Economy

Laredo Petroleum, Inc. (LPI)

Laredo Petroleum, Inc. (LPI)”

The stock rose 1.34% or $1.78 reaching $134.23. During the session shares traded on below-average volume.

Laredo Petroleum, Inc. (Laredo), launched on August 12, 2011, is an independent energy company. The stock touched 52-week High of $16.47 on 12/01/16 and 52-week Low of $9.57 on 06/23/17. Alambic Investment Management L.P. acquired a new position in shares of Laredo Petroleum during the third quarter valued at about $141,000.

Returns and Valuations for TTM Technologies, Inc. Point72 Asset Management, L.p. controls 4,126,800 shares worth $43,414,000. Laredo Petroleum Inc (NYSE:LPI) has risen 17.65% since September 14, 2016 and is uptrending. It has outperformed by 0.95% the S&P500. Its down 0.03, from 0.86 in 2016Q3. (NASDAQ:USAT), its shares were trading at $5.25 a retreat of $-0.2, on the trading floor. Shelton Mgmt accumulated 73,221 shares. Rnc Limited Liability reported 218,199 shares. (NYSE:LPI) Earnings Growing Rapidly? Planning Alternatives Limited Adv reported 10,228 shares. In this case, shares are 31.35% higher from $9.57, the worst price in 52 weeks suffered on Jun. 23, 2017, but are collecting gains at -7.3% for the past six months. (LPI) is 0.1 while the analysts predicted the EPS of the stock to be 0.12 suggesting the company fell short of the analysts' expectations. Heritage Wealth owns 14,509 shares for 1.09% of their portfolio. Therefore 53% are positive.

LPI has been the topic of several recent analyst reports. The company's market capitalization is $3.36 billion.

The stock being overvalued and undervalued sometimes depends upon the market situation as well. It also upped Keycorp (NYSE:KEY) stake by 243,368 shares and now owns 880,457 shares. They expect $1.79 earnings per share, up 6.55% or $0.11 from last year's $1.68 per share. LPI's profit will be $33.97 million for 22.45 P/E if the $0.14 EPS becomes a reality.

Capital One Financial Corporation increased their FY2018 EPS estimates for shares of Laredo Petroleum in a report released on Thursday.

Investors sentiment decreased to 0.94 in Q4 2016. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. (LPI) is its Earnings per Share or EPS. 77 funds opened positions while 174 raised stakes. Public Employees Retirement System of OH grew its position in shares of Laredo Petroleum by 3.9% in the 2nd quarter.

Are Laredo Petroleum, Inc. Meeder Asset Inc holds 0% or 2,116 shares. Commonwealth Equity Serv has 87,501 shares for 0.01% of their portfolio. Missouri-based American Century has invested 0% in Laredo Petroleum Inc (NYSE:LPI). Virginia Retirement Sys Et Al stated it has 25,700 shares. Wafra Investment Advisory Gru Incorporated Ny reported 459,597 shares.

03/23/2017 - UBS began new coverage on Laredo Petroleum, Inc. giving the company a "neutral" rating.

Laredo Petroleum, Inc. (LPI) now the company's industry has 12.18 P/E and the sector P/E is 16.43.

02/21/2017 - Laredo Petroleum, Inc. was upgraded to "overweight" by analysts at Piper Jaffray. Aperio Gru Ltd holds 0% or 12,838 shares. The value of the total investment in Laredo Petroleum, Inc. decreased from $3,416,000 to $1,708,000 a change of $1,708,000 since the last quarter. Laredo Petroleum Holdings Inc had 78 analyst reports since July 21, 2015 according to SRatingsIntel.

Based on data provided from analysts polled by Thomson Reuters, Laredo Petroleum, Inc. has a current consensus target price of 14.68. Jefferies maintained it with "Buy" rating and $2100 target in Friday, August 11 report. On Tuesday, the figure was recorded as +13. $12.57's average target is 0.00% above currents $12.57 stock price. Jefferies upgraded it to "Buy" rating and $15.50 target in Monday, November 23 report. On Monday, May 15 the stock rating was maintained by FBR Capital with "Buy". The company was maintained on Tuesday, July 18 by Cowen & Co. The MF Rank of Laredo Petroleum, Inc.

How has the stock performed recently? 124,482 were reported by First Allied Advisory. The stock of Laredo Petroleum Inc (NYSE:LPI) earned "Hold" rating by KLR on Monday, December 7.

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