Laredo Petroleum (LPI) Scheduled to Post Earnings on Thursday
Laredo Petroleum (NYSE:LPI) is set to release its earnings data on Thursday, May 8th. Persons interested in registering for the company’s earnings conference call can do so using this link.
Laredo Petroleum (NYSE:LPI) last released its earnings data on Thursday, February 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The company had revenue of $153.40 million for the quarter, compared to the consensus estimate of $151.27 million. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts expect Laredo Petroleum to post $0.83 EPS for the current fiscal year and $1.12 EPS for the next fiscal year.
Laredo Petroleum (NYSE:LPI) opened at 29.50 on Wednesday. Laredo Petroleum has a 52 week low of $16.25 and a 52 week high of $34.60. The stock has a 50-day moving average of $27.21 and a 200-day moving average of $27.22. The company has a market cap of $4.156 billion and a price-to-earnings ratio of 34.38.
LPI has been the subject of a number of recent research reports. Analysts at Robert W. Baird initiated coverage on shares of Laredo Petroleum in a research note on Tuesday, April 15th. They set an “outperform” rating and a $35.00 price target on the stock. They noted that the move was a valuation call. On the ratings front, analysts at SunTrust upgraded shares of Laredo Petroleum from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 2nd. They now have a $36.00 price target on the stock, up previously from $29.00. They noted that the move was a valuation call. Finally, analysts at KLR Group upgraded shares of Laredo Petroleum from a “hold” rating to an “accumulate” rating in a research note on Tuesday, March 18th. They now have a $29.00 price target on the stock. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $33.61.
Laredo Petroleum, Inc, formerly Laredo Petroleum Holdings, Inc, is focused on the exploration, development and acquisition of oil and natural gas properties primarily in the Permian region of the United States.
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