FY2017 EPS Estimates for Laredo Petroleum Inc Lowered by Analyst (LPI)

Laredo Petroleum Inc (NYSE:LPI) – Equities researchers at Capital One Financial reduced their FY2017 EPS estimates for shares of Laredo Petroleum in a research report issued on Tuesday. Capital One Financial analyst R. Tullis now expects that the oil and gas producer will post earnings of $0.53 per share for the year, down from their previous forecast of $0.54.

LPI has been the subject of a number of other reports. Zacks Investment Research cut shares of Laredo Petroleum from a “buy” rating to a “hold” rating in a report on Friday, October 20th. BMO Capital Markets reduced their price target on shares of Laredo Petroleum from $14.00 to $11.00 and set a “market perform” rating for the company in a report on Thursday, November 2nd. Williams Capital raised their price target on shares of Laredo Petroleum from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, October 18th. JPMorgan Chase & Co. cut shares of Laredo Petroleum from a “neutral” rating to an “underweight” rating and set a $13.00 price target for the company. in a report on Friday, December 15th. Finally, National Securities initiated coverage on shares of Laredo Petroleum in a report on Tuesday, January 16th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. Laredo Petroleum currently has a consensus rating of “Hold” and an average target price of $13.44.

Shares of Laredo Petroleum (NYSE LPI) opened at $7.86 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 4.16. The company has a market cap of $2,102.58, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.70 and a beta of 1.21. Laredo Petroleum has a twelve month low of $7.82 and a twelve month high of $15.15.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in shares of Laredo Petroleum by 2.6% during the fourth quarter. Wells Fargo & Company MN now owns 304,856 shares of the oil and gas producer’s stock valued at $3,234,000 after purchasing an additional 7,683 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Laredo Petroleum during the fourth quarter valued at about $3,818,000. California Public Employees Retirement System lifted its position in shares of Laredo Petroleum by 2.4% during the fourth quarter. California Public Employees Retirement System now owns 638,688 shares of the oil and gas producer’s stock valued at $6,776,000 after purchasing an additional 14,678 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Laredo Petroleum by 299.3% during the fourth quarter. Teacher Retirement System of Texas now owns 52,239 shares of the oil and gas producer’s stock valued at $554,000 after purchasing an additional 39,155 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Laredo Petroleum by 195.6% during the fourth quarter. American Century Companies Inc. now owns 148,992 shares of the oil and gas producer’s stock valued at $1,581,000 after purchasing an additional 98,583 shares in the last quarter.

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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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