Analysts Expect Laredo Petroleum Inc (LPI) Will Post Earnings of $0.17 Per Share

Wall Street brokerages expect that Laredo Petroleum Inc (NYSE:LPI) will announce earnings of $0.17 per share for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Laredo Petroleum’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.10. Laredo Petroleum reported earnings of $0.16 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 6.3%. The company is scheduled to report its next earnings results after the market closes on Wednesday, February 21st.

On average, analysts expect that Laredo Petroleum will report full-year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.43 to $0.54. For the next year, analysts expect that the business will post earnings of $1.02 per share, with EPS estimates ranging from $0.68 to $1.42. Zacks’ EPS calculations are an average based on a survey of analysts that follow Laredo Petroleum.

A number of research analysts have recently weighed in on LPI shares. Zacks Investment Research upgraded Laredo Petroleum from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, October 17th. Williams Capital raised their price objective on Laredo Petroleum from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, October 18th. BMO Capital Markets cut their price objective on Laredo Petroleum from $14.00 to $11.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. KeyCorp restated a “hold” rating on shares of Laredo Petroleum in a research report on Friday, November 10th. Finally, Barclays cut their price objective on Laredo Petroleum from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, November 20th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $13.44.

Laredo Petroleum (NYSE LPI) traded up $0.35 during trading hours on Monday, reaching $8.08. The company’s stock had a trading volume of 2,213,519 shares, compared to its average volume of 3,382,750. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 4.16. The company has a market capitalization of $1,874.62, a PE ratio of 16.10, a PEG ratio of 1.51 and a beta of 1.21. Laredo Petroleum has a twelve month low of $7.49 and a twelve month high of $15.15.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPI. State of Alaska Department of Revenue purchased a new position in Laredo Petroleum in the fourth quarter worth about $123,000. Koch Industries Inc. bought a new stake in Laredo Petroleum in the second quarter worth about $129,000. Virtu Financial LLC bought a new stake in Laredo Petroleum in the fourth quarter worth about $154,000. Fox Run Management L.L.C. bought a new stake in Laredo Petroleum in the third quarter worth about $167,000. Finally, Calamos Advisors LLC bought a new stake in Laredo Petroleum in the third quarter worth about $177,000.

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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.

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

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