Wall Street brokerages expect Laredo Petroleum Inc (NYSE:LPI) to report sales of $204.11 million for the current quarter, according to Zacks. Four analysts have made estimates for Laredo Petroleum’s earnings. The highest sales estimate is $222.69 million and the lowest is $190.00 million. Laredo Petroleum posted sales of $215.29 million during the same quarter last year, which would indicate a negative year over year growth rate of 5.2%. The company is expected to announce its next quarterly earnings results on Wednesday, February 12th.

On average, analysts expect that Laredo Petroleum will report full-year sales of $852.57 million for the current financial year, with estimates ranging from $809.00 million to $909.38 million. For the next financial year, analysts forecast that the company will report sales of $836.23 million, with estimates ranging from $816.00 million to $863.86 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Laredo Petroleum.

Laredo Petroleum (NYSE:LPI) last issued its quarterly earnings data on Tuesday, November 5th. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The company had revenue of $193.57 million for the quarter, compared to the consensus estimate of $215.83 million. Laredo Petroleum had a return on equity of 14.25% and a net margin of 5.87%. During the same quarter last year, the business posted $0.27 earnings per share.

A number of research firms have recently issued reports on LPI. Zacks Investment Research lowered Laredo Petroleum from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. ValuEngine upgraded Laredo Petroleum from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Finally, Williams Capital set a $4.50 price objective on Laredo Petroleum and gave the stock a “buy” rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $4.55.

A number of large investors have recently bought and sold shares of the business. JS Capital Management LLC purchased a new position in shares of Laredo Petroleum in the 3rd quarter valued at approximately $368,000. Metropolitan Life Insurance Co NY increased its position in Laredo Petroleum by 18.5% during the third quarter. Metropolitan Life Insurance Co NY now owns 61,562 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 9,604 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Laredo Petroleum by 309.8% in the third quarter. Millennium Management LLC now owns 5,171,889 shares of the oil and gas producer’s stock worth $12,464,000 after acquiring an additional 3,909,877 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Laredo Petroleum by 83.7% in the third quarter. Squarepoint Ops LLC now owns 548,160 shares of the oil and gas producer’s stock worth $1,321,000 after acquiring an additional 249,759 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Laredo Petroleum by 54.4% in the third quarter. Barclays PLC now owns 749,735 shares of the oil and gas producer’s stock worth $1,807,000 after acquiring an additional 264,239 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

LPI traded down $0.02 during trading on Friday, reaching $2.15. The company’s stock had a trading volume of 1,082,904 shares, compared to its average volume of 4,557,585. The company has a market cap of $512.21 million, a price-to-earnings ratio of 2.31 and a beta of 1.70. The firm has a fifty day simple moving average of $2.35 and a two-hundred day simple moving average of $2.64. Laredo Petroleum has a 1 year low of $2.03 and a 1 year high of $5.13. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.92.

About Laredo Petroleum

Laredo Petroleum, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company also provides midstream and marketing services comprising transportation and marketing of oil and natural gas; and natural gas lift systems, crude oil and natural gas gathering, and water delivery and takeaway services.

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

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