Analysts Set Laredo Petroleum Inc (LPI) PT at $12.97

Lloyd Doyle
March 13, 2018

This company shares (LPI) so far managed to recover 17.81% since collapsing to its 52-week low. Given Laredo Petroleum's higher probable upside, equities analysts clearly believe Laredo Petroleum is more favorable than ConocoPhillips. The stock decreased 0.23% or $0.02 during the last trading session, reaching $8.71.

On the other hand the company has Relative Strength Index (RSI 14) of 46.96 along with Average True Range (ATR 14) of 0.43, Consequently Laredo Petroleum Holdings Inc (NYSE:LPI)'s weekly and monthly volatility is 3.35%, 4.92% respectively. It has outperformed by 0.95% the S&P500. Parsley Energy Inc (NYSE:PE) was raised too. Feb 7, 2018 is the announcement. At one point in the past year, the shares traded as low as $45.15 but has recovered 16.28% since then. Anthem, Inc. (NYSE:ANTM) has risen 31.86% since March 13, 2017 and is uptrending. It has underperformed by 2.87% the S&P500.

Investors sentiment increased to 1.39 in 2017 Q3. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.85 and a current ratio of 0.85.

Wall Street analysts are predicting that Laredo Petroleum Holdings Inc (NYSE:LPI) will report earnings per share of $0.26 in their quarterly report. 92 funds opened positions while 249 raised stakes. The oil and gas producer reported $0.19 EPS for the quarter, beating the Zacks' consensus estimate of $0.18 by $0.01.

Laredo Petroleum Holdings Inc (NYSE:LPI)'s trailing twelve month revenues are $822.2 Million, whereas its price to sales ratio for the same period is 2.48.

Laredo Petroleum Holdings Inc (NYSE:LPI) up 3.7% to close at the price of $8.96. (NYSE:LPI). Caxton Assoc Ltd Partnership holds 531,785 shares or 0.25% of its portfolio. Cowen & Co maintained it with "Hold" rating and $12.0 target in Friday, September 15 report. (NYSE:LPI) rating on Monday, June 26. It increased, as 23 investors sold LPI shares while 41 reduced holdings. Vaughan Nelson Investment Mngmt LP has invested 0.6% in Laredo Petroleum, Inc. (NYSE:LPI). Pub Employees Retirement Systems Of Ohio has 69,837 shares. Lakeview Limited Liability holds 0.24% or 1,816 shares in its portfolio. They expect $5.12 earnings per share, up 9.40% or $0.44 from last year's $4.68 per share. (NYSE:CMI). Hbk Sorce Advisory Ltd Liability Corp reported 2,317 shares. It also reduced Fidelity Overseas Fd stake by 6,809 shares and now owns 314,755 shares. (NYSE:LPI). Corecommodity Lc reported 0.3% stake. Tortoise Llc accumulated 356,976 shares.

Laredo Petroleum Inc (NYSE:LPI) has received a consensus recommendation of "Hold" from the twenty-one research firms that are presently covering the company, reports. Therefore 41% are positive. Laredo Petroleum has a 52-week low of $7.41 and a 52-week high of $15.15. The average 1 year price target among brokers that have issued a report on the stock in the last year is $12.97. Rampart Mngmt Limited Liability stated it has 1,897 shares or 0.11% of all its holdings. Laredo Petroleum had a net margin of 66.77% and a return on equity of 30.02%. Williams Capital reiterated a "hold" rating and issued a $11.00 price target on shares of Laredo Petroleum in a report on Thursday, February 15th. IBERIA downgraded Laredo Petroleum, Inc. (NYSE:LPI) earned "Underperform" rating by Bank of America on Tuesday, August 8. Flossbach Von Storch Ag sold 10,088 shares as the company's stock rose 13.55% with the market. The company was maintained on Wednesday, August 12 by Credit Suisse. (NYSE:LPI) rating on Monday, April 3. (NASDAQ:CARB) on Monday, September 21 to "Sell" rating. Clifford Swan Invest Counsel Llc stated it has 0.22% in Cummins Inc.

Analysts are expecting average earnings estimates of $0.26 for the current quarter based on the opinion of 18 analysts, relating to high earnings per share estimates of $0.4 and low estimates of $0.19, however Laredo Petroleum Holdings Inc (NYSE:LPI) reported $0.1 earnings per share for the same quarter a year ago. The firm has a market capitalization of $2,250.00, a price-to-earnings ratio of 3.93, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. It operates through two divisions, Exploration and Production of Oil and Natural Gas Properties; and Midstream and Marketing.

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