Q1 2018 EPS Estimates for Laredo Petroleum Inc (LPI) Boosted by KeyCorp

Laredo Petroleum Inc (NYSE:LPI) – Investment analysts at KeyCorp increased their Q1 2018 EPS estimates for shares of Laredo Petroleum in a research note issued on Sunday. KeyCorp analyst C. Stevens now expects that the oil and gas producer will post earnings of $0.28 per share for the quarter, up from their prior forecast of $0.24. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Laredo Petroleum’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $1.08 EPS, Q1 2019 earnings at $0.27 EPS, Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.32 EPS, Q4 2019 earnings at $0.33 EPS and FY2019 earnings at $1.21 EPS.

A number of other equities analysts also recently commented on the stock. National Securities assumed coverage on shares of Laredo Petroleum in a research note on Tuesday, January 16th. They issued a “buy” rating on the stock. BMO Capital Markets restated a “hold” rating and issued a $12.00 target price on shares of Laredo Petroleum in a research note on Thursday, January 11th. Piper Jaffray Companies restated a “buy” rating and issued a $16.00 target price on shares of Laredo Petroleum in a research note on Tuesday, January 9th. Robert W. Baird dropped their target price on shares of Laredo Petroleum from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, December 18th. Finally, JPMorgan Chase & Co. downgraded shares of Laredo Petroleum from a “neutral” rating to an “underweight” rating and set a $13.00 target price on the stock. in a research note on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $13.91.

Laredo Petroleum (LPI) opened at $11.23 on Tuesday. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $2,720.00, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. Laredo Petroleum has a one year low of $9.46 and a one year high of $15.15.

Laredo Petroleum (NYSE:LPI) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). The company had revenue of $205.82 million during the quarter, compared to the consensus estimate of $178.48 million. Laredo Petroleum had a return on equity of 43.77% and a net margin of 15.92%. Laredo Petroleum’s revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 earnings per share.

Several institutional investors and hedge funds have recently made changes to their positions in the company. WS Management Lllp lifted its position in Laredo Petroleum by 50.8% during the third quarter. WS Management Lllp now owns 5,934,700 shares of the oil and gas producer’s stock valued at $76,736,000 after acquiring an additional 2,000,000 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Laredo Petroleum by 69.4% during the second quarter. Goldman Sachs Group Inc. now owns 3,082,481 shares of the oil and gas producer’s stock valued at $32,428,000 after acquiring an additional 1,263,202 shares during the last quarter. Vanguard Group Inc. lifted its position in Laredo Petroleum by 7.9% during the second quarter. Vanguard Group Inc. now owns 16,083,332 shares of the oil and gas producer’s stock valued at $169,197,000 after acquiring an additional 1,176,608 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Laredo Petroleum by 36.8% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 3,886,100 shares of the oil and gas producer’s stock valued at $50,247,000 after acquiring an additional 1,044,525 shares during the last quarter. Finally, State Street Corp lifted its position in Laredo Petroleum by 15.9% during the second quarter. State Street Corp now owns 5,810,244 shares of the oil and gas producer’s stock valued at $61,121,000 after acquiring an additional 799,073 shares during the last quarter.

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About Laredo Petroleum

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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