Laredo Petroleum Inc (NYSE:LPI) – Equities research analysts at Seaport Global Securities decreased their FY2017 earnings per share estimates for Laredo Petroleum in a note issued to investors on Monday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas producer will earn $0.43 per share for the year, down from their previous estimate of $0.52. Seaport Global Securities also issued estimates for Laredo Petroleum’s Q4 2017 earnings at $0.10 EPS.

LPI has been the subject of a number of other reports. Zacks Investment Research lowered Laredo Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. National Securities assumed coverage on Laredo Petroleum in a report on Tuesday, January 16th. They set a “buy” rating for the company. Scotiabank set a $14.00 price objective on Laredo Petroleum and gave the stock a “hold” rating in a report on Wednesday, November 22nd. Barclays reissued a “buy” rating on shares of Laredo Petroleum in a report on Thursday, November 23rd. Finally, Williams Capital boosted their price objective on Laredo Petroleum from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.44.

Shares of Laredo Petroleum (NYSE:LPI) opened at $7.86 on Wednesday. Laredo Petroleum has a 12-month low of $7.82 and a 12-month high of $15.15. The company has a market capitalization of $1,910.00, a PE ratio of 15.72, a P/E/G ratio of 1.75 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.

Several hedge funds have recently added to or reduced their stakes in LPI. Principal Financial Group Inc. grew its holdings in shares of Laredo Petroleum by 28.2% in the second quarter. Principal Financial Group Inc. now owns 31,619 shares of the oil and gas producer’s stock valued at $333,000 after acquiring an additional 6,946 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Laredo Petroleum by 24.4% in the second quarter. Wells Fargo & Company MN now owns 218,884 shares of the oil and gas producer’s stock valued at $2,304,000 after acquiring an additional 42,994 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Laredo Petroleum by 3.4% in the second quarter. Teachers Advisors LLC now owns 172,159 shares of the oil and gas producer’s stock valued at $1,811,000 after acquiring an additional 5,701 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Laredo Petroleum by 0.7% in the second 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 acquiring an additional 2,945 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Laredo Petroleum by 102.9% in the second quarter. GSA Capital Partners LLP now owns 51,026 shares of the oil and gas producer’s stock valued at $537,000 after acquiring an additional 25,874 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.

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

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