Laredo Petroleum (NYSE:LPI)‘s stock had its “neutral” rating restated by investment analysts at MKM Partners in a report released on Friday. They currently have a $3.00 price target on the oil and gas producer’s stock, down from their previous price target of $5.00. MKM Partners’ price target would suggest a potential downside of 22.08% from the company’s previous close.

Several other analysts have also issued reports on the stock. Societe Generale lowered shares of Laredo Petroleum from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded shares of Laredo Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. Raymond James set a $5.00 target price on shares of Laredo Petroleum and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Williams Capital reiterated a “hold” rating and issued a $5.00 target price on shares of Laredo Petroleum in a research report on Wednesday, January 23rd. Finally, Piper Jaffray Companies lowered shares of Laredo Petroleum from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 9th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.78.

LPI stock opened at $3.85 on Friday. The firm has a market cap of $886.41 million, a P/E ratio of 4.14 and a beta of 1.54. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.95. Laredo Petroleum has a one year low of $3.00 and a one year high of $11.18.

Laredo Petroleum (NYSE:LPI) last released its quarterly earnings results on Wednesday, February 13th. The oil and gas producer reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.04). The firm had revenue of $215.28 million for the quarter, compared to analyst estimates of $253.75 million. Laredo Petroleum had a net margin of 29.37% and a return on equity of 22.26%. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 EPS. Research analysts predict that Laredo Petroleum will post 0.49 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. CoreCommodity Management LLC raised its position in Laredo Petroleum by 3.5% during the 4th quarter. CoreCommodity Management LLC now owns 78,646 shares of the oil and gas producer’s stock worth $285,000 after buying an additional 2,665 shares during the last quarter. CIBC Asset Management Inc raised its position in Laredo Petroleum by 26.5% during the 4th quarter. CIBC Asset Management Inc now owns 23,405 shares of the oil and gas producer’s stock worth $85,000 after buying an additional 4,896 shares during the last quarter. Teachers Advisors LLC raised its position in Laredo Petroleum by 2.0% during the 3rd quarter. Teachers Advisors LLC now owns 316,298 shares of the oil and gas producer’s stock worth $2,584,000 after buying an additional 6,194 shares during the last quarter. GSA Capital Partners LLP raised its position in Laredo Petroleum by 7.0% during the 4th quarter. GSA Capital Partners LLP now owns 136,459 shares of the oil and gas producer’s stock worth $494,000 after buying an additional 8,945 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Laredo Petroleum by 354.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 12,279 shares of the oil and gas producer’s stock worth $102,000 after buying an additional 9,579 shares during the last quarter.

Laredo Petroleum Company Profile

Laredo Petroleum, Inc operates as an independent energy company in the United States. It operates through two segments, Exploration and Production; and Midstream and Marketing. The company engages in the acquisition, exploration, and development of oil and natural gas properties; and the transportation of oil and natural gas primarily in the Permian Basin in West Texas, as well as rig fuel, natural gas lift, and water delivery and takeaway services.

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Analyst Recommendations for Laredo Petroleum (NYSE:LPI)

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