Laredo Petroleum, Inc. (NYSE:LPI)‘s stock had its “hold” rating restated by investment analysts at KeyCorp in a report issued on Friday.

Several other research analysts have also recently issued reports on the company. BMO Capital Markets reduced their price objective on Laredo Petroleum from $14.00 to $11.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. Zacks Investment Research cut Laredo Petroleum from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Williams Capital raised their price objective on Laredo Petroleum from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Seaport Global Securities restated a “neutral” rating and issued a $9.50 price objective (down from $10.00) on shares of Laredo Petroleum in a research note on Monday, October 9th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $17.00 price objective on shares of Laredo Petroleum in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.45.

Laredo Petroleum (LPI) opened at $10.97 on Friday. Laredo Petroleum has a 12 month low of $9.57 and a 12 month high of $16.47. The stock has a market capitalization of $2,636.11, a PE ratio of 22.18, a PEG ratio of 4.37 and a beta of 1.39. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 4.16.

Laredo Petroleum (NYSE:LPI) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). Laredo Petroleum had a return on equity of 43.77% and a net margin of 15.92%. The firm had revenue of $205.82 million during the quarter, compared to analysts’ expectations of $178.48 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. research analysts anticipate that Laredo Petroleum will post 0.5 EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the business. QCM Cayman Ltd. acquired a new stake in Laredo Petroleum in the second quarter valued at approximately $133,000. Teacher Retirement System of Texas boosted its stake in shares of Laredo Petroleum by 3.8% in the second quarter. Teacher Retirement System of Texas now owns 12,884 shares of the oil and gas producer’s stock worth $136,000 after acquiring an additional 468 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Laredo Petroleum in the third quarter worth approximately $167,000. Calamos Advisors LLC purchased a new position in Laredo Petroleum during the third quarter worth approximately $177,000. Finally, BNP Paribas Arbitrage SA lifted its position in Laredo Petroleum by 4.8% during the second quarter. BNP Paribas Arbitrage SA now owns 16,735 shares of the oil and gas producer’s stock worth $176,000 after buying an additional 766 shares in the last quarter.

Laredo Petroleum Company Profile

Laredo Petroleum, Inc (Laredo) is an independent energy company. The Company 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. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing.

Analyst Recommendations for Laredo Petroleum (NYSE:LPI)

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