Somewhat Positive Media Coverage Somewhat Unlikely to Impact Laredo Petroleum (LPI) Stock Price
Media headlines about Laredo Petroleum (NYSE:LPI) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Laredo Petroleum earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 46.3654148261828 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Investor’s Roundup (Intraday Analysis): Laredo Petroleum Inc (NYSE: LPI) – Alpha Beta Stock (alphabetastock.com)
- Laredo Petroleum (LPI) Shares Enter Oversold Territory – Nasdaq (nasdaq.com)
- ETFs with exposure to Laredo Petroleum, Inc. : November 20, 2017 (finance.yahoo.com)
- Laredo Petroleum, Inc. (LPI) Price Target Cut to $14.00 (americanbankingnews.com)
- Why to Keeping Eye on: Macy’s, Inc., (NYSE: M), Laredo Petroleum, Inc., (NYSE: LPI), Companhia de Saneamento … – Stocks In The News (press release) (tradingnewsnow.com)
Shares of Laredo Petroleum (NYSE LPI) traded down $0.03 during trading on Tuesday, reaching $10.00. The company had a trading volume of 2,995,010 shares, compared to its average volume of 3,675,583. The company has a market capitalization of $2,430.00, a price-to-earnings ratio of 20.26, a P/E/G ratio of 3.99 and a beta of 1.39. Laredo Petroleum has a 1-year low of $9.55 and a 1-year high of $16.47. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 4.16.
LPI has been the subject of a number of research reports. Zacks Investment Research cut Laredo Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Williams Capital raised their price objective on Laredo Petroleum from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, October 18th. BMO Capital Markets set a $14.00 price objective on Laredo Petroleum and gave the company a “hold” rating in a research note on Tuesday, October 10th. Seaport Global Securities reissued a “neutral” rating and issued a $9.50 price objective (down previously from $10.00) on shares of Laredo Petroleum in a research note on Monday, October 9th. Finally, Piper Jaffray Companies reduced their price objective on Laredo Petroleum from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $14.20.
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Laredo Petroleum Company Profile
Laredo Petroleum, Inc (Laredo) is an independent energy company. 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. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing.
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