Brokerages forecast that Laredo Petroleum Inc (NYSE:LPI) will post sales of $201.57 million for the current quarter, Zacks reports. Eight analysts have provided estimates for Laredo Petroleum’s earnings, with the highest sales estimate coming in at $236.39 million and the lowest estimate coming in at $173.83 million. Laredo Petroleum reported sales of $184.31 million in the same quarter last year, which indicates a positive year over year growth rate of 9.4%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, February 14th.
On average, analysts expect that Laredo Petroleum will report full year sales of $201.57 million for the current year, with estimates ranging from $645.00 million to $853.00 million. For the next financial year, analysts expect that the company will post sales of $873.25 million per share, with estimates ranging from $736.70 million to $1.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Laredo Petroleum.
Several equities analysts have recently commented on the stock. BMO Capital Markets restated a “hold” rating and set a $12.00 price target on shares of Laredo Petroleum in a report on Thursday, January 11th. Robert W. Baird decreased their price objective on shares of Laredo Petroleum from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, December 18th. Credit Suisse Group assumed coverage on shares of Laredo Petroleum in a report on Monday, December 11th. They issued a “neutral” rating and a $12.00 price objective for the company. Zacks Investment Research cut shares of Laredo Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Deutsche Bank assumed coverage on shares of Laredo Petroleum in a report on Thursday, February 1st. They issued a “hold” rating and a $11.00 price objective for the company. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $13.44.
Laredo Petroleum (NYSE:LPI) opened at $7.57 on Wednesday. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.64 and a current ratio of 0.64. Laredo Petroleum has a fifty-two week low of $7.49 and a fifty-two week high of $15.15. The company has a market cap of $1,840.00, a price-to-earnings ratio of 15.14, a PEG ratio of 1.51 and a beta of 1.21.
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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.
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