Laredo Petroleum INC (LPI) Shares Declined While Encompass Capital Advisors LLC Has Lowered Its Holding by $48.29 Million

Laredo Petroleum, Inc. (NYSE:LPI) LogoInvestors sentiment increased to 2.12 in 2018 Q3. Its up 0.85, from 1.27 in 2018Q2. It increased, as 11 investors sold LPI shares while 41 reduced holdings. 50 funds opened positions while 60 raised stakes. 238.20 million shares or 6.28% less from 254.15 million shares in 2018Q2 were reported. Thrivent Fincl For Lutherans holds 0% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI) for 104,273 shares. Arbiter Ltd Liability Com reported 154,500 shares stake. 1.26 million are held by Principal Group Inc Inc. 18,232 are held by New Amsterdam Ptnrs Limited Liability Corp Ny. Northern Trust reported 1.97 million shares. Paloma Partners Management Communications has 57,023 shares. Schroder Investment Grp stated it has 2.08 million shares. Walleye Trading Ltd Co owns 54,106 shares or 0% of their US portfolio. James Invest Rech Inc invested 0.12% in Laredo Petroleum, Inc. (NYSE:LPI). 148,365 are owned by Sei Invests. Northwestern Mutual Wealth Company owns 498 shares or 0% of their US portfolio. State Of Alaska Department Of Revenue stated it has 0.01% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). Virginia Retirement Et Al invested in 0.01% or 104,800 shares. Moreover, Millennium Mngmt Llc has 0.09% invested in Laredo Petroleum, Inc. (NYSE:LPI) for 9.23 million shares. Moore Mgmt Ltd Partnership has 138,290 shares for 0.02% of their portfolio.

Encompass Capital Advisors Llc decreased its stake in Laredo Petroleum Inc (LPI) by 54.87% based on its latest 2018Q3 regulatory filing with the SEC. Encompass Capital Advisors Llc sold 4.02M shares as the company’s stock declined 45.25% with the market. The hedge fund held 3.31M shares of the energy company at the end of 2018Q3, valued at $42.80M, down from 7.33 million at the end of the previous reported quarter. Encompass Capital Advisors Llc who had been investing in Laredo Petroleum Inc for a number of months, seems to be less bullish one the $925.52M market cap company. The stock increased 0.50% or $0.02 during the last trading session, reaching $4.03. About 1.94 million shares traded. Laredo Petroleum, Inc. (NYSE:LPI) has declined 57.39% since January 14, 2018 and is downtrending. It has underperformed by 57.39% the S&P500.

Analysts await Laredo Petroleum, Inc. (NYSE:LPI) to report earnings on February, 13. They expect $0.26 earnings per share, up 36.84 % or $0.07 from last year’s $0.19 per share. LPI’s profit will be $59.71 million for 3.88 P/E if the $0.26 EPS becomes a reality. After $0.27 actual earnings per share reported by Laredo Petroleum, Inc. for the previous quarter, Wall Street now forecasts -3.70 % negative EPS growth.

More notable recent Laredo Petroleum, Inc. (NYSE:LPI) news were published by: Globenewswire.com which released: “Laredo Petroleum Announces 2018 First-Quarter Financial and Operating Results – GlobeNewswire” on May 02, 2018, also Seekingalpha.com with their article: “Laredo Petroleum Is Severely Undervalued – Seeking Alpha” published on March 13, 2018, Seekingalpha.com published: “More on Laredo Petroleum Q3 results – Seeking Alpha” on November 06, 2018. More interesting news about Laredo Petroleum, Inc. (NYSE:LPI) were released by: Seekingalpha.com and their article: “Midland crude for Q4 delivery nears strongest in months – Reuters – Seeking Alpha” published on January 11, 2019 as well as Globenewswire.com‘s news article titled: “Laredo Petroleum Announces 2018 Third-Quarter Financial and Operating Results – GlobeNewswire” with publication date: November 05, 2018.

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

Among 3 analysts covering Laredo Petroleum (NYSE:LPI), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Laredo Petroleum had 3 analyst reports since August 2, 2018 according to SRatingsIntel. Robert W. Baird maintained it with “Neutral” rating and $3 target in Friday, January 4 report. PiperJaffray downgraded the stock to “Neutral” rating in Wednesday, January 9 report. Bank of America maintained the shares of LPI in report on Thursday, August 2 with “Underperform” rating.

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

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