Stock Worth Watching: Laredo Petroleum Inc’s Stock Is Buy After Today’s Big Increase

Stock Worth Watching: Laredo Petroleum Inc's Stock Is Buy After Today's Big Increase

The stock of Laredo Petroleum Inc (NYSE:LPI) is a huge mover today! About 2.86M shares traded hands. Laredo Petroleum Inc (NYSE:LPI) has risen 120.47% since March 2, 2016 and is uptrending. It has outperformed by 112.22% the S&P500.
The move comes after 6 months positive chart setup for the $3.27B company. It was reported on Oct, 5 by We have $21.73 PT which if reached, will make NYSE:LPI worth $1.96B more.

Analysts await Laredo Petroleum Inc (NYSE:LPI) to report earnings on November, 3. They expect $0.13 earnings per share, up 85.71% or $0.06 from last year’s $0.07 per share. LPI’s profit will be $31.30 million for 26.12 P/E if the $0.13 EPS becomes a reality. After $0.13 actual earnings per share reported by Laredo Petroleum Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Laredo Petroleum Inc (NYSE:LPI) Ratings Coverage

Out of 19 analysts covering Laredo Petroleum Holdings Inc (NYSE:LPI), 5 rate it a “Buy”, 0 “Sell”, while 14 “Hold”. This means 26% are positive. Laredo Petroleum Holdings Inc has been the topic of 50 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by KLR to “Hold” on Monday, December 7. The rating was upgraded by iBERIA Capital Partners on Tuesday, June 14 to “Outperform”. KLR Group upgraded the shares of LPI in a report on Thursday, February 18 to “Accumulate” rating. The rating was downgraded by Zacks on Wednesday, August 12 to “Buy”. Topeka Capital Markets maintained the shares of LPI in a report on Wednesday, May 11 with “Buy” rating. Topeka Capital Markets maintained the shares of LPI in a report on Thursday, August 6 with “Buy” rating. The rating was initiated by Nomura with “Neutral” on Thursday, December 3. On Thursday, May 26 the stock rating was initiated by Imperial Capital with “In-Line”. The rating was initiated by Williams Capital Group on Monday, August 29 with “Hold”. The stock has “Hold” rating given by Deutsche Bank on Wednesday, December 2.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.77 in Q2 2016. Its up 1.06, from 0.71 in 2016Q1. The ratio improved, as 20 funds sold all Laredo Petroleum Inc shares owned while 32 reduced positions. 33 funds bought stakes while 59 increased positions. They now own 236.22 million shares or 5.15% more from 224.65 million shares in 2016Q1.
Grt Prtnrs Limited Liability Company, a Massachusetts-based fund reported 613,712 shares. State Street has invested 0.01% of its portfolio in Laredo Petroleum Inc (NYSE:LPI). Ws Mngmt Lllp accumulated 1.97% or 5.44M shares. Wafra Investment Advisory Grp Incorporated Incorporated Ny last reported 309,970 shares in the company. Moreover, Jefferies Grp Ltd Co has 0% invested in Laredo Petroleum Inc (NYSE:LPI) for 33,944 shares. Gradient Lc accumulated 3 shares or 0% of the stock. Creative Planning last reported 200 shares in the company. Carlson Cap Lp has invested 0.03% of its portfolio in Laredo Petroleum Inc (NYSE:LPI). Blackrock Incorporated has 325,043 shares for 0.01% of their US portfolio. Visium Asset Mngmt L P holds 0.01% or 10,643 shares in its portfolio. Tower Limited Liability Corp (Trc) has 14,821 shares for 0.01% of their US portfolio. Arosa Mgmt L P reported 200,000 shares or 0.26% of all its holdings. Pine River Mgmt Limited Partnership has 566,795 shares for 0.07% of their US portfolio. Cap Global Invsts has 12.29 million shares for 0.04% of their US portfolio. Zacks Management last reported 78,853 shares in the company.

LPI Company Profile

Laredo Petroleum, Inc. (Laredo), incorporated in August 12, 2011, is an independent energy company. The Firm 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. The Company’s divisions include Exploration and production, and Midstream and marketing. The exploration and production of oil and natural gas properties are conducted principally by the Company through the exploration and development of its acreage in the Permian Basin. The Firm has assembled approximately 135,410 net acres in the Permian Basin and has total proved reserves presented on a three-stream basis of over 125,700 thousand barrel of oil equivalent (MBOE). The Midstream and marketing segment’s activities are conducted principally by its subsidiary, Laredo Midstream Services, LLC (LMS), which buys, sells, gathers and transports oil, natural gas and water primarily for the account of Laredo. This system gathers, transports and delivers over 69,000 barrels per day. It is conducting hydraulic fracturing activity in the completion of both its vertical and horizontal wells in the Permian Basin.

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