Rothschild Asset Management Inc. raised its holdings in Laredo Petroleum, Inc. (NYSE:LPI) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,505,830 shares of the oil and gas producer’s stock after purchasing an additional 161,863 shares during the period. Rothschild Asset Management Inc. owned approximately 1.03% of Laredo Petroleum worth $32,400,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LPI. Legal & General Group Plc increased its position in Laredo Petroleum by 157.2% during the 1st quarter. Legal & General Group Plc now owns 51,379 shares of the oil and gas producer’s stock worth $750,000 after purchasing an additional 31,401 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Laredo Petroleum by 153.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,368,993 shares of the oil and gas producer’s stock valued at $34,586,000 after acquiring an additional 1,434,079 shares during the period. UBS Group AG increased its position in Laredo Petroleum by 77.4% in the 1st quarter. UBS Group AG now owns 41,462 shares of the oil and gas producer’s stock valued at $606,000 after acquiring an additional 18,092 shares during the period. BlackRock Inc. boosted its stake in shares of Laredo Petroleum by 2,500.3% in the 1st quarter. BlackRock Inc. now owns 7,598,973 shares of the oil and gas producer’s stock valued at $110,946,000 after purchasing an additional 7,306,738 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Laredo Petroleum by 17.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 501,560 shares of the oil and gas producer’s stock valued at $7,323,000 after purchasing an additional 75,445 shares during the last quarter.

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LPI has been the topic of several research analyst reports. Zacks Investment Research raised shares of Laredo Petroleum from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 17th. BMO Capital Markets set a $14.00 target price on shares of Laredo Petroleum and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Piper Jaffray Companies reiterated a “buy” rating and set a $15.00 target price on shares of Laredo Petroleum in a research report on Wednesday. KeyCorp restated a “hold” rating on shares of Laredo Petroleum in a research report on Friday, November 10th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $17.00 price objective on shares of Laredo Petroleum in a research report on Wednesday, October 4th. Two equities research 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’s stock. Laredo Petroleum currently has a consensus rating of “Hold” and an average target price of $14.27.

Laredo Petroleum, Inc. (LPI) traded down $0.03 during trading on Wednesday, hitting $10.00. The company had a trading volume of 2,995,000 shares, compared to its average volume of 3,675,583. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.64 and a quick ratio of 0.64. Laredo Petroleum, Inc. has a 12-month low of $9.55 and a 12-month high of $16.47. The firm has a market capitalization of $2,430.00, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 4.03 and a beta of 1.39.

Laredo Petroleum (NYSE:LPI) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.13 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $205.82 million for the quarter, compared to analyst estimates of $178.48 million. During the same period last year, the firm posted $0.12 EPS. The business’s quarterly revenue was up 28.9% on a year-over-year basis. analysts expect that Laredo Petroleum, Inc. will post 0.5 EPS for the current fiscal year.

Laredo Petroleum 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.

Institutional Ownership by Quarter for Laredo Petroleum (NYSE:LPI)

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