Laredo Petroleum (LPI) Scheduled to Post Quarterly Earnings on Tuesday
Laredo Petroleum (NYSE:LPI) is scheduled to be announcing its earnings results after the market closes on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.
Shares of Laredo Petroleum (NYSE:LPI) opened at $7.73 on Monday. Laredo Petroleum has a 1 year low of $7.49 and a 1 year high of $15.15. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $1,870.00, a P/E ratio of 15.46, a P/E/G ratio of 1.51 and a beta of 1.21.
Several analysts recently commented on LPI shares. Zacks Investment Research upgraded Laredo Petroleum from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, October 17th. Piper Jaffray Companies restated a “buy” rating and issued a $15.00 target price on shares of Laredo Petroleum in a research report on Wednesday, November 22nd. Credit Suisse Group started coverage on Laredo Petroleum in a research report on Monday, December 11th. They issued a “neutral” rating and a $12.00 target price on the stock. Stifel Nicolaus set a $15.00 target price on Laredo Petroleum and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, JPMorgan Chase & Co. cut Laredo Petroleum from a “neutral” rating to an “underweight” rating and set a $13.00 target price on the stock. in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. Laredo Petroleum presently has an average rating of “Hold” and a consensus target price of $13.44.
About Laredo Petroleum
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.
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