Laredo Petroleum, Inc. (NYSE:LPI) – Equities researchers at FBR & Co reduced their FY2016 earnings per share estimates for shares of Laredo Petroleum in a research note issued on Wednesday. FBR & Co analyst J. Allman now expects that the brokerage will earn $0.47 per share for the year, down from their prior forecast of $0.56. FBR & Co has a “Outperform” rating and a $16.00 price objective on the stock. FBR & Co also issued estimates for Laredo Petroleum’s Q4 2016 earnings at $0.14 EPS and FY2017 earnings at $0.43 EPS.

LPI has been the topic of a number of other reports. Zacks Investment Research lowered shares of Laredo Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. J P Morgan Chase & Co restated a “hold” rating on shares of Laredo Petroleum in a report on Thursday, November 3rd. Barclays PLC restated a “buy” rating and issued a $16.00 price objective on shares of Laredo Petroleum in a report on Wednesday, November 16th. Drexel Hamilton initiated coverage on shares of Laredo Petroleum in a report on Thursday, December 15th. They issued a “buy” rating and a $18.75 price objective on the stock. Finally, BMO Capital Markets restated a “hold” rating and issued a $15.00 price objective on shares of Laredo Petroleum in a report on Wednesday, January 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $13.51.

Earnings History and Estimates for Laredo Petroleum (NYSE:LPI)

“FY2016 EPS Estimates for Laredo Petroleum, Inc. Reduced by FBR & Co (LPI)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this report on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at http://www.watchlistnews.com/fy2016-eps-estimates-for-laredo-petroleum-inc-reduced-by-fbr-co-lpi/1120678.html.

Shares of Laredo Petroleum (NYSE:LPI) traded up 2.09% during trading on Thursday, reaching $14.63. 2,944,453 shares of the company were exchanged. Laredo Petroleum has a 1-year low of $3.90 and a 1-year high of $16.47. The firm has a 50-day moving average price of $14.04 and a 200-day moving average price of $13.22. The stock’s market capitalization is $3.48 billion.

Laredo Petroleum (NYSE:LPI) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Laredo Petroleum had a negative net margin of 225.04% and a positive return on equity of 123.07%.

“FY2016 EPS Estimates for Laredo Petroleum, Inc. Reduced by FBR & Co (LPI)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this report on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at http://www.watchlistnews.com/fy2016-eps-estimates-for-laredo-petroleum-inc-reduced-by-fbr-co-lpi/1120678.html.

Large investors have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. increased its position in shares of Laredo Petroleum by 20.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,664,525 shares of the company’s stock worth $73,073,000 after buying an additional 946,000 shares during the period. Sei Investments Co. increased its position in shares of Laredo Petroleum by 474.0% in the third quarter. Sei Investments Co. now owns 277,632 shares of the company’s stock worth $3,581,000 after buying an additional 229,265 shares during the period. Bank of Montreal Can increased its position in shares of Laredo Petroleum by 1.0% in the third quarter. Bank of Montreal Can now owns 992,597 shares of the company’s stock worth $12,804,000 after buying an additional 10,106 shares during the period. First Quadrant L P CA bought a new position in shares of Laredo Petroleum during the third quarter worth about $1,725,000. Finally, State of Wisconsin Investment Board increased its position in shares of Laredo Petroleum by 4.7% in the third quarter. State of Wisconsin Investment Board now owns 91,480 shares of the company’s stock worth $1,180,000 after buying an additional 4,100 shares during the period.

Laredo Petroleum Company Profile

Laredo Petroleum, Inc (Laredo) is an independent energy company 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 segments include Exploration and production, and Midstream and marketing.

5 Day Chart for NYSE:LPI

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