Laredo Petroleum, Inc. (NYSE:LPI) Sees Price Decrease - Down by 5.65%

Laredo Petroleum, Inc. (NYSE:LPI) Sees Price Decrease - Down by 5.65%”

After a recent spot-check, the stock has touched $12.19 which represents a change from the open of -3.52%. (NASDAQ:ZNGA). At the time of writing, the First Call consensus price target for the company is $4.20. ABM Industries had 12 analyst reports since August 31, 2015 according to SRatingsIntel. Bank of America Corporation started coverage on shares of Laredo Petroleum in a research report on Wednesday, July 19th.

Analysts have given a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). BNP Paribas Arbitrage SA now owns 15,969 shares of the oil and gas producer's stock valued at $233,000 after buying an additional 13,166 shares in the last quarter. Its down 2.11% from 1.46 million shares previously. The stock has "Hold" rating by Zacks on Monday, August 10.

Valued now at $12.25, the vast majority of Wall Street analysts continue to say it's a hold.

Shares of Laredo Petroleum (LPI) traded down 5.26% during mid-day trading on Friday, reaching $12.25. The stock has seen its SMA50 which is now 12.57%. The firm has a market cap of $2.93 billion, a P/E ratio of 24.75 and a beta of 1.44. Looking at the other side of the coin, LPI traded as low as $9.57 in the past 52 weeks, and since then the shares have risen 28% or $2.68.

It is now trading at $12.20 slightly over the 50 day moving average which is $12.14 and which is marginally under the 200 day moving average of $12.35.

06/02/2017 - Credit Suisse began new coverage on Laredo Petroleum, Inc. giving the company a "underperform" rating. Laredo Petroleum had a net margin of 16.73% and a return on equity of 49.15%. For the current year the company's revenue estimates are $721.92 Million compared to low analyst estimates of $611.51 Million and high estimates of $795.17 Million according to the prediction of 10 analysts. During the same quarter previous year, the business earned $0.13 EPS. The firm's revenue for the quarter was up 27.5% compared to the same quarter past year. Laredo Petroleum Inc (NYSE:LPI) has risen 17.65% since October 3, 2016 and is uptrending. KLR Group upgraded the shares of LPI in report on Thursday, February 18 to "Accumulate" rating. If you are accessing this piece on another website, it was stolen and reposted in violation of USA and global copyright and trademark legislation.

Large investors have recently modified their holdings of the stock. "This eventually grew into the premier pipeline system in the Midland Basin". For the quarter, shares have been noted at 22.91%. The firm owned 141,700 shares of the oil and gas producer's stock after selling 36,300 shares during the quarter.

Looking into last 5 trades, the stock observed a return of nearly -0.69%. Piermont Capital Management Inc. owned about 0.06% of Laredo Petroleum worth $1,491,000 at the end of the most recent quarter. The Company 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. Medallion operates a newly-constructed crude oil gathering and transportation system that has been created to support substantial volume growth and offers a differentiated service to a diverse mix of active, high quality producer customers by allowing them to access multiple Permian Basin long-haul takeaway pipelines and end-markets, providing them with flow assurance and enabling them to maximise realised pricing.

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