Laredo Petroleum, Inc. (NYSE:LPI) – Equities researchers at KeyCorp upped their FY2017 earnings per share estimates for shares of Laredo Petroleum in a research report issued to clients and investors on Tuesday. KeyCorp analyst C. Stevens now anticipates that the brokerage will post earnings per share of $0.68 for the year, up from their previous estimate of $0.48.

Laredo Petroleum (NYSE:LPI) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.12 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.12. The company had revenue of $159.70 million for the quarter, compared to the consensus estimate of $150.09 million. Laredo Petroleum had a negative net margin of 225.04% and a positive return on equity of 123.07%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 earnings per share. ILLEGAL ACTIVITY NOTICE: This piece was reported by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another site, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be read at http://www.dailypolitical.com/2017/01/13/keycorp-brokers-lift-earnings-estimates-for-laredo-petroleum-inc-lpi.html.

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

A number of other research analysts also recently issued reports on LPI. Zacks Investment Research downgraded shares of Laredo Petroleum from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Barclays PLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Laredo Petroleum in a research report on Wednesday, November 16th. J P Morgan Chase & Co reaffirmed a “hold” rating on shares of Laredo Petroleum in a research report on Thursday, November 3rd. Credit Suisse Group downgraded shares of Laredo Petroleum from a “neutral” rating to an “underperform” rating and set a $9.00 price objective on the stock. in a research report on Thursday, October 13th. Finally, Drexel Hamilton started coverage on shares of Laredo Petroleum in a research report on Thursday, December 15th. They issued a “buy” rating and a $18.75 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. Laredo Petroleum has an average rating of “Hold” and an average price target of $12.77.

Shares of Laredo Petroleum (NYSE:LPI) traded down 1.84% on Friday, reaching $13.87. 1,074,915 shares of the company were exchanged. The stock’s market capitalization is $3.30 billion. Laredo Petroleum has a 52 week low of $3.90 and a 52 week high of $16.47. The firm’s 50 day moving average price is $14.46 and its 200 day moving average price is $12.62.

ILLEGAL ACTIVITY NOTICE: This piece was reported by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another site, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be read at http://www.dailypolitical.com/2017/01/13/keycorp-brokers-lift-earnings-estimates-for-laredo-petroleum-inc-lpi.html.

Several institutional investors have recently bought and sold shares of LPI. Visium Asset Management LP purchased a new position in Laredo Petroleum during the second quarter valued at about $111,000. Alambic Investment Management L.P. bought a new position in Laredo Petroleum during the third quarter worth $141,000. Seven Eight Capital LLC bought a new position in Laredo Petroleum during the second quarter worth $115,000. TradeLink Capital LLC bought a new position in Laredo Petroleum during the third quarter worth $156,000. Finally, Jane Street Group LLC bought a new position in Laredo Petroleum during the second quarter worth $130,000.

About Laredo Petroleum

Laredo Petroleum, Inc (Laredo) is an independent energy company 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. The Company’s segments include Exploration and production, and Midstream and marketing.

5 Day Chart for NYSE:LPI

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