Economy

Laredo Petroleum Inc (LPI) Holdings Boosted by BNP Paribas Arbitrage SA

It increased, as 23 investors sold LPI shares while 41 reduced holdings.

A number of other hedge funds have also added to or reduced their stakes in LPI. The company reported the earnings of $0.13/Share in the last quarter where the estimated EPS by analysts was $0.14/share. (NYSE:LPI) for 2.38 million shares. Wells Fargo And Mn invested 0% in Laredo Petroleum, Inc. (NYSE:LPI) for 15,491 shares. Umb Commercial Bank N A Mo owns 184,290 shares for 0.34% of their portfolio. During the same period in the previous year, the business posted $0.12 EPS. sell-side analysts forecast that Laredo Petroleum Inc will post 0.52 EPS for the current fiscal year. (NYSE:LPI). Geode Capital Llc owns 1.14M shares. Connor Clark And Lunn Investment Ltd owns 718,979 shares. Analysts reported that the Price Target for Laredo Petroleum, Inc. might touch $17 high while the Average Price Target and Low price Target is $13.51 and $9.5 respectively. Marco Invest Mngmt Ltd Company invested in 0.06% or 2,672 shares. Magnetar Fin Ltd Limited Liability Company holds 0.02% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI) for 12,494 shares. (NYSE:LPI). Campbell Invest Adviser Ltd Co holds 0.27% of its portfolio in Laredo Petroleum, Inc. About 1.85M shares traded. (NYSE:LPI). Moreover, Goldman Sachs has 0.01% invested in Laredo Petroleum, Inc. Cim Invest Mangement holds 0.33% in U.S. Bancorp (NYSE:USB) or 16,700 shares. Invesco owns 3.60M shares for 0.02% of their portfolio. 29,666 were accumulated by Utah Retirement.

Laredo Petroleum (NYSE:LPI) last issued its earnings results on Wednesday, November 1st. Zacks Investment Research raised Laredo Petroleum from a "hold" rating to a "buy" rating and set a $14.00 target price for the company in a research note on Tuesday, October 17th. The rating was upgraded by Wells Fargo on Monday, October 10 to "Outperform".

Analysts await Laredo Petroleum, Inc. Therefore 42% are positive. BMO Capital Markets maintained Laredo Petroleum, Inc. (LPI) shows a double bottom with $10.09 target or 5.00 % below today's $10.62 share price. As per Thursday, October 15, the company rating was downgraded by KLR Group. (NYSE:LPI) earned "Market Perform" rating by Cowen & Co on Wednesday, December 9. Barclays Capital maintained the stock with "Buy" rating in Friday, April 21 report. The firm has "Buy" rating by Stifel Nicolaus given on Thursday, July 13. The firm has "Sector Perform" rating given on Friday, January 22 by RBC Capital Markets. Tudor Pickering raised Laredo Petroleum from a "hold" rating to a "buy" rating in a research report on Wednesday, January 18th.

In other Laredo Petroleum news, VP Patrick J. Curth sold 43,830 shares of the firm's stock in a transaction that occurred on Friday, March 31st. The rating was upgraded by Seaport Global on Tuesday, August 30 to "Neutral". The stock of Deere & Company (NYSE:DE) has "Neutral" rating given on Friday, November 25 by Longbow. Public Employees Retirement Association of Colorado lifted its position in Laredo Petroleum by 1.6% during the second quarter.

The stock decreased 0.79% or $0.09 during the last trading session, reaching $10.66. About 1.78M shares traded.

TRADEMARK VIOLATION WARNING: "Robert W. Baird Trims Laredo Petroleum (LPI) Target Price to $14.00" was reported by TrueBlueTribune and is owned by of TrueBlueTribune. It has outperformed by 0.95% the S&P500. Glen Harbor Capital Management LLC bought a new position in Laredo Petroleum during the first quarter valued at approximately $122,000. They expect $0.18 EPS, up 12.50 % or $0.02 from last year's $0.16 per share. Legal & General Group Plc raised its holdings in Laredo Petroleum by 3.2% during the second quarter. The company has a market cap of $2,610.00, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 4.09 and a beta of 1.32. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing. It has a 23.74 P/E ratio. 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. Moodys.com's article titled: "Moody's upgrades Laredo's CFR to B1; positive outlook" and published on December 06, 2017 is yet another important article.

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