Laredo Petroleum (NYSE:LPI) Getting Somewhat Positive Media Coverage, Analysis Shows
News stories about Laredo Petroleum (NYSE:LPI) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Laredo Petroleum earned a news impact score of 0.13 on Accern’s scale. Accern also assigned headlines about the oil and gas producer an impact score of 90 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Laredo Petroleum, Inc. to Post Q3 2017 Earnings of $0.12 Per Share, Seaport Global Securities Forecasts (NYSE:LPI) (americanbankingnews.com)
- Breakfast Technical Briefing on Oil and Gas Stocks — Anadarko Petroleum, CONSOL Energy, Hess, and Laredo Petroleum (marketwatch.com)
- Laredo Petroleum : Breakfast Technical Briefing on Oil and Gas Stocks — Anadarko Petroleum, CONSOL Energy, Hess, and Laredo Petroleum (4-traders.com)
- Laredo Petroleum’s (LPI) Hold Rating Reiterated at BMO Capital Markets (footballhebdo.com)
- Laredo Petroleum, Inc. (NYSE:LPI) Upgraded by BidaskClub to Sell (eleganthomesinla.com)
Laredo Petroleum (LPI) traded up 0.27% during mid-day trading on Thursday, hitting $11.00. 931,989 shares of the stock traded hands. Laredo Petroleum has a 12-month low of $9.20 and a 12-month high of $16.47. The stock’s market cap is $2.63 billion. The company has a 50 day moving average of $11.56 and a 200-day moving average of $13.23.
Laredo Petroleum (NYSE:LPI) last announced its earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $189 million during the quarter, compared to analyst estimates of $164.39 million. Laredo Petroleum had a negative net margin of 1.78% and a positive return on equity of 75.64%. The business’s revenue was up 77.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.08 earnings per share. Equities research analysts forecast that Laredo Petroleum will post $0.56 earnings per share for the current year.
LPI has been the topic of a number of recent analyst reports. Stifel Nicolaus initiated coverage on shares of Laredo Petroleum in a research note on Wednesday, April 12th. They set a “buy” rating and a $18.00 price target on the stock. Seaport Global Securities upgraded shares of Laredo Petroleum from a “neutral” rating to a “buy” rating in a research note on Friday, March 31st. Credit Suisse Group restated a “sell” rating and set a $13.00 price target on shares of Laredo Petroleum in a research note on Friday, March 31st. Scotiabank set a $15.00 price target on shares of Laredo Petroleum and gave the company a “hold” rating in a research note on Monday, March 27th. Finally, Barclays PLC restated a “buy” rating and set a $18.00 price target (down previously from $19.00) on shares of Laredo Petroleum in a research note on Thursday, April 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.20.
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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.
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