Digging Up the Facts on Laredo Petroleum, Inc. (LPI)

Galtero Lara
Marcha 13, 2018

The rating was downgraded by J.P. Morgan on Friday, December 15 to "Sell". The institutional investor held 50,319 shares of the health care company at the end of 2017Q3, valued at $9.56 million, down from 52,119 at the end of the previous reported quarter. Flossbach Von Storch Ag who had been investing in Wal for a number of months, seems to be less bullish one the $260.45B market cap company. At the close of regular trading, its last week's stock price volatility was 2.82% which for the month reaches 3.64%. About 1.99 million shares traded or 32.73% up from the average. Carbonite, Inc. (NASDAQ:CARB) has risen 113.73% since March 12, 2017 and is uptrending. It has underperformed by 19.06% the S&P500.

Laredo Petroleum, Inc (Laredo) is an independent energy company. Columbia Pacific Advisors Llc sold 25,700 shares as the company's stock declined 8.43% while stock markets rallied. Ws Management Lllp holds 5.93M shares or 1.91% of its portfolio. That puts the market capitalization at $2.13 bln. It was last traded at $8.73 apiece. It is down 17.65% since March 9, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Laredo Petroleum, Inc. (NYSE:LPI) reported its EPS in the last quarter as $0.19/Share beating the analyst estimate of $0.18/Share by a difference of $0.01. Therefore 34% are positive.

In terms of Buy, Sell or Hold recommendations, Laredo Petroleum Holdings Inc (NYSE:LPI) has analysts' mean recommendation of 2.6.

Press coverage about Laredo Petroleum (NYSE:LPI) has trended somewhat positive on Saturday, according to Accern. (NYSE:LPI) has "Buy" rating given on Monday, November 20 by Piper Jaffray. Year to date performance remained at -15.55%.

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Tortoise Capital Advisors Llc decreased Laredo Petroleum Inc (LPI) stake by 27.73% reported in 2017Q3 SEC filing. The firm has "Hold" rating given on Tuesday, October 31 by Stifel Nicolaus.

Another recent and important Laredo Petroleum, Inc. The stock has a consensus rating of "Hold" and an average target price of $12.91. The firm has "Hold" rating given on Monday, August 29 by Williams Capital Group. (NYSE:LPI) earned "Sector Perform" rating by IBERIA on Tuesday, October 13. The company was upgraded on Monday, August 10 by Raymond James. UBS initiated it with "Neutral" rating and $14 target in Thursday, March 23 report. National Securities started coverage on Laredo Petroleum in a report on Tuesday, January 16th. (NYSE:LPI) to report earnings on May, 2. They expect $0.24 earnings per share, up 140.00% or $0.14 from last year's $0.1 per share. After $0.19 actual EPS reported by Laredo Petroleum, Inc. for the previous quarter, Wall Street now forecasts 26.32% EPS growth.

Investors sentiment increased to 1.27 in Q3 2017. Its up 0.26, from 0.94 in 2017Q2. In the event that the share repurchases occur, LPI intends to fund it with cash on hand along with its existing credit facility. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported. According to today's trading volume Laredo Petroleum, Inc.is BELOW its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days. Point72 Asia (Hong Kong) Limited accumulated 515 shares. 22,932 are owned by Hap Trading Lc. It also upped Oneok Inc New (NYSE:OKE) stake by 9.74 million shares and now owns 13.35M shares. (NYSE:LPI). Hamilton Lane Advsrs Ltd Liability Co holds 0.63% or 70,665 shares. Principal has invested 0% in Laredo Petroleum, Inc.

Bank of America "Maintained" Laredo Petroleum Holdings Inc (NYSE:LPI) in a research note issued to investors on 3/08/18 to Underperform with price target of $11.

Consequently Laredo Petroleum Holdings Inc (NYSE:LPI)'s weekly and monthly volatility is 3.49%, 5.32% respectively. (NYSE:CMI). Hbk Sorce Advisory Ltd Liability Corp reported 2,317 shares. Winfield Assocs holds 0% or 80 shares. (NYSE:LPI). Pub Employees Retirement Systems Of Ohio has 69,837 shares. 10,302 were reported by Evanson Asset Ltd Llc. Rothschild Asset Mgmt Incorporated invested in 2.51 million shares. Tortoise Llc accumulated 356,976 shares. Its up 6.52% from 8.18M shares previously. It also increased its holding in Newmont Mining (NYSE:NEM) by 198,935 shares in the quarter, for a total of 8.07 million shares, and has risen its stake in Tjx Companies (NYSE:TJX).

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