EPS for Laredo Petroleum, Inc. (LPI) Expected At $0.33

October 14, 2018 - By Peter Erickson

Laredo Petroleum, Inc. (NYSE:LPI) LogoInvestors sentiment decreased to 1.27 in 2018 Q2. Its down 0.16, from 1.43 in 2018Q1. It turned negative, as 30 investors sold Laredo Petroleum, Inc. shares while 36 reduced holdings. 29 funds opened positions while 55 raised stakes. 254.15 million shares or 4.84% more from 242.41 million shares in 2018Q1 were reported.
Moreover, Tower Research Cap Ltd Limited Liability Company (Trc) has 0% invested in Laredo Petroleum, Inc. (NYSE:LPI) for 480 shares. Voya Investment Management Llc stated it has 1.79M shares. Schwab Charles Investment Mgmt has 720,713 shares for 0.01% of their portfolio. Two Sigma Securities Limited has 17,746 shares for 0% of their portfolio. Bancorporation Of Montreal Can stated it has 85,178 shares. 40,224 were accumulated by Marshall Wace Llp. Panagora Asset Management owns 22,411 shares for 0% of their portfolio. Bokf Na reported 0.18% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). Manufacturers Life The holds 0% or 117,486 shares in its portfolio. Zebra Mngmt Ltd Com stated it has 103,928 shares or 0.43% of all its holdings. Credit Suisse Ag stated it has 114,063 shares. Wafra invested in 930,985 shares or 0.34% of the stock. 20,494 were reported by Proshare Advsr Ltd Com. Aqr Mgmt Ltd Com accumulated 0.06% or 5.70 million shares. D E Shaw & holds 0% or 141,285 shares in its portfolio.

Analysts expect Laredo Petroleum, Inc. (NYSE:LPI) to report $0.33 EPS on November, 7.They anticipate $0.20 EPS change or 153.85 % from last quarter’s $0.13 EPS. LPI’s profit would be $76.13 million giving it 4.91 P/E if the $0.33 EPS is correct. After having $0.25 EPS previously, Laredo Petroleum, Inc.’s analysts see 32.00 % EPS growth. The stock decreased 1.22% or $0.08 during the last trading session, reaching $6.48. About 6.23 million shares traded or 26.33% up from the average. Laredo Petroleum, Inc. (NYSE:LPI) has declined 30.66% since October 14, 2017 and is downtrending. It has underperformed by 46.28% the S&P500.

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

Among 4 analysts covering Laredo Petroleum (NYSE:LPI), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. Laredo Petroleum had 5 analyst reports since May 3, 2018 according to SRatingsIntel. The rating was downgraded by Robert W. Baird to “Hold” on Thursday, May 3. The stock has “Hold” rating by Williams Capital Group on Thursday, May 3. On Thursday, May 10 the stock rating was downgraded by Tudor Pickering to “Hold”. The stock of Laredo Petroleum, Inc. (NYSE:LPI) has “Underperform” rating given on Thursday, August 2 by Bank of America. On Monday, May 21 the stock rating was maintained by Williams Capital Group with “Hold”.

Laredo Petroleum, Inc. operates as an independent energy firm in the United States. The company has market cap of $1.50 billion. It operates through two divisions, Exploration and Production of Oil and Natural Gas Properties; and Midstream and Marketing. It has a 2.85 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.

Another recent and important Laredo Petroleum, Inc. (NYSE:LPI) news was published by Gurufocus.com which published an article titled: “Legacy Reserves: A Compelling Value Opportunity” on October 12, 2018.

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

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