Laredo Petroleum Inc (NYSE:LPI) Institutional Investors Quarterly Sentiment

May 17, 2018 - By Robert Sims

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 Q4 2017. Its up 0.19, from 1.2 in 2017Q3. The ratio increased, as 79 active investment managers started new or increased holdings, while 57 sold and reduced holdings in Laredo Petroleum Inc. The active investment managers in our partner’s database reported: 251.28 million shares, down from 254.15 million shares in 2017Q3. Also, the number of active investment managers holding Laredo Petroleum Inc in their top 10 holdings 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 EPS, 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 EPS 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 firm has “Hold” rating by Stephens given on Tuesday, March 13. The firm has “Hold” rating by Credit Suisse given on Monday, December 11. JP Morgan downgraded the stock to “Underweight” rating in Friday, December 15 report. As per Tuesday, January 9, the company rating was maintained by Piper Jaffray. As per Monday, March 12, the company rating was maintained by BMO Capital Markets. Williams Capital Group maintained Laredo Petroleum, Inc. (NYSE:LPI) on Thursday, January 25 with “Hold” rating. Williams Capital Group maintained Laredo Petroleum, Inc. (NYSE:LPI) rating on Thursday, February 15. Williams Capital Group has “Hold” rating and $11.0 target. The firm earned “Hold” rating on Thursday, January 11 by BMO Capital Markets. The company was maintained on Monday, November 20 by Piper Jaffray. Robert W. Baird maintained Laredo Petroleum, Inc. (NYSE:LPI) rating on Monday, April 2. Robert W. Baird has “Buy” rating and $1200 target.

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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