Headlines about Laredo Petroleum (NYSE:LPI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Laredo Petroleum earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 47.4150952675791 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Q3 2017 EPS Estimates for Laredo Petroleum, Inc. (LPI) Lifted by Seaport Global Securities (americanbankingnews.com)
- Laredo Petroleum, Inc. (LPI) Expected to Announce Earnings of $0.15 Per Share (americanbankingnews.com)
- Laredo Petroleum’s (LPI) Neutral Rating Reaffirmed at Seaport Global Securities (americanbankingnews.com)
- BRIEF-LPI Capital says qtrly revenue of 406.8 million RGT (finance.yahoo.com)
- Q3 2017 EPS Estimates for Laredo Petroleum, Inc. Lifted by Analyst (LPI) (americanbankingnews.com)
Several research firms have weighed in on LPI. BMO Capital Markets restated a “hold” rating and set a $14.00 target price on shares of Laredo Petroleum in a research note on Tuesday. Seaport Global Securities restated a “neutral” rating and set a $9.50 target price (down from $10.00) on shares of Laredo Petroleum in a research note on Monday. Stifel Nicolaus restated a “buy” rating and set a $17.00 target price on shares of Laredo Petroleum in a research note on Wednesday, October 4th. Piper Jaffray Companies cut their target price on Laredo Petroleum from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Finally, Cowen and Company restated a “hold” rating and set a $12.00 target price on shares of Laredo Petroleum in a research note on Sunday, September 17th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.68.
Laredo Petroleum (NYSE LPI) opened at 12.67 on Wednesday. The company has a market capitalization of $3.03 billion, a PE ratio of 25.60 and a beta of 1.45. Laredo Petroleum has a 52 week low of $9.57 and a 52 week high of $16.47. The stock has a 50 day moving average price of $12.44 and a 200-day moving average price of $12.30.
Laredo Petroleum (NYSE:LPI) last announced its earnings results on Monday, August 7th. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). Laredo Petroleum had a return on equity of 49.15% and a net margin of 16.73%. The company had revenue of $187.00 million during the quarter, compared to analysts’ expectations of $173.32 million. During the same quarter last year, the firm posted $0.13 earnings per share. The firm’s revenue was up 27.5% on a year-over-year basis. On average, equities analysts predict that Laredo Petroleum will post $0.62 earnings per share for the current fiscal year.
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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