Tortoise Capital Advisors L.L.C. decreased its holdings in shares of Laredo Petroleum, Inc. (NYSE:LPI) by 27.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 356,976 shares of the oil and gas producer’s stock after selling 136,998 shares during the period. Tortoise Capital Advisors L.L.C. owned 0.15% of Laredo Petroleum worth $4,616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aperio Group LLC increased its position in shares of Laredo Petroleum by 23.7% during the second quarter. Aperio Group LLC now owns 23,504 shares of the oil and gas producer’s stock valued at $247,000 after acquiring an additional 4,499 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Laredo Petroleum by 32.5% during the second quarter. Russell Investments Group Ltd. now owns 45,411 shares of the oil and gas producer’s stock valued at $478,000 after acquiring an additional 11,150 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Laredo Petroleum by 1.6% during the second quarter. Public Employees Retirement Association of Colorado now owns 35,230 shares of the oil and gas producer’s stock valued at $371,000 after acquiring an additional 546 shares in the last quarter. Sei Investments Co. increased its position in shares of Laredo Petroleum by 21.7% during the second quarter. Sei Investments Co. now owns 382,825 shares of the oil and gas producer’s stock valued at $4,027,000 after acquiring an additional 68,320 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Laredo Petroleum by 3.8% during the second quarter. Teacher Retirement System of Texas now owns 12,884 shares of the oil and gas producer’s stock valued at $136,000 after acquiring an additional 468 shares in the last quarter.

Shares of Laredo Petroleum, Inc. (LPI) traded down $0.25 during mid-day trading on Friday, reaching $10.00. 2,220,900 shares of the company traded hands, compared to its average volume of 3,599,094. Laredo Petroleum, Inc. has a 52 week low of $9.55 and a 52 week high of $15.55. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 4.16. The stock has a market capitalization of $2,485.75, a PE ratio of 20.92, a P/E/G ratio of 4.08 and a beta of 1.33.

Laredo Petroleum (NYSE:LPI) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). Laredo Petroleum had a return on equity of 43.77% and a net margin of 15.92%. The company had revenue of $205.82 million during the quarter, compared to analysts’ expectations of $178.48 million. During the same quarter in the prior year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. analysts predict that Laredo Petroleum, Inc. will post 0.5 EPS for the current year.

Several brokerages recently weighed in on LPI. Zacks Investment Research downgraded shares of Laredo Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Cowen reissued a “hold” rating and set a $12.00 price target on shares of Laredo Petroleum in a research report on Sunday, September 17th. KeyCorp reissued a “hold” rating on shares of Laredo Petroleum in a research report on Friday, September 1st. Seaport Global Securities reissued a “neutral” rating and set a $9.50 price target (down previously from $10.00) on shares of Laredo Petroleum in a research report on Monday, October 9th. Finally, Scotiabank set a $14.00 price target on shares of Laredo Petroleum and gave the company a “hold” rating in a research report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Laredo Petroleum presently has a consensus rating of “Hold” and a consensus price target of $14.08.

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Laredo Petroleum 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.

Institutional Ownership by Quarter for Laredo Petroleum (NYSE:LPI)

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