Somewhat Favorable News Coverage Somewhat Unlikely to Affect Laredo Petroleum (LPI) Stock Price
Headlines about Laredo Petroleum (NYSE:LPI) have trended somewhat positive on Sunday, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Laredo Petroleum earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 47.7758042965206 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern’s rankings:
- BMO Capital Markets Reiterates Hold Rating for Laredo Petroleum (LPI) (americanbankingnews.com)
- Laredo Petroleum, Inc. (NYSE:LPI) – Is the Stock Overvalued? – Nasdaq Journal (press release) (nasdaqjournal.com)
- Optimistic Trending Companies: The PNC Financial Services Group, Inc. (PNC), Laredo Petroleum, Inc. (LPI) – Market Movers (financialqz.com)
- Implied Volatility of Top 5 Return on Equity Upstream Stocks (finance.yahoo.com)
- What Made Laredo Petroleum’s Return on Equity Rise in 2017? (finance.yahoo.com)
A number of brokerages have weighed in on LPI. BMO Capital Markets reaffirmed a “hold” rating and set a $12.00 target price on shares of Laredo Petroleum in a research note on Thursday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $16.00 target price on shares of Laredo Petroleum in a research note on Tuesday, January 9th. Robert W. Baird decreased their target price on shares of Laredo Petroleum from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, December 18th. JPMorgan Chase & Co. downgraded shares of Laredo Petroleum from a “neutral” rating to an “underweight” rating and set a $13.00 target price for the company. in a research note on Friday, December 15th. Finally, Credit Suisse Group began coverage on shares of Laredo Petroleum in a research note on Monday, December 11th. They set a “neutral” rating and a $12.00 target price for the company. Two investment 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 currently has an average rating of “Hold” and a consensus target price of $13.91.
Shares of Laredo Petroleum (LPI) opened at $11.07 on Friday. Laredo Petroleum has a fifty-two week low of $9.46 and a fifty-two week high of $15.15. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 4.16. The company has a market cap of $2,718.56, a P/E ratio of 22.14, a PEG ratio of 2.56 and a beta of 1.32.
Laredo Petroleum (NYSE:LPI) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Laredo Petroleum had a net margin of 15.92% and a return on equity of 43.77%. The firm had revenue of $205.82 million for the quarter, compared to analysts’ expectations of $178.48 million. During the same quarter in the previous year, the company earned $0.12 EPS. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. sell-side analysts forecast that Laredo Petroleum will post 0.52 EPS for the current year.
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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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