Sentiment for Laredo Petroleum Inc (NYSE:LPI)
Laredo Petroleum Inc (NYSE:LPI) institutional sentiment decreased to 1.1 in 2018 Q4. Its down -1.02, from 2.12 in 2018Q3. The ratio worsened, as 88 hedge funds increased or opened new stock positions, while 80 reduced and sold their positions in Laredo Petroleum Inc. The hedge funds in our partner’s database now have: 229.88 million shares, down from 238.20 million shares in 2018Q3. Also, the number of hedge funds holding Laredo Petroleum Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 30 Reduced: 50 Increased: 60 New Position: 28.
Laredo Petroleum, Inc. operates as an independent energy firm in the United States. The company has market cap of $711.01 million. It operates through two divisions, Exploration and Production of Oil and Natural Gas Properties; and Midstream and Marketing. It has a 2.23 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.
The stock increased 4.92% or $0.145 during the last trading session, reaching $3.095. About 2.67M shares traded. Laredo Petroleum, Inc. (NYSE:LPI) has declined 59.26% since March 12, 2018 and is downtrending. It has underperformed by 63.63% the S&P500.
Analysts await Laredo Petroleum, Inc. (NYSE:LPI) to report earnings on May, 1. They expect $0.10 EPS, down 58.33 % or $0.14 from last year’s $0.24 per share. LPI’s profit will be $22.97 million for 7.74 P/E if the $0.10 EPS becomes a reality. After $0.16 actual EPS reported by Laredo Petroleum, Inc. for the previous quarter, Wall Street now forecasts -37.50 % negative EPS growth.
Sailingstone Capital Partners Llc holds 8.99% of its portfolio in Laredo Petroleum, Inc. for 38.19 million shares. Warburg Pincus Llc owns 51.17 million shares or 5.51% of their US portfolio. Moreover, Ws Management Lllp has 1.01% invested in the company for 5.74 million shares. The Bahamas-based Key Group Holdings (Cayman) Ltd. has invested 0.77% in the stock. Piermont Capital Management Inc., a Missouri-based fund reported 175,310 shares.
Laredo Petroleum, Inc. (NYSE:LPI) Ratings Coverage
Ratings analysis reveals 0 of Laredo Petroleum’s analysts are positive. Out of 5 Wall Street analysts rating Laredo Petroleum, 0 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $3 while the high is $3. The stock’s average target of $3 is -3.07% below today’s ($3.095) share price. LPI was included in 5 notes of analysts from January 4, 2019. Robert W. Baird maintained Laredo Petroleum, Inc. (NYSE:LPI) rating on Friday, January 4. Robert W. Baird has “Neutral” rating and $3 target. The company was downgraded on Wednesday, January 9 by PiperJaffray. The rating was downgraded by M Partners on Friday, February 15 to “Neutral”. As per Friday, February 15, the company rating was downgraded by Societe Generale. As per Thursday, February 14, the company rating was maintained by Williams Capital Group.
More notable recent Laredo Petroleum, Inc. (NYSE:LPI) news were published by: Globenewswire.com which released: “New Research: Key Drivers of Growth for DISH Network, Avon Products, Merck & Co., Laredo Petroleum, Health Insurance Innovations, and Bruker â€” Factors of Influence, Major Initiatives and Sustained Production – GlobeNewswire” on February 20, 2019, also Seekingalpha.com with their article: “Laredo Petroleum Gets A Nudge To Triple Its Stock Price From SailingStone – Seeking Alpha” published on March 11, 2019, Seekingalpha.com published: “Laredo Petroleum Q4 2018 Earnings Preview – Seeking Alpha” on February 12, 2019. More interesting news about Laredo Petroleum, Inc. (NYSE:LPI) were released by: Benzinga.com and their article: “10 Biggest Price Target Changes For Friday – Benzinga” published on February 15, 2019 as well as Globenewswire.com‘s news article titled: “Laredo Petroleum Announces 2018 Fourth-Quarter and Full-Year Financial and Operating Results – GlobeNewswire” with publication date: February 13, 2019.