Laredo Petroleum, Inc. (NYSE:LPI) – Analysts at Seaport Global Securities lifted their Q2 2017 EPS estimates for Laredo Petroleum in a research note issued to investors on Tuesday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will post earnings per share of $0.14 for the quarter, up from their previous forecast of $0.10. Seaport Global Securities currently has a “Neutral” rating and a $9.00 price target on the stock. Seaport Global Securities also issued estimates for Laredo Petroleum’s FY2017 earnings at $0.50 EPS.

Other research analysts have also recently issued research reports about the stock. Barclays PLC reiterated a “buy” rating and set a $18.00 price target (down previously from $19.00) on shares of Laredo Petroleum in a research note on Thursday, April 20th. Stifel Nicolaus initiated coverage on shares of Laredo Petroleum in a research note on Wednesday, April 12th. They set a “buy” rating and a $18.00 price target on the stock. FBR & Co reiterated a “buy” rating and set a $16.00 price target on shares of Laredo Petroleum in a research note on Friday, May 12th. TheStreet upgraded shares of Laredo Petroleum from a “d-” rating to a “c-” rating in a research note on Wednesday, May 3rd. Finally, Williams Capital set a $16.00 price target on shares of Laredo Petroleum and gave the stock a “hold” rating in a research note on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $14.63.

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Shares of Laredo Petroleum (LPI) opened at 12.36 on Thursday. The firm’s 50-day moving average is $10.96 and its 200-day moving average is $12.91. Laredo Petroleum has a one year low of $9.20 and a one year high of $16.47. The company’s market cap is $2.96 billion.

Laredo Petroleum (NYSE:LPI) last posted its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by $0.01. Laredo Petroleum had a negative net margin of 1.78% and a positive return on equity of 75.64%. The firm had revenue of $189 million during the quarter, compared to analysts’ expectations of $164.39 million. During the same quarter in the previous year, the company posted $0.08 EPS. Laredo Petroleum’s revenue for the quarter was up 77.3% on a year-over-year basis.

Hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC increased its stake in shares of Laredo Petroleum by 67.4% in the first quarter. Jennison Associates LLC now owns 3,023,757 shares of the oil and gas producer’s stock worth $44,147,000 after buying an additional 1,217,421 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Laredo Petroleum by 16,137.4% in the first quarter. Russell Investments Group Ltd. now owns 34,261 shares of the oil and gas producer’s stock worth $500,000 after buying an additional 34,050 shares in the last quarter. Strs Ohio increased its stake in shares of Laredo Petroleum by 86.6% in the first quarter. Strs Ohio now owns 177,750 shares of the oil and gas producer’s stock worth $2,595,000 after buying an additional 82,500 shares in the last quarter. First Quadrant L P CA increased its stake in shares of Laredo Petroleum by 5.8% in the first quarter. First Quadrant L P CA now owns 1,635,106 shares of the oil and gas producer’s stock worth $23,873,000 after buying an additional 89,637 shares in the last quarter. Finally, Glen Harbor Capital Management LLC bought a new stake in shares of Laredo Petroleum during the first quarter worth about $122,000.

Laredo Petroleum Company Profile

Laredo Petroleum, Inc (Laredo) is an independent energy company. The Company 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. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing.

Earnings History and Estimates for Laredo Petroleum (NYSE:LPI)

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