Media stories about Laredo Petroleum (NYSE:LPI) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. 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 0.16 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 45.550846711034 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Laredo Petroleum, Inc. (LPI) has a value of $12.17 per share While Xinyuan Real Estate Co., Ltd. (XIN) is stand at $5.90 – Stocks Gallery (stocksgallery.com)
- Financial Comparison: Laredo Petroleum (LPI) & Continental Resources (CLR) (americanbankingnews.com)
- Contrasting Laredo Petroleum (LPI) and its Competitors (americanbankingnews.com)
- Laredo Petroleum, Inc. (LPI) has a value of $11.66 per share While Lockheed Martin Corporation (LMT) is stand at … – Stocks Gallery (stocksgallery.com)
- Laredo Petroleum Inc (NYSE:LPI): Institutional Investor Sentiment Down to 0.76 (vothemes.com)
Shares of Laredo Petroleum (NYSE LPI) opened at 12.29 on Friday. The company has a market capitalization of $2.94 billion, a PE ratio of 24.83 and a beta of 1.44. Laredo Petroleum has a 12-month low of $9.57 and a 12-month high of $16.47. The firm’s 50-day moving average is $12.18 and its 200-day moving average is $12.40.
Laredo Petroleum (NYSE:LPI) last issued its quarterly 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 net margin of 16.73% and a return on equity of 49.15%. The business had revenue of $187.00 million during the quarter, compared to analyst estimates of $173.32 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. On average, equities research analysts anticipate that Laredo Petroleum will post $0.51 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the stock. KeyCorp reaffirmed a “hold” rating on shares of Laredo Petroleum in a research note on Friday, September 1st. BMO Capital Markets set a $14.00 price target on shares of Laredo Petroleum and gave the stock a “hold” rating in a research note on Sunday, August 13th. Zacks Investment Research downgraded shares of Laredo Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Bank of America Corporation upped their price target on shares of Laredo Petroleum from $11.00 to $13.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 8th. Finally, Williams Capital set a $14.00 price target on shares of Laredo Petroleum and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.72.
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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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