Seaport Global Securities Analysts Reduce Earnings Estimates for Laredo Petroleum, Inc. (LPI)

Lloyd Doyle
October 20, 2017

LPI's SI was 21.37 million shares in October as released by FINRA. This works out to a net increase in ownership of 8.97 million shares, and suggests that institutions are feeling bullish about the stock. Laredo Petroleum has a 12 month low of $9.57 and a 12 month high of $16.47. Cardinal Ltd Liability Co Ct reported 1.22M shares. Needham maintained it with "Buy" rating and $57.0 target in Tuesday, October 10 report. It has outperformed by 0.95% the S&P500. At the moment, Laredo Petroleum, Inc. Capital Impact Advisors Llc sold 7,231 shares as Puma Biotechnology Inc (PBYI)'s stock declined 6.09%. Evanson Asset Management LLC bought a new stake in shares of Laredo Petroleum in the 2nd quarter worth approximately $108,000. Puma Biotechnology Inc now has $4.62B valuation. The stock decreased 1.69% or $0.21 during the last trading session, reaching $12.2. About 242,379 shares traded. It is down 20.72% since October 20, 2016 and is uptrending. It has outperformed by 6.95% the S&P500.

Institutions own 106.26% of Laredo Petroleum, Inc. The company has market cap of $2.96 billion. 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 has a 24.79 P/E ratio. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing.

Investors sentiment decreased to 0.94 in Q2 2017. The company has an Average True Range (ATR) value of 0.46, while a Beta Value of 1.42. 23 funds opened positions while 47 raised stakes. (LPI)'s shares. The total value of these holdings, in millions, is $3,144. D E Shaw owns 6,102 shares or 0% of their USA portfolio. The correct version of this report can be read at Numeric Investors Lc invested in 87,600 shares or 0.01% of the stock. Ngam L P accumulated 247,078 shares or 0.03% of the stock. Morgan Stanley, New York-based fund reported 56,310 shares. (NYSE:LPI) have been given an average recommendation of "Hold" by the twenty-two research firms that are covering the firm, reports.

KAGAN PETER on 2017-03-31 Sell 163207 shares of the company at a price of $14.34.

22 analysts on average are expecting Laredo Petroleum, report earnings of $0.15 per share for the current quarter. Therefore 44% are positive. The California-based California State Teachers Retirement Systems has invested 0.01% in Laredo Petroleum Inc (NYSE:LPI). The firm has "Hold" rating given on Friday, May 5 by Williams Capital Group. On Tuesday, February 21 the stock rating was upgraded by Piper Jaffray to "Overweight". The rating was maintained by Stifel Nicolaus with "Buy" on Thursday, July 13. Cowen and Company set a $12.00 target price on Laredo Petroleum and gave the stock a "hold" rating in a research report on Tuesday, July 18th. The firm has "Buy" rating given on Friday, April 21 by Barclays Capital. Vanguard Group Inc. now owns 16,083,332 shares of the oil and gas producer's stock worth $169,197,000 after purchasing an additional 1,176,608 shares in the last quarter. After $-2.10 actual EPS reported by Puma Biotechnology Inc for the previous quarter, Wall Street now forecasts 29.05% negative EPS growth. Its down 0.46, from 1.67 in 2017Q1. It turned negative, as 32 investors sold LPI shares while 49 reduced holdings. Heartland Incorporated reported 0.54% of its portfolio in CONMED Corporation (NASDAQ:CNMD). Third Point Llc acquired 300,000 shares as Dow Chem Co (DOW)'s stock rose 0.05%. Northwestern Mutual Wealth Management holds 498 shares. Marathon Capital Mgmt reported 0.89% stake. Natl Bank Of Montreal Can owns 1.03 million shares for 0.01% of their portfolio. Glenmede Na invested 0% of its portfolio in Puma Biotechnology Inc (NASDAQ:PBYI). Oxbow Advsr Ltd Llc holds 40,582 shares. Manufacturers Life Insur The holds 7,030 shares or 0% of its portfolio. Tekla Management Ltd accumulated 202,537 shares or 0.66% of the stock. The firm earned "Underperform" rating on Thursday, October 13 by Credit Suisse. Prudential Inc reported 3,455 shares or 0% of all its holdings.

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