Economy

Laredo Petroleum, Inc. (LPI) Given Underperform Rating at Credit Suisse Group

A rating of 4 or 5 would represent a Sell recommendation. (LPI)-5 analysts issued Buy for the stock, 8 analysts gave Outperform rating, 11 think it's a Hold, 2 issued Underperform, while 0 analyst gave a Sell rating. The stock of Laredo Petroleum Inc (NYSE:LPI) earned "Sector Perform" rating by Scotia Capital on Saturday, August 15. Williams Capital set a $16.00 price target on Laredo Petroleum and gave the company a "hold" rating in a research note on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company's stock. (NASDAQ:MU). At the time of writing, the First Call consensus price target for the company is $38.52.

Laredo Petroleum, Inc. (LPI) has been given an average price target of $16.32 from analysts, according to data collected by Finviz.

During the trading day, the stock price fluctuated between $9.57 and $9.79.

Now we look at the Moving Averages, the 200-day is -27.19, the 50-day is -21.69 and the 20-day is -16.37. The analysts estimated sales for the higher end at 201.59 million and lower end at 139.7 million while the year ago reported sale was 144.93 million. The Market Capitalization of the company stands at 2.45 Billion.

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Analysts' mean recommendation for Laredo Petroleum, Inc. The consensus mean EPS for the current quarter is at $0.12 derived from a total of 24 estimates from the analysts who have weighed in on projected earnings. Net profit margin of the company was recorded at -1.8 percent, operating profit margin was 20.5 percent, whereas gross profit margin stands at 56.4 percent. The firm's revenue was up 77.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The price to earnings ratio for Laredo Petroleum, Inc.

TRADEMARK VIOLATION WARNING: This report was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & worldwide copyright and trademark law. Stifel Nicolaus began coverage on Laredo Petroleum in a research report on Wednesday, April 12th. New Jersey-based Kcg has invested 0.01% in Laredo Petroleum Inc (NYSE:LPI). On the other side of RSI values, an RSI reading of 30 or below is commonly interpreted as indicating an oversold or undervalued condition that may signal a trend change or corrective price reversal to the upside. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Separately, Sr. VP - Exploration & Land Curth Patrick J Sell 43830 shares of the company at a price of $14.41 on 2017-03-31. Following the completion of the sale, the director now owns 68,006 shares in the company, valued at approximately $975,206.04. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in the company. Laredo Petroleum Inc (NYSE:LPI) has risen 17.65% since June 23, 2016 and is uptrending.

The volume of the particular stock is the shares bought and sold in a single trading day. The firm owned 34,684 shares of the oil and gas producer's stock after selling 58 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of Laredo Petroleum by 150.2% in the first quarter. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading. Glen Harbor Capital Management LLC acquired a new stake in shares of Laredo Petroleum during the first quarter valued at about $122,000. (NYSE LPI) opened at 9.77 on Friday. The Return on Assets for Laredo Petroleum, Inc. 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.



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