Q3 2017 EPS Estimates for Laredo Petroleum, Inc. (LPI) Increased by Seaport Global Securities

Laredo Petroleum, Inc. (NYSE:LPI) – Analysts at Seaport Global Securities lifted their Q3 2017 earnings per share (EPS) estimates for shares of Laredo Petroleum in a research report issued to clients and investors on Monday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will post earnings of $0.14 per share for the quarter, up from their prior forecast of $0.12. Seaport Global Securities currently has a “Neutral” rating and a $9.50 target price on the stock. Seaport Global Securities also issued estimates for Laredo Petroleum’s Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.11 EPS and Q4 2018 earnings at $0.11 EPS.

Several other brokerages have also recently commented on LPI. Zacks Investment Research raised Laredo Petroleum from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BMO Capital Markets reaffirmed a “hold” rating and issued a $14.00 target price on shares of Laredo Petroleum in a research report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $17.00 target price on shares of Laredo Petroleum in a research report on Wednesday, October 4th. KeyCorp reaffirmed a “hold” rating on shares of Laredo Petroleum in a research report on Friday, September 1st. Finally, Williams Capital set a $14.00 target price on Laredo Petroleum and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.68.

TRADEMARK VIOLATION WARNING: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/11/q3-2017-eps-estimates-for-laredo-petroleum-inc-lpi-increased-by-seaport-global-securities.html.

Laredo Petroleum (NYSE LPI) opened at 12.67 on Tuesday. The firm has a market capitalization of $3.03 billion, a PE ratio of 25.60 and a beta of 1.44. The firm’s 50-day moving average is $12.44 and its 200-day moving average is $12.30. Laredo Petroleum has a 12 month low of $9.57 and a 12 month high of $16.47.

Laredo Petroleum (NYSE:LPI) last announced its quarterly earnings results on Monday, August 7th. The oil and gas producer reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $187.00 million for the quarter, compared to analyst estimates of $173.32 million. Laredo Petroleum had a net margin of 16.73% and a return on equity of 49.15%. The company’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Laredo Petroleum by 3.9% during the second quarter. Public Employees Retirement System of Ohio now owns 72,037 shares of the oil and gas producer’s stock valued at $758,000 after acquiring an additional 2,699 shares during the period. Koch Industries Inc. bought a new position in shares of Laredo Petroleum during the second quarter valued at $129,000. Caxton Associates LP bought a new position in shares of Laredo Petroleum during the second quarter valued at $6,819,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Laredo Petroleum by 455.0% during the second quarter. Cubist Systematic Strategies LLC now owns 65,868 shares of the oil and gas producer’s stock valued at $693,000 after acquiring an additional 53,999 shares during the period. Finally, State Street Corp lifted its holdings in shares of Laredo Petroleum by 15.9% during the second quarter. State Street Corp now owns 5,810,244 shares of the oil and gas producer’s stock valued at $61,121,000 after acquiring an additional 799,073 shares during the period.

About Laredo Petroleum

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

Laredo Petroleum, Inc. (NYSE:LPI) – Analysts at Seaport Global Securities lifted their Q3 2017 earnings per share (EPS) estimates for shares of Laredo Petroleum in a research report issued to clients and investors on Monday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will post earnings of $0.14 per share for the quarter, up from their prior forecast of $0.12. Seaport Global Securities currently has a “Neutral” rating and a $9.50 target price on the stock. Seaport Global Securities also issued estimates for Laredo Petroleum’s Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.11 EPS and Q4 2018 earnings at $0.11 EPS.

Several other brokerages have also recently commented on LPI. Zacks Investment Research raised Laredo Petroleum from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BMO Capital Markets reaffirmed a “hold” rating and issued a $14.00 target price on shares of Laredo Petroleum in a research report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $17.00 target price on shares of Laredo Petroleum in a research report on Wednesday, October 4th. KeyCorp reaffirmed a “hold” rating on shares of Laredo Petroleum in a research report on Friday, September 1st. Finally, Williams Capital set a $14.00 target price on Laredo Petroleum and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.68.

TRADEMARK VIOLATION WARNING: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/11/q3-2017-eps-estimates-for-laredo-petroleum-inc-lpi-increased-by-seaport-global-securities.html.

Laredo Petroleum (NYSE LPI) opened at 12.67 on Tuesday. The firm has a market capitalization of $3.03 billion, a PE ratio of 25.60 and a beta of 1.44. The firm’s 50-day moving average is $12.44 and its 200-day moving average is $12.30. Laredo Petroleum has a 12 month low of $9.57 and a 12 month high of $16.47.

Laredo Petroleum (NYSE:LPI) last announced its quarterly earnings results on Monday, August 7th. The oil and gas producer reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $187.00 million for the quarter, compared to analyst estimates of $173.32 million. Laredo Petroleum had a net margin of 16.73% and a return on equity of 49.15%. The company’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Laredo Petroleum by 3.9% during the second quarter. Public Employees Retirement System of Ohio now owns 72,037 shares of the oil and gas producer’s stock valued at $758,000 after acquiring an additional 2,699 shares during the period. Koch Industries Inc. bought a new position in shares of Laredo Petroleum during the second quarter valued at $129,000. Caxton Associates LP bought a new position in shares of Laredo Petroleum during the second quarter valued at $6,819,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Laredo Petroleum by 455.0% during the second quarter. Cubist Systematic Strategies LLC now owns 65,868 shares of the oil and gas producer’s stock valued at $693,000 after acquiring an additional 53,999 shares during the period. Finally, State Street Corp lifted its holdings in shares of Laredo Petroleum by 15.9% during the second quarter. State Street Corp now owns 5,810,244 shares of the oil and gas producer’s stock valued at $61,121,000 after acquiring an additional 799,073 shares during the period.

About Laredo Petroleum

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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