Laredo Petroleum (LPI) Hit With “Buy” Rating From MKM Partners, Analysts Expect $8.0 Stock Price

Laredo Petroleum, Inc. (NYSE:LPI) Logo

Investors sentiment decreased to 1.27 in Q2 2018. Its down 0.16, from 1.43 in 2018Q1. It fall, as 30 investors sold Laredo Petroleum, Inc. shares while 36 reduced holdings. 29 funds opened positions while 55 raised stakes. 254.15 million shares or 4.84% more from 242.41 million shares in 2018Q1 were reported.

Sailingstone Capital Partners Lc accumulated 39.57 million shares. Interest Gru holds 0% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI) for 101,355 shares. Key (Cayman) Ltd holds 0.91% or 1.43 million shares. Legal And General Gp Pcl reported 62,501 shares or 0% of all its holdings. Parametric Associate holds 0.01% in Laredo Petroleum, Inc. (NYSE:LPI) or 663,672 shares. Prudential Financial invested 0.03% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). Jbf Capital owns 10,000 shares for 0.01% of their portfolio. Tortoise Cap Ltd holds 352,676 shares. Lsv Asset invested in 3.45M shares or 0.05% of the stock. California State Teachers Retirement System accumulated 238,101 shares. Vanguard Gp Inc, a Pennsylvania-based fund reported 15.74 million shares. Corecommodity Limited Liability Corp owns 104,124 shares or 0.67% of their US portfolio. Spo Advisory invested in 13.91M shares. Axa holds 433,526 shares or 0.02% of its portfolio. Price Capital Mngmt holds 0.26% or 54,891 shares.

Why Has MKM Partners Given Laredo Petroleum (LPI) a $8.0 Price Target

In a report published on Thursday morning, research analysts at MKM Partners began coverage for Laredo Petroleum (LPI) shares. The firm has decided to set a “Buy” rating along with a $8.0, adding 68.42 % to the target.

The stock decreased 6.74% or $0.32 during the last trading session, reaching $4.43. About 4.88M shares traded. Laredo Petroleum, Inc. (LPI) has declined 30.66% since December 7, 2017 and is downtrending. It has underperformed by 46.28% the S&P500.

Analysts await Laredo Petroleum, Inc. (NYSE:LPI) to report earnings on February, 13. They expect $0.28 EPS, up 47.37 % or $0.09 from last year’s $0.19 per share. LPI’s profit will be $64.28M for 3.96 P/E if the $0.28 EPS becomes a reality. After $0.27 actual EPS reported by Laredo Petroleum, Inc. for the previous quarter, Wall Street now forecasts 3.70 % EPS growth.

Laredo Petroleum, Inc. operates as an independent energy firm in the United States. The company has market cap of $1.02 billion. It operates through two divisions, Exploration and Production of Oil and Natural Gas Properties; and Midstream and Marketing. It has a 1.78 P/E ratio. It focuses on 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.

More notable recent Laredo Petroleum, Inc. (NYSE:LPI) news were published by: Benzinga.com which released: “56 Biggest Movers From Yesterday – Benzinga” on December 04, 2018, also Seekingalpha.com with their article: “Laredo Petroleum Will Become Oilier In 2019 – Seeking Alpha” published on November 15, 2018, Benzinga.com published: “58 Stocks Moving In Wednesday’s Mid-Day Session – Benzinga” on November 14, 2018. More interesting news about Laredo Petroleum, Inc. (NYSE:LPI) were released by: Benzinga.com and their article: “46 Stocks Moving In Monday’s Mid-Day Session – Benzinga” published on December 03, 2018 as well as Globenewswire.com‘s news article titled: “Research Report Identifies ITT, Sally Beauty, American Water Works, Laredo Petroleum, H&E Equipment Services, and Horizon Global with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement – GlobeNewswire” with publication date: November 27, 2018.

Laredo Petroleum, Inc. (NYSE:LPI) Institutional Positions Chart

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