Shares of Laredo Petroleum, Inc. (NYSE:LPI) have earned an average recommendation of “Hold” from the twenty-two research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $14.17.

Several analysts recently issued reports on LPI shares. Zacks Investment Research cut Laredo Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. BMO Capital Markets cut their price objective 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. Williams Capital boosted their price objective 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. Barclays cut their price objective on shares of Laredo Petroleum from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, November 20th. Finally, Piper Jaffray Companies cut their price objective on shares of Laredo Petroleum from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, September 18th.

Shares of Laredo Petroleum (NYSE LPI) traded down $0.51 during trading hours on Thursday, hitting $9.49. The stock had a trading volume of 3,335,691 shares, compared to its average volume of 2,457,748. Laredo Petroleum has a 52-week low of $9.46 and a 52-week high of $15.55. The company has a market capitalization of $2,301.44, a PE ratio of 19.37, a P/E/G ratio of 3.78 and a beta of 1.33. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 4.16.

Laredo Petroleum (NYSE:LPI) last posted 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). The business had revenue of $205.82 million during the quarter, compared to the consensus estimate of $178.48 million. Laredo Petroleum had a return on equity of 43.77% and a net margin of 15.92%. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 earnings per share. research analysts expect that Laredo Petroleum will post 0.5 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Aperio Group LLC grew its stake in Laredo Petroleum by 23.7% in the 2nd quarter. Aperio Group LLC now owns 23,504 shares of the oil and gas producer’s stock worth $247,000 after acquiring an additional 4,499 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Laredo Petroleum by 32.5% in 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 boosted its stake in Laredo Petroleum by 1.6% in 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. boosted its stake in Laredo Petroleum by 21.7% in 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 boosted its stake in Laredo Petroleum by 3.8% in 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.

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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.

Analyst Recommendations for Laredo Petroleum (NYSE:LPI)

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