Laredo Petroleum Inc (NYSE:LPI) – Equities researchers at Seaport Global Securities boosted their Q1 2018 EPS estimates for shares of Laredo Petroleum in a report issued on Monday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas producer will earn $0.26 per share for the quarter, up from their prior estimate of $0.22. Seaport Global Securities has a “Neutral” rating and a $9.50 price objective on the stock. Seaport Global Securities also issued estimates for Laredo Petroleum’s Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.28 EPS, Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $1.07 EPS.

Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Laredo Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Credit Suisse Group started coverage on shares of Laredo Petroleum in a research report on Monday, December 11th. They issued a “neutral” rating and a $12.00 price target for the company. Williams Capital upped their price target on shares of Laredo Petroleum from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, October 18th. BMO Capital Markets reduced their price target on shares of Laredo Petroleum from $14.00 to $11.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. 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 investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. Laredo Petroleum has a consensus rating of “Hold” and an average target price of $13.44.

Shares of Laredo Petroleum (NYSE LPI) opened at $8.77 on Tuesday. Laredo Petroleum has a 12-month low of $8.64 and a 12-month high of $15.15. The company has a market cap of $2,192.31, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.76 and a beta of 1.21. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.64 and a quick ratio of 0.64.

A number of institutional investors and hedge funds have recently made changes to their positions in LPI. Principal Financial Group Inc. increased its stake in Laredo Petroleum by 28.2% in the 2nd quarter. Principal Financial Group Inc. now owns 31,619 shares of the oil and gas producer’s stock valued at $333,000 after buying an additional 6,946 shares during the period. JPMorgan Chase & Co. increased its stake in Laredo Petroleum by 28.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 376,349 shares of the oil and gas producer’s stock valued at $3,960,000 after buying an additional 82,340 shares during the period. Wells Fargo & Company MN increased its stake in Laredo Petroleum by 24.4% in the 2nd quarter. Wells Fargo & Company MN now owns 218,884 shares of the oil and gas producer’s stock valued at $2,304,000 after buying an additional 42,994 shares during the period. Teachers Advisors LLC increased its stake in Laredo Petroleum by 3.4% in the 2nd quarter. Teachers Advisors LLC now owns 172,159 shares of the oil and gas producer’s stock valued at $1,811,000 after buying an additional 5,701 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in Laredo Petroleum by 0.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 447,135 shares of the oil and gas producer’s stock valued at $4,704,000 after buying an additional 2,945 shares during the period.

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About Laredo Petroleum

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.

Earnings History and Estimates for Laredo Petroleum (NYSE:LPI)

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