Laredo Petroleum, Inc. (LPI) Analysts See $0.18 EPS

February 20, 2018 - By Winifred Garcia

 Laredo Petroleum, Inc. (LPI) Analysts See $0.18 EPS
Investors sentiment increased to 1.2 in Q3 2017. Its up 0.26, from 0.94 in 2017Q2. It is positive, as 23 investors sold Laredo Petroleum, Inc. shares while 41 reduced holdings. 20 funds opened positions while 57 raised stakes. 254.15 million shares or 0.31% more from 253.36 million shares in 2017Q2 were reported.
Magnetar Fincl Limited Liability Company invested 0.02% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). Bancorp Of America Corporation De has 0% invested in Laredo Petroleum, Inc. (NYSE:LPI) for 102,463 shares. Evanson Asset Management Ltd Company invested 0.03% in Laredo Petroleum, Inc. (NYSE:LPI). Great West Life Assurance Communication Can owns 21,632 shares or 0% of their US portfolio. Waddell Reed owns 4.62M shares for 0.13% of their portfolio. Campbell Co Invest Adviser Limited holds 0.27% in Laredo Petroleum, Inc. (NYSE:LPI) or 26,265 shares. California State Teachers Retirement Sys reported 261,227 shares. Ubs Asset Americas Incorporated invested 0% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). Bluecrest Capital Mngmt Ltd holds 0.01% or 16,511 shares. Bancshares Of Montreal Can owns 1.02M shares. Millennium Management Limited Com invested in 9.63M shares. Principal Grp Inc owns 23,929 shares. 70,665 were reported by Hamilton Lane Advsrs Ltd Liability Company. Moreover, Warburg Pincus Ltd Company has 16.41% invested in Laredo Petroleum, Inc. (NYSE:LPI) for 77.67 million shares. Morgan Stanley holds 0% or 82,648 shares.

Analysts expect Laredo Petroleum, Inc. (NYSE:LPI) to report $0.18 EPS on February, 21.They anticipate $0.02 EPS change or 12.50 % from last quarter’s $0.16 EPS. LPI’s profit would be $43.08 million giving it 11.61 P/E if the $0.18 EPS is correct. After having $0.13 EPS previously, Laredo Petroleum, Inc.’s analysts see 38.46 % EPS growth. The stock increased 0.36% or $0.03 during the last trading session, reaching $8.36. About 4.24 million shares traded or 36.70% up from the average. Laredo Petroleum, Inc. (NYSE:LPI) has risen 17.65% since February 20, 2017 and is uptrending. It has outperformed by 0.95% the S&P500.

Laredo Petroleum, Inc. (NYSE:LPI) Ratings Coverage

Among 34 analysts covering Laredo Petroleum Holdings Inc (NYSE:LPI), 14 have Buy rating, 3 Sell and 17 Hold. Therefore 41% are positive. Laredo Petroleum Holdings Inc had 98 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Monday, June 26 report. The stock has “Buy” rating by Topeka Capital Markets on Thursday, August 6. The company was upgraded on Tuesday, June 14 by Iberia Capital Partners. The firm earned “Buy” rating on Friday, April 21 by Barclays Capital. The firm has “Neutral” rating by Seaport Global given on Wednesday, June 21. As per Wednesday, March 30, the company rating was downgraded by Seaport Global. The stock has “Hold” rating by BMO Capital Markets on Tuesday, October 10. The stock has “Buy” rating by Seaport Global on Friday, March 31. As per Tuesday, January 26, the company rating was maintained by Topeka Capital Markets. The rating was downgraded by JP Morgan to “Underweight” on Friday, December 15.

Laredo Petroleum, Inc. operates as an independent energy firm in the United States. The company has market cap of $2.00 billion. It operates through two divisions, Exploration and Production of Oil and Natural Gas Properties; and Midstream and Marketing. It has a 17.06 P/E ratio. It focuses on the acquisition, exploration, and development of oil and natural gas properties; and the transportation of oil and natural gas primarily in the Permian Basin in West Texas, as well as rig fuel, natural gas lift, and water delivery and takeaway services.

More important recent Laredo Petroleum, Inc. (NYSE:LPI) news were published by: Globenewswire.com which released: “Laredo Petroleum Announces 2017 Fourth-Quarter and Full-Year Financial and …” on February 14, 2018, also Fool.com published article titled: “Here’s Why Laredo Petroleum Inc’s Stock Is Sinking Today”, Globenewswire.com published: “Laredo Petroleum Announces Management Transition” on February 05, 2018. More interesting news about Laredo Petroleum, Inc. (NYSE:LPI) was released by: Globenewswire.com and their article: “Laredo Petroleum Announces $200 Million Share Repurchase Program” with publication date: February 14, 2018.

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