Market Runner: Could Laredo Petroleum Inc See a Reversal After This Very Strong Session?

Market Runner: Could Laredo Petroleum Inc See a Reversal After This Very Strong Session?

The stock of Laredo Petroleum Inc (NYSE:LPI) is a huge mover today! About 1.87 million shares traded hands. Laredo Petroleum Inc (NYSE:LPI) has risen 31.03% since April 13, 2016 and is uptrending. It has outperformed by 27.10% the S&P500.
The move comes after 5 months positive chart setup for the $3.40 billion company. It was reported on Nov, 15 by Barchart.com. We have $17.11 PT which if reached, will make NYSE:LPI worth $782.00M more.

Laredo Petroleum Inc (NYSE:LPI) Ratings Coverage

Out of 20 analysts covering Laredo Petroleum Holdings Inc (NYSE:LPI), 5 rate it a “Buy”, 1 “Sell”, while 14 “Hold”. This means 25% are positive. Laredo Petroleum Holdings Inc has been the topic of 51 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, January 26 by Topeka Capital Markets. The firm has “Buy” rating by Topeka Capital Markets given on Wednesday, May 11. KLR Group upgraded the shares of LPI in a report on Thursday, February 18 to “Accumulate” rating. The stock of Laredo Petroleum Inc (NYSE:LPI) earned “Equal-Weight” rating by Stephens on Thursday, February 18. The firm has “Buy” rating by Zacks given on Wednesday, August 12. Deutsche Bank initiated it with “Hold” rating and $12 target price in Wednesday, December 2 report. The firm has “Neutral” rating given on Tuesday, August 30 by Seaport Global. The company was initiated on Monday, August 29 by Williams Capital Group. The company was downgraded on Wednesday, March 30 by Seaport Global. The firm has “Underperform” rating by Credit Suisse given on Thursday, October 13.

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 2016 Q2. Its up 1.06, from 0.71 in 2016Q1. The ratio is positive, 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.
Aqr Cap Mgmt Limited Liability Company accumulated 0.02% or 1.01M shares. Warburg Pincus holds 87.67 million shares or 20.01% of its portfolio. State Board Of Administration Of Florida Retirement Sys has invested 0% of its portfolio in Laredo Petroleum Inc (NYSE:LPI). Balyasny Asset Ltd accumulated 0% or 18,084 shares. Uss Mgmt holds 73,500 shares or 0.01% of its portfolio. Dimensional Fund Advisors L P owns 730,807 shares or 0% of their US portfolio. Utah Retirement Sys holds 0.01% or 24,366 shares in its portfolio. California Public Employees Retirement Sys, a California-based fund reported 694,400 shares. Blackrock Fund Advsr owns 1.54M shares or 0% of their US portfolio. Scepter has 40,714 shares for 0.14% of their US portfolio. Moreover, Barclays Public Limited Co has 0% invested in Laredo Petroleum Inc (NYSE:LPI) for 140,106 shares. Great West Life Assurance Com Can has invested 0% of its portfolio in Laredo Petroleum Inc (NYSE:LPI). Tower Research Cap Ltd Liability Com (Trc) has 0.01% invested in the company for 14,821 shares. Acadian Asset Mngmt Ltd Liability Com owns 458 shares or 0% of their US portfolio. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock.

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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