Economy

Laredo Petroleum, Inc. (NYSE:LPI) Holdings Reduced by Icon Advisers Inc

While looking at the Stock's Performance, Laredo Petroleum, Inc. now shows a Weekly Performance of 7.66%, where Monthly Performance is 9.26%, Quarterly performance is 34.93%, 6 Months performance is -0.23% and yearly performance percentage is 15.88%. The rating was maintained by Credit Suisse on Wednesday, August 12 with "Neutral". The percentage of shares being held by the company management was 0.1% while institutional stake was 72.8%. According to these analysts, the Low Revenue Estimate for Laredo Petroleum, Inc.is 139.9 Million and the High Revenue Estimate is 205.41 Million. Seaport Global upgraded the stock to "Neutral" rating in Tuesday, August 30 report. The rating was upgraded by SunTrust to "Buy" on Friday, January 20.

Several equities research analysts have recently issued reports on LPI shares. The rating was initiated by KeyBanc Capital Markets with "Sector Weight" on Friday, August 14. The stock of Laredo Petroleum Inc (NYSE:LPI) has "Buy" rating given on Monday, May 15 by FBR Capital. The firm earned "Hold" rating on Monday, August 29 by Williams Capital Group. American Century Companies Inc. raised its position in Laredo Petroleum by 381.5% during the first quarter. Impala Asset Management LLC now owns 2,955,195 shares of the oil and gas producer's stock valued at $43,146,000 after buying an additional 1,746,915 shares during the last quarter. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). It is 0.00% or $0 reaching $92.98 per share. It has outperformed by 0.95% the S&P500. About shares traded. Babcock & Wilcox Enterprises Inc (NYSE:BW) has declined 50.61% since September 22, 2016 and is downtrending. Laredo Petroleum Inc (NYSE:LPI) has risen 17.65% since September 22, 2016 and is uptrending. It has outperformed by 0.95% the S&P500.

Over the last few days fluctuation in the stock of Laredo Petroleum, Inc. (LPI) has a market cap of $3.12 billion and over the last 12 months, Laredo Petroleum, Inc. The Firm 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. The company's P/E (price to earnings) ratio is 26.85 and Forward P/E ratio of 19.75. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing.

Looking forward, the company's quarterly earnings are expected to come at $0.1 in the three months through June 2017 and $0.1 in the quarter ending September 2017, reflecting 0% and 11.11% growth, respectively. BidaskClub lifted shares of Laredo Petroleum from a "sell" recommendation to a "hold" recommendation in a study on Wed, Jul 12th. Sold All: 32 Reduced: 49 Increased: 57 New Position: 19.

About 1.16 million shares traded. The firm has "Hold" rating given on Wednesday, December 2 by Deutsche Bank. Ny State Common Retirement Fund stated it has 0.02% of its portfolio in Laredo Petroleum Inc (NYSE:LPI). Citigroup reported 0% stake. Goldman Sachs Grp Inc reported 3.08 million shares. (NYSE:LPI) shares saw light trading volume with 60K shares changing hands by the end of trading on Thursday. Columbia Pacific Advisors Llc, a Washington-based fund reported 289,850 shares.#img1#. LPI's profit will be $33.94M for 23.50 P/E if the $0.14 EPS becomes a reality.

WARNING: "Laredo Petroleum, Inc". Magnetar Ltd Limited Liability Company holds 0.01% or 55,721 shares. Bnp Paribas Arbitrage holds 0% or 16,735 shares.

Investors sentiment increased to 0.9 in Q2 2017. A 11 analysts rate it as either a buy or a strong buy, while1 believe that investors should either steer clear of LPI or, if they already own its stock, sell it. Price T Rowe Assoc Md holds 0% or 36,682 shares. Citadel Advsrs Limited Com owns 14,963 shares for 0% of their portfolio. Gsa Cap Prtnrs Llp has invested 0.07% in VCA Inc (NASDAQ:WOOF). Qcm Cayman Ltd has 12,677 shares for 0.3% of their portfolio. Russell Investments Group Ltd. now owns 34,261 shares of the oil and gas producer's stock worth $500,000 after purchasing an additional 34,050 shares during the period. 3,020 were accumulated by Us Bank De.



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