2017 Q4 Sentiment Laredo Petroleum Inc (NYSE:LPI)

May 17, 2018 - By Robert Crowder

Laredo Petroleum, Inc. (NYSE:LPI) Logo

Sentiment for Laredo Petroleum Inc (NYSE:LPI)

Laredo Petroleum Inc (NYSE:LPI) institutional sentiment increased to 1.39 in 2017 Q4. Its up 0.19, from 1.2 in 2017Q3. The ratio is better, as 79 funds started new or increased stock positions, while 57 decreased and sold their holdings in Laredo Petroleum Inc. The funds in our partner’s database now have: 251.28 million shares, down from 254.15 million shares in 2017Q3. Also, the number of funds holding Laredo Petroleum Inc in their top 10 stock positions decreased from 6 to 3 for a decrease of 3. Sold All: 17 Reduced: 40 Increased: 50 New Position: 29.

Laredo Petroleum, Inc. operates as an independent energy firm in the United States. The company has market cap of $2.33 billion. It operates through two divisions, Exploration and Production of Oil and Natural Gas Properties; and Midstream and Marketing. It has a 4.36 P/E ratio. It focuses on the acquisition, exploration, and development of oil and natural gas properties; and the transportation of oil and natural gas primarily in the Permian Basin in West Texas, as well as rig fuel, natural gas lift, and water delivery and takeaway services.

The stock increased 2.36% or $0.23 during the last trading session, reaching $9.98. About 4.16M shares traded or 21.86% up from the average. Laredo Petroleum, Inc. (NYSE:LPI) has declined 35.20% since May 17, 2017 and is downtrending. It has underperformed by 46.75% the S&P500.

Analysts await Laredo Petroleum, Inc. (NYSE:LPI) to report earnings on August, 6. They expect $0.26 earnings per share, up 160.00 % or $0.16 from last year’s $0.1 per share. LPI’s profit will be $60.75 million for 9.60 P/E if the $0.26 EPS becomes a reality. After $0.24 actual earnings per share reported by Laredo Petroleum, Inc. for the previous quarter, Wall Street now forecasts 8.33 % EPS growth.

Warburg Pincus Llc holds 16.69% of its portfolio in Laredo Petroleum, Inc. for 77.67 million shares. Sailingstone Capital Partners Llc owns 39.63 million shares or 12.17% of their US portfolio. Moreover, Spo Advisory Corp has 4.67% invested in the company for 21.21 million shares. The Washington-based Columbia Pacific Advisors Llc has invested 2.97% in the stock. Ws Management Lllp, a Florida-based fund reported 6.02 million shares.

Laredo Petroleum, Inc. (NYSE:LPI) Ratings Coverage

Ratings analysis reveals 23% of Laredo Petroleum’s analysts are positive. Out of 13 Wall Street analysts rating Laredo Petroleum, 3 give it “Buy”, 3 “Sell” rating, while 7 recommend “Hold”. The lowest target is $10.0 while the high is $16.0. The stock’s average target of $12.27 is 22.95% above today’s ($9.98) share price. LPI was included in 20 notes of analysts from November 20, 2017. The stock has “Overweight” rating by Barclays Capital on Monday, November 20. The firm has “Hold” rating given on Thursday, February 15 by Williams Capital Group. The stock has “Buy” rating by Stifel Nicolaus on Monday, January 29. The firm has “Underweight” rating by JP Morgan given on Friday, December 15. The rating was maintained by Stephens on Tuesday, March 13 with “Hold”. The company was maintained on Thursday, March 8 by Bank of America. The stock of Laredo Petroleum, Inc. (NYSE:LPI) has “Buy” rating given on Monday, November 20 by Piper Jaffray. The stock of Laredo Petroleum, Inc. (NYSE:LPI) has “Hold” rating given on Monday, December 11 by Credit Suisse. The company was maintained on Thursday, January 25 by Williams Capital Group. J.P. Morgan downgraded it to “Sell” rating and $13.0 target in Friday, December 15 report.

Another recent and important Laredo Petroleum, Inc. (NYSE:LPI) news was published by Globenewswire.com which published an article titled: “Laredo Petroleum Announces 2018 First-Quarter Financial and Operating Results” on May 02, 2018.

Laredo Petroleum, Inc. (NYSE:LPI) Institutional Positions Chart

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