Press coverage about Laredo Petroleum (NYSE:LPI) has trended somewhat positive on Friday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Laredo Petroleum earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the oil and gas producer an impact score of 47.3188396975389 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Laredo Petroleum, Inc. (LPI) Expected to Post Quarterly Sales of $176.94 Million (americanbankingnews.com)
- Laredo Petroleum, Inc. (NYSE:LPI) Sees Significant Decrease in Short Interest (americanbankingnews.com)
- Laredo Petroleum, Inc. (LPI) Holdings Decreased by Van Eck Associates Corp – First News 24 (firstnewspaper24.com)
- Laredo Petroleum, Inc. (NYSE:LPI) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Q3 2017 EPS Estimates for Laredo Petroleum, Inc. (LPI) Boosted by Capital One Financial Corporation (americanbankingnews.com)
Laredo Petroleum (NYSE:LPI) opened at 11.80 on Friday. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 23.84 and a beta of 1.41. The stock’s 50 day moving average is $11.79 and its 200 day moving average is $12.67. Laredo Petroleum has a 52-week low of $9.57 and a 52-week high of $16.47.
Laredo Petroleum (NYSE:LPI) last announced its quarterly earnings data on Monday, August 7th. The oil and gas producer reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm had revenue of $187 million for the quarter, compared to the consensus estimate of $173.32 million. Laredo Petroleum had a return on equity of 49.15% and a net margin of 16.73%. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. Equities research analysts forecast that Laredo Petroleum will post $0.50 earnings per share for the current year.
A number of analysts recently weighed in on the stock. BMO Capital Markets set a $14.00 price objective on shares of Laredo Petroleum and gave the stock a “hold” rating in a report on Sunday, August 13th. Zacks Investment Research cut shares of Laredo Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Bank of America Corporation increased their price objective on shares of Laredo Petroleum from $11.00 to $13.00 and gave the stock an “underperform” rating in a report on Tuesday, August 8th. Williams Capital set a $14.00 price objective on shares of Laredo Petroleum and gave the stock a “hold” rating in a report on Tuesday, August 8th. Finally, Cowen and Company set a $12.00 price objective on shares of Laredo Petroleum and gave the stock a “hold” rating in a report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. Laredo Petroleum currently has a consensus rating of “Hold” and a consensus price target of $14.87.
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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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