Company (Trc) holds 0% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI) for 546 shares. 27,485 are held by Bnp Paribas Arbitrage Sa. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 21,632 shares. Moreover, Point72 Asset LP has 0.23% invested in Laredo Petroleum, Inc. (NYSE:LPI) for 4.04M shares. Morgan Stanley owns 82,648 shares for 0% of their portfolio. Jennison Associates Ltd reported 2.58 million shares. Strs Ohio reported 177,750 shares. Verition Fund Ltd Com owns 0.03% invested in Laredo Petroleum, Inc. (NYSE:LPI) for 30,488 shares. Quantitative Inv Management Ltd Liability Company holds 80,000 shares or 0.01% of its portfolio. Credit Suisse Ag accumulated 99,681 shares. 33,513 were accumulated by Raymond James Fincl Svcs. Commonwealth Equity Svcs holds 0.01% or 89,724 shares.

Todd J. Kantor decreased its stake in Laredo Petroleum Inc (LPI) by 54.87% based on its latest 2017Q3 regulatory filing with the SEC. Encompass Capital Advisors Llc sold 4.02 million shares as the company’s stock declined 8.43% while stock markets rallied. The hedge fund run by Todd J. Kantor held 3.31M shares of the energy company at the end of 2017Q3, valued at $42.80M, down from 7.33 million at the end of the previous reported quarter. Encompass Capital Advisors Llc who had been investing in Laredo Petroleum Inc for a number of months, seems to be less bullish one the $2.58B market cap company. The stock increased 1.22% or $0.13 during the last trading session, reaching $10.78. About 1.97M shares traded. Laredo Petroleum, Inc. (NYSE:LPI) has risen 17.65% since January 21, 2017 and is uptrending. It has outperformed by 0.95% the S&P500.

Analysts await Laredo Petroleum, Inc. (NYSE:LPI) to report earnings on February, 21. They expect $0.18 earnings per share, up 12.50 % or $0.02 from last year’s $0.16 per share. LPI’s profit will be $43.08M for 14.97 P/E if the $0.18 EPS becomes a reality. After $0.13 actual earnings per share reported by Laredo Petroleum, Inc. for the previous quarter, Wall Street now forecasts 38.46 % EPS growth.

Laredo Petroleum, Inc. (NYSE:LPI) Ratings Coverage

Among 33 analysts covering Laredo Petroleum Holdings Inc (NYSE:LPI), 14 have Buy rating, 3 Sell and 16 Hold. Therefore 42% are positive. Laredo Petroleum Holdings Inc had 93 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Friday, May 5 with “Hold”. UBS initiated Laredo Petroleum, Inc. (NYSE:LPI) on Thursday, March 23 with “Neutral” rating. Cowen & Co initiated Laredo Petroleum, Inc. (NYSE:LPI) on Wednesday, December 9 with “Market Perform” rating. The firm has “Overweight” rating given on Tuesday, February 21 by Piper Jaffray. Credit Suisse maintained it with “Sell” rating and $13 target in Monday, April 3 report. The stock has “Buy” rating by Tudor Pickering on Wednesday, January 18. The rating was maintained by Topeka Capital Markets with “Buy” on Tuesday, January 26. Suntrust Robinson upgraded the stock to “Buy” rating in Friday, January 20 report. Robert W. Baird reinitiated the stock with “Outperform” rating in Tuesday, December 19 report. As per Friday, May 13, the company rating was upgraded by JP Morgan.

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