Laredo Petroleum INC (LPI) Shareholder Encompass Capital Advisors LLC Has Lowered Its Stake as Market Valuation Declined

February 21, 2018 - By Peter Erickson

Investors sentiment increased to 1.2 in Q3 2017. Its up 0.26, from 0.94 in 2017Q2. It increased, 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. Chicago Equity Partners Limited Liability stated it has 0.04% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). Bokf Na owns 0.19% invested in Laredo Petroleum, Inc. (NYSE:LPI) for 497,936 shares. Jefferies Group Incorporated Limited Liability holds 0% or 25,618 shares. Wellington Mngmt Grp Llp reported 0.03% in Laredo Petroleum, Inc. (NYSE:LPI). Dimensional Fund Advsr LP stated it has 3.52M shares. Ngam Advsrs Limited Partnership has invested 0.04% in Laredo Petroleum, Inc. (NYSE:LPI). Glob X Ltd Liability Company holds 0% or 1,846 shares in its portfolio. 179,247 were reported by Guggenheim Capital Llc. Tph Asset Ltd Liability Com holds 1.48M shares or 2.15% of its portfolio. Jpmorgan Chase And Com has 12,494 shares. 200 were accumulated by Reilly Advsr Limited Liability Corporation. Corecommodity Limited Company has 0.3% invested in Laredo Petroleum, Inc. (NYSE:LPI). Point72 Asset Mgmt Lp owns 4.04M shares for 0.23% of their portfolio. Prudential holds 2.10M shares or 0.04% of its portfolio. Teacher Retirement System Of Texas stated it has 0% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI).

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 $2.01 billion market cap company. The stock increased 0.36% or $0.03 during the last trading session, reaching $8.39. About 4.48M shares traded or 43.66% up from the average. Laredo Petroleum, Inc. (NYSE:LPI) has risen 17.65% since February 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 May, 2. They expect $0.24 EPS, up 140.00 % or $0.14 from last year’s $0.1 per share. LPI’s profit will be $57.44 million for 8.74 P/E if the $0.24 EPS becomes a reality. After $0.19 actual EPS reported by Laredo Petroleum, Inc. for the previous quarter, Wall Street now forecasts 26.32 % EPS growth.

More recent Laredo Petroleum, Inc. (NYSE:LPI) news were published by: Globenewswire.com which released: “Laredo Petroleum Announces $200 Million Share Repurchase Program” on February 14, 2018. Also Fool.com published the news titled: “Here’s Why Laredo Petroleum Inc’s Stock Is Sinking Today” on January 25, 2018. Globenewswire.com‘s news article titled: “Laredo Petroleum Announces Management Transition” with publication date: February 05, 2018 was also an interesting one.

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

Among 34 analysts covering Laredo Petroleum Holdings Inc (NYSE:LPI), 14 have Buy rating, 3 Sell and 17 Hold. Therefore 41% are positive. Laredo Petroleum Holdings Inc had 98 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Thursday, February 18 by Stephens. The company was initiated on Monday, December 11 by Credit Suisse. On Tuesday, August 8 the stock rating was maintained by Williams Capital Group with “Hold”. Williams Capital Group maintained the shares of LPI in report on Thursday, February 15 with “Hold” rating. The firm has “Overweight” rating by PiperJaffray given on Monday, September 18. The firm has “Hold” rating given on Friday, May 5 by Williams Capital Group. As per Thursday, October 15, the company rating was downgraded by KLR Group. The rating was maintained by Topeka Capital Markets with “Buy” on Thursday, August 6. Nomura initiated Laredo Petroleum, Inc. (NYSE:LPI) on Thursday, December 3 with “Neutral” rating. The stock has “Market Perform” rating by Cowen & Co on Monday, April 18.

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