Economy

Virtu KCG Holdings LLC Sells 24428 Shares of Laredo Petroleum, Inc. (LPI)

LPI's profit will be $33.98M for 22.66 P/E if the $0.14 EPS becomes a reality. After having $0.10 EPS previously, Laredo Petroleum Inc's analysts see 40.00% EPS growth. About 50,914 shares traded. Laredo Petroleum Inc (NYSE:LPI) has risen 17.65% since October 13, 2016 and is uptrending. The Florida-based Ws Mngmt Lllp has invested 1.54% in Laredo Petroleum Inc (NYSE:LPI).

Stock market analysts and brokers have recently amended their target prices on shares of Laredo Petroleum, Inc. Rothschild Asset Management holds 2.34 million shares or 0.28% of its portfolio.

The stock decreased 0.14% or $0.02 on October 13, reaching $14.64. It is down 17.65% since October 13, 2016 and is uptrending. It has underperformed by 2.98% the S&P500. On Oct. 12, 2017 LPI saw a significant decline, closing the day at $12.80, or a decline of $0.09 or (0.70%). Its down 0.77, from 1.71 in 2017Q1. 253.36 million shares or 3.14% more from 245.64 million shares in 2017Q1 were reported. Alliancebernstein Lp reported 0% stake. The oil and gas producer reported $0.10 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.11 by ($0.01). Aperio Group Inc Lc holds 23,504 shares. It dropped, as 32 investors sold Laredo Petroleum Inc shares while 49 reduced holdings.

Laredo Petroleum (NYSE:LPI) last released its earnings results on Monday, August 7th. Dimensional Fund Advisors LP now owns 2,368,993 shares of the oil and gas producer's stock worth $34,586,000 after purchasing an additional 1,434,079 shares during the period. Swiss National Bank & Trust invested 0% in Laredo Petroleum Inc (NYSE:LPI). Vanguard Group Inc. boosted its holdings in shares of Laredo Petroleum by 20.9% during the 1st quarter. Bnp Paribas Arbitrage Sa holds 0% or 16,735 shares in its portfolio. Legal And General Gru Public Limited Company has 0.11% invested in Williams Companies Inc (NYSE:WMB) for 4.45 million shares. 588 are held by Meeder Asset Mngmt. X Mgmt Limited Company has invested 0% in Laredo Petroleum Inc (NYSE:LPI). The company has market cap of $10.77 billion. 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 P/E Ratio for LPI is 25.94. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Therefore 44% are positive. Cowen & Co maintained Laredo Petroleum Inc (NYSE:LPI) on Tuesday, July 18 with "Hold" rating. The firm earned "Buy" rating on Friday, January 20 by SunTrust. Northland Capital maintained the stock with "Market Perform" rating in Friday, August 7 report. Finally, Cowen and Company reiterated a "hold" rating and issued a $12.00 price objective on shares of Laredo Petroleum in a report on Sunday, September 17th. The firm has "Sell" rating by Credit Suisse given on Monday, April 3.

02/21/2017 - Laredo Petroleum, Inc. was upgraded to "overweight" by analysts at Piper Jaffray. The stock of Laredo Petroleum Inc (NYSE:LPI) has "Outperform" rating given on Tuesday, September 13 by FBR Capital. The stock of Ally Financial Inc (NYSE:ALLY) has "Buy" rating given on Wednesday, February 3 by Compass Point.

Since May 10, 2017, it had 3 buys, and 3 sales for $1.92 million activity. $509,588 worth of NIC Inc. It improved, as 73 investors sold Nemetschek SE shares while 157 reduced holdings.

Among 9 analysts covering Nemetschek (ETR:NEM), 2 have Buy rating, 2 Sell and 5 Hold. Finally, Sei Investments Co. lifted its holdings in shares of Laredo Petroleum by 21.7% during the second quarter. The rating was maintained by Scotia Capital on Saturday, August 15 with "Sector Perform". The firm now has a hold rating on the oil and gas producer's stock. The firm has "Buy" rating by Keefe Bruyette & Woods given on Thursday, July 27. The firm has "Hold" rating given on Monday, August 10 by Zacks. The New Jersey-based Lucas Capital Management has invested 0.33% in the stock. The rating was downgraded by Stephens on Monday, July 17 to "Underweight". Amp Capital Ltd has invested 0.54% in Williams Companies Inc (NYSE:WMB).

Investors sentiment increased to 1.65 in 2017 Q2. Its down 0.71, from 1.77 in 2017Q1. 58 funds opened positions while 216 raised stakes. Alps Advsrs owns 22,966 shares for 0% of their portfolio. Glg LP invested in 0.11% or 63,655 shares. Manufacturers Life Ins The holds 0.03% or 926,777 shares. Mraz Amerine & Associates Inc., a California-based fund reported 142,097 shares. 247,823 were reported by Macquarie Group Inc. 55,262 were accumulated by Capstone Asset Management. Teachers Retirement Systems Of The State Of Kentucky holds 0.01% or 21,300 shares. Wellington Shields Management Ltd Com holds 0.51% or 104,105 shares. Country Club Company Na owns 7,127 shares for 0.03% of their portfolio. Ameritas holds 0.01% in NIC Inc.

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