Impact of Brokerage Rating on Laredo Petroleum, Inc.(LPI)

Many Laredo Petroleum, Inc.(LPI) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Laredo Petroleum Inc was Upgraded by SunTrust to Buy on Jan 20, 2017. Laredo Petroleum Inc was Upgraded by Tudor Pickering to Buy on Jan 18, 2017.

Company has reported several Insider transactions to the SEC, on Aug 31, 2016, Patrick J Curth (Sr. VP – Exploration & Land) sold 17,000 shares at 12.57 per share price.On Apr 4, 2016, Randy A Foutch (CEO) purchased 22,072 shares at 4.52 per share price.

Laredo Petroleum Inc Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.12 EPS for the quarter. Analyst had a consensus estimate of $0.12. The company had revenue of $159.70 million for the quarter, compared to analysts expectations of $133.91 million. The companys revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Laredo Petroleum, Inc. (NYSE:LPI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.16 by 19 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 9 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

Laredo Petroleum, Inc. (NYSE:LPI): The stock price is expected to reach $ 15.55 in the short term. The number of analysts agreeing with this consensus is 16. The higher estimate for the short term price target is at $20 while the lower estimate is at $8. The standard deviation of the price stands at $2.9.

Laredo Petroleum, Inc. (NYSE:LPI) rose 1.42% or 0.2 points on Tuesday and made its way into the gainers of the day. After trading began at $14.2 the stock was seen hitting $14.38 as a peak level and $13.79 as the lowest level. The stock ended up at $14.31. The daily volume was measured at 2,351,198 shares. The 52-week high of the share price is $16.47 and the 52-week low is $3.9. The company has a market cap of $3,462 million.

Laredo Petroleum Holdings, Inc. is engaged in the exploration, development and acquisition of oil and natural gas properties in the Permian and Mid-Continent regions of the United States. Laredo Petroleum Holdings, Inc. is headquartered in Tulsa, Oklahoma.

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For any feedback and suggestions contact author at Lisa.Tynan@thefoundersdaily.com

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