Today Williams Capital Reiterates a Hold Rating on Laredo Petroleum (NYSE:LPI) and a $12.0000 Target Price

May 23, 2018 - By Ash

Laredo Petroleum, Inc. (NYSE:LPI) Logo

Investors sentiment increased to 1.39 in Q4 2017. Its up 0.19, from 1.2 in 2017Q3. It is positive, as 17 investors sold Laredo Petroleum, Inc. shares while 40 reduced holdings. 29 funds opened positions while 50 raised stakes. 251.28 million shares or 1.13% less from 254.15 million shares in 2017Q3 were reported.

Moreover, Utah Retirement Systems has 0.01% invested in Laredo Petroleum, Inc. (NYSE:LPI) for 30,066 shares. Fund Mgmt holds 0.03% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI) for 501,419 shares. Raymond James Financial Svcs holds 29,209 shares or 0% of its portfolio. Guggenheim Cap Limited Company reported 0% in Laredo Petroleum, Inc. (NYSE:LPI). California State Teachers Retirement Systems accumulated 257,209 shares. Qs Limited Liability Com reported 0% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). First Quadrant Lp Ca invested in 1.07 million shares. Geode Capital Mgmt Limited reported 1.13M shares. American Century Inc owns 148,992 shares for 0% of their portfolio. Prudential accumulated 1.25M shares. State Street invested in 5.74 million shares or 0% of the stock. Barclays Plc holds 0% in Laredo Petroleum, Inc. (NYSE:LPI) or 94,317 shares. Citadel Advsr Llc reported 0% stake. Invesco Ltd accumulated 3.24 million shares. New York-based Hrt Fincl Ltd has invested 0.12% in Laredo Petroleum, Inc. (NYSE:LPI).

Laredo Petroleum (NYSE:LPI) Rating Reaffirmed

In a note sent to clients and investors this morning, Williams Capital restate their Hold rating on Laredo Petroleum (NYSE:LPI) shares. The target price means a possible upside of 26.32 % from company’s previous close.

Laredo Petroleum, Inc. (NYSE:LPI) Ratings Coverage

Among 12 analysts covering Laredo Petroleum (NYSE:LPI), 2 have Buy rating, 3 Sell and 7 Hold. Therefore 17% are positive. Laredo Petroleum has $16.0 highest and $10.0 lowest target. $12.10’s average target is 27.37% above currents $9.5 stock price. Laredo Petroleum had 18 analyst reports since December 11, 2017 according to SRatingsIntel. The stock of Laredo Petroleum, Inc. (NYSE:LPI) earned “Hold” rating by BMO Capital Markets on Monday, March 12. Williams Capital Group maintained it with “Hold” rating and $13.0 target in Thursday, January 25 report. The company was maintained on Thursday, February 15 by Williams Capital Group. The rating was reinitiated by Robert W. Baird with “Outperform” on Tuesday, December 19. The firm has “Buy” rating given on Tuesday, January 9 by Piper Jaffray. The stock of Laredo Petroleum, Inc. (NYSE:LPI) earned “Buy” rating by Stifel Nicolaus on Monday, January 29. JP Morgan downgraded Laredo Petroleum, Inc. (NYSE:LPI) on Friday, December 15 to “Underweight” rating. Credit Suisse initiated Laredo Petroleum, Inc. (NYSE:LPI) on Monday, December 11 with “Hold” rating. The rating was maintained by Bank of America with “Underperform” on Thursday, March 8. BMO Capital Markets maintained Laredo Petroleum, Inc. (NYSE:LPI) rating on Thursday, January 11. BMO Capital Markets has “Hold” rating and $12.0 target.

The stock decreased 2.66% or $0.26 during the last trading session, reaching $9.5. About 2.05M shares traded. Laredo Petroleum, Inc. (NYSE:LPI) has declined 35.20% since May 23, 2017 and is downtrending. It has underperformed by 46.75% the S&P500.

Analysts await Laredo Petroleum, Inc. (NYSE:LPI) to report earnings on August, 6. They expect $0.26 EPS, up 160.00 % or $0.16 from last year’s $0.1 per share. LPI’s profit will be $60.76 million for 9.13 P/E if the $0.26 EPS becomes a reality. After $0.24 actual EPS reported by Laredo Petroleum, Inc. for the previous quarter, Wall Street now forecasts 8.33 % EPS growth.

Laredo Petroleum, Inc. operates as an independent energy firm in the United States. The company has market cap of $2.22 billion. It operates through two divisions, Exploration and Production of Oil and Natural Gas Properties; and Midstream and Marketing. It has a 4.15 P/E ratio. It focuses on the acquisition, exploration, and development of oil and natural gas properties; and the transportation of oil and natural gas primarily in the Permian Basin in West Texas, as well as rig fuel, natural gas lift, and water delivery and takeaway services.

More news for Laredo Petroleum, Inc. (NYSE:LPI) were recently published by: Seekingalpha.com, which released: “Laredo Petroleum (LPI) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Globenewswire.com‘s article titled: “Laredo Petroleum Announces 2018 First-Quarter Financial and Operating Results” and published on May 02, 2018 is yet another important article.

Laredo Petroleum, Inc. (NYSE:LPI) Institutional Positions Chart

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