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.