Laredo Petroleum, Inc. (NYSE:LPI) Earns Average Broker Rating Of Outperform

Laredo Petroleum, Inc. (NYSE:LPI) Earns Average Broker Rating Of Outperform

Laredo Petroleum, Inc. (NYSE:LPI) Earns Average Broker Rating Of Outperform

Laredo Petroleum, Inc. (NYSE:LPI) stock is presently standing at about $13.07 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 26 analysts covering the company is $16.50, which suggests the stock could still rise over 21 percent. The highest analyst price target is $20.00, which implies a rally of 47 percent. And a quick view of analyst notes show that 7 are rating the stock a buy while 4 rate LPI a strong buy. There are 12 equity research firms advocating a Hold and 0 consider it Sell.

Piper Jaffray analysts provided their view on Laredo Petroleum, Inc. (NYSE:LPI) recently. The rating firm issued a Overweight rating to this company in a research note released on Feb 21, 2017. SunTrust analysts disclosed their opinion on Laredo Petroleum, Inc. (NYSE:LPI) recently. The rating firm gave a Buy rating to this stock in a research note published on Jan 20, 2017. According to a research note disclosed on Jan 18, 2017, analysts at Tudor Pickering have upped their rating on these shares from Hold to Buy.

Laredo Petroleum, Inc. (NYSE:LPI) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Sr. VP – Exploration & Land Curth Patrick J sold 17,000 company shares for 213690, in a transaction on 2016-08-29. Following the transaction, the Sr. VP – Exploration & Land is left with a stake of 172,926 shares, currently valued at $2260143. Meanwhile, Chairman & CEO Foutch Randy A purchased 22,072 shares worth $99770, through a transaction dated 2016-02-19. Following the completion of the transaction, the insider is left with a stake of 1,455,099 shares, amounting $19018143.93. LPI Chairman & CEO Foutch Randy A also purchased 22,072 shares, at a stock price of $4.52. This transaction occurred on 2016-02-19 totals $99770. After this transaction, the insider’s stake stands at 1,455,099 shares, with a market value of $19018144.

Executives hold 1.19 percent of the stock. Mr. Randy A. Foutch is one of the biggest insider owners in Laredo Petroleum, Inc. (NYSE:LPI), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 896,289 shares which have current market value of around $11714497.23.Mr. Richard C. Buterbaugh is another major inside shareholder in the company. The insider owns 245,336 shares as of 0.1%, currently worth $3206541.52. Mr. Peter R. Kagan is ranked as third insider holder of the stock. This insider holds 231,213 shares with a market value around $3021953.91 as of recent close.

Laredo Petroleum, Inc. (NYSE:LPI) Earnings Outlook

In Laredo Petroleum, Inc. (NYSE:LPI)’s latest quarter, EPS moved to $0.16 from $0.12 in preceding quarter and revenues reached at $184.31M compared to $159.73M. Analysts had expected Laredo Petroleum, Inc. (NYSE:LPI) to post net income of about $0.15 per share on $160.73M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.08 to $0.19. That is compared with the $0.08 in EPS it reported during the same period a year ago.

Add Comment

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.