Press coverage about Laredo Petroleum (NYSE:LPI) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Laredo Petroleum earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 46.3654148261828 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- Laredo Petroleum, Inc. — Moody’s upgrades Laredo’s CFR to B1; positive outlook (finance.yahoo.com)
- Why Investors remained buoyant on: Laredo Petroleum, Inc., (NYSE: LPI), Entravision Communications Corporation … – Stocks In The News (press release) (tradingnewsnow.com)
- Swings under Technical Examination: Laredo Petroleum, Inc. (NYSE:LPI), Pattern Energy Group Inc. (NASDAQ:PEGI) – Investing News Update (investingbizz.com)
- Here’s Why Laredo Petroleum Inc.’s Stock Is Sinking Today (finance.yahoo.com)
Several brokerages have recently commented on LPI. Barclays decreased their target price on Laredo Petroleum from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, November 20th. BMO Capital Markets set a $14.00 target price on Laredo Petroleum and gave the company a “hold” rating in a report on Sunday, August 13th. Zacks Investment Research lowered Laredo Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and set a $17.00 target price on shares of Laredo Petroleum in a report on Wednesday, October 4th. Finally, Cowen restated a “hold” rating and set a $12.00 target price on shares of Laredo Petroleum in a report on Sunday, September 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.27.
Laredo Petroleum (LPI) traded down $0.46 during trading hours on Thursday, hitting $9.84. 2,169,200 shares of the stock were exchanged, compared to its average volume of 3,620,627. Laredo Petroleum has a 52 week low of $9.55 and a 52 week high of $15.55. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 4.16. The company has a market capitalization of $2,497.88, a PE ratio of 21.02, a P/E/G ratio of 4.12 and a beta of 1.33.
Laredo Petroleum (NYSE:LPI) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Laredo Petroleum had a net margin of 15.92% and a return on equity of 43.77%. The firm had revenue of $205.82 million during the quarter, compared to the consensus estimate of $178.48 million. During the same quarter last year, the firm posted $0.12 EPS. The business’s revenue was up 28.9% on a year-over-year basis. analysts anticipate that Laredo Petroleum will post 0.5 earnings per share for the current fiscal year.
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.
Receive News & Ratings for Laredo Petroleum Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laredo Petroleum Inc. and related companies with MarketBeat.com's FREE daily email newsletter.