Several other research analysts have also weighed in on the company. Analysts giving shares a rating of 1 or 2 would be indicating a Buy.
SunPower Corporation (NASDAQ:SPWR) shares were trading higher by 13.15 percent ($1.01) at $8.69 a piece in Thursday's session. Stephens upgraded Laredo Petroleum from an underweight rating to a hold rating in a research report on Monday, May 15th.
Laredo Petroleum, Inc. (LPI) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 20.86 P/E and the sector P/E is 16.09. Vertical Research downgraded the shares of MOS in report on Wednesday, August 31 to "Sell" rating. Credit Suisse Group raised their target price on shares of Laredo Petroleum from $10.00 to $12.00 and gave the stock an underperform rating in a research note on Tuesday, January 31st. The stock presently has an average rating of Hold and a consensus price target of $15.70. Vanguard Group Inc. increased its position in shares of Laredo Petroleum by 20.9% in the first quarter. The stock's market capitalization is $2.34 billion. Share performance for the month is now at -23.73%. Laredo Petroleum has a one year low of $9.20 and a one year high of $16.47. Year to date Laredo Petroleum, Inc.
The consensus recommendation - averaging the work of 26 analysts - of 2.3 for Laredo Petroleum, Inc. Laredo Petroleum had a positive return on equity of 75.64% and a negative net margin of 1.78%. The business's quarterly revenue was up 77.3% compared to the same quarter previous year.
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EPS growth in next year is estimated to reach 40.15% while EPS growth estimate for this year is set at 89.60%. The average 1-year price target for Laredo Petroleum, Inc.
Laredo Petroleum, Inc (Laredo) is an independent energy company. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and worldwide copyright legislation. The legal version of this news story can be read at https://transcriptdaily.com/2017/06/23/laredo-petroleum-inc-lpi-stock-rating-lowered-by-bidaskclub.html.
Other institutional investors have also recently bought and sold shares of the company.
The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -26.51% and has no so good Year to Date (YTD) Performance of -30.91% which means the stock is constantly adding to its value from previous fiscal year end price. The company was maintained on Friday, February 5 by RBC Capital Markets. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. During the trading on 06/22/2017, Company's stock ranged from $9.98 to $9.61. The stock was sold at an average price of $14.34, for a total transaction of $2,340,388.38. Following the sale, the director now owns 68,006 shares of the company's stock, valued at approximately $975,206.04. The disclosure for this sale can be found here. The stock witnessed -24.71% declines, -24.83% declines and -32.71% declines for the 1-month, 3-month and 6-month period, respectively. New Jersey-based Kcg has invested 0.01% in Laredo Petroleum Inc (NYSE:LPI). BlackRock Inc. now owns 7,598,973 shares of the oil and gas producer's stock valued at $110,946,000 after buying an additional 7,306,738 shares during the period. Amica Retiree Trust owns 2,418 shares for 0.06% of their portfolio. Jennison Associates LLC increased its stake in shares of Laredo Petroleum by 67.4% in the first quarter. Point72 Asset Management L.P. now owns 3,748,400 shares of the oil and gas producer's stock worth $54,727,000 after buying an additional 2,250,300 shares during the last quarter. Analysts anticipate that Laredo Petroleum will post $0.55 earnings per share for the current fiscal year. Finally, Impala Asset Management LLC raised its stake in shares of Laredo Petroleum by 144.6% in the first quarter. Vaughan Nelson Invest Management Ltd Partnership stated it has 0.77% of its portfolio in Laredo Petroleum Inc (NYSE:LPI).
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