Laredo Petroleum, Inc. (NYSE:LPI – Get Rating) has been assigned a median score of “Maintain” from the seven analysts which might be at the moment overlaying the agency, MarketBeat.com reviews. Two equities analysis analysts have rated the inventory with a promote score, two have given a maintain score and two have assigned a purchase score to the corporate. The common 1-year value goal amongst analysts which have up to date their protection on the inventory within the final 12 months is $89.80.
LPI has been the subject of a number of current analyst reviews. StockNews.com initiated protection on shares of Laredo Petroleum in a analysis observe on Wednesday, October twelfth. They set a “maintain” score on the inventory. JPMorgan Chase & Co. lowered shares of Laredo Petroleum from a “impartial” score to an “underweight” score and set a $69.00 value goal on the inventory. in a analysis observe on Monday, December fifth. Raymond James reduce their value goal on shares of Laredo Petroleum from $75.00 to $63.00 and set an “outperform” score on the inventory in a analysis observe on Monday, December twelfth. Lastly, Piper Sandler lifted their value goal on shares of Laredo Petroleum from $71.00 to $72.00 and gave the corporate a “impartial” score in a analysis observe on Thursday, November seventeenth.
Laredo Petroleum Inventory Up 1.1 %
Laredo Petroleum stock opened at $48.09 on Friday. The corporate’s 50 day easy transferring common is $57.93 and its 200 day easy transferring common is $66.35. Laredo Petroleum has a fifty-two week low of $46.61 and a fifty-two week excessive of $120.86. The agency has a market capitalization of $808.59 million, a price-to-earnings ratio of 1.11 and a beta of three.31. The corporate has a debt-to-equity ratio of 1.18, a present ratio of 0.47 and a fast ratio of 0.47.
Laredo Petroleum (NYSE:LPI – Get Rating) final launched its quarterly earnings knowledge on Thursday, November third. The oil and gasoline producer reported $5.30 earnings per share for the quarter, lacking the consensus estimate of $6.53 by ($1.23). Laredo Petroleum had a return on fairness of 55.37% and a internet margin of 35.99%. The agency had income of $464.11 million for the quarter, in comparison with the consensus estimate of $350.79 million. As a gaggle, sell-side analysts anticipate that Laredo Petroleum will submit 21.99 EPS for the present 12 months.
In different information, CEO M. Jason Pigott offered 3,750 shares of Laredo Petroleum inventory in a transaction that occurred on Thursday, December 1st. The shares had been offered at a median value of $64.46, for a complete worth of $241,725.00. Following the sale, the chief govt officer now instantly owns 103,157 shares within the firm, valued at $6,649,500.22. The transaction was disclosed in a submitting with the Securities & Change Fee, which is on the market by way of the SEC website. Insiders have offered 11,250 shares of firm inventory price $678,825 during the last ninety days. Insiders personal 2.20% of the corporate’s inventory.
Institutional Buying and selling of Laredo Petroleum
Hedge funds and different institutional traders have lately made adjustments to their positions within the enterprise. Denali Advisors LLC acquired a brand new stake in shares of Laredo Petroleum within the second quarter valued at roughly $28,000. Nisa Funding Advisors LLC elevated its holdings in Laredo Petroleum by 57.5% through the second quarter. Nisa Funding Advisors LLC now owns 630 shares of the oil and gasoline producer’s inventory price $43,000 after shopping for a further 230 shares over the past quarter. CENTRAL TRUST Co acquired a brand new place in Laredo Petroleum through the third quarter price $47,000. KBC Group NV acquired a brand new place in Laredo Petroleum through the second quarter price $90,000. Lastly, Captrust Monetary Advisors elevated its holdings in Laredo Petroleum by 74.2% through the first quarter. Captrust Monetary Advisors now owns 1,197 shares of the oil and gasoline producer’s inventory price $95,000 after shopping for a further 510 shares over the past quarter. 81.46% of the inventory is at the moment owned by institutional traders and hedge funds.
About Laredo Petroleum
Laredo Petroleum, Inc engages within the exploration, growth and acquisition of oil and pure gasoline properties. It operates within the Permian Basin in West Texas. The corporate was based by Randy A. Foutch in October 2006 and is headquartered in Tulsa, OK.
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