Laredo Petroleum, Inc. (NYSE:LPI) registered a 2.87% increase, still its new closing price is 257.95% up from the company’s 1 year high of 16.47.It posted -2.24% losses in previous 5 sessions and is now the subject of 12 analysts who together assign a hold rating on stock. 3 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 26 stock analysts following this company have an average price target at $15.44, with individual PT in the $3.00-$20.00 range. The shares moved at $13.96, implying that brokerage firms see shares gaining about 88.39% in twelve months time.
Laredo Petroleum, Inc. (LPI) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -1.27% fall year to date. A Sr. VP – Exploration & Land at Laredo Petroleum, Inc. (LPI) offloaded shares in a transaction closed on Monday August 29, 2016. Curth Patrick J sold 17,000 shares in the company at $12.57 each and collected $213,001 in proceeds. Curth Patrick J now owns 172,926 shares in the company after this transaction. A Chairman & CEO in the company, Foutch Randy A, disclosed a transaction on Friday February 19, 2016 that ended up paying $99,001 from the purchase of 22,072 shares at $4.52 per share.
Laredo Petroleum, Inc. (NYSE:LPI) Upcoming Results on Tap
Laredo Petroleum, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.12 in that period. Sales during the quarter are predicted to arrive at $162.43 million.
Earnings surprise history: Last quarter, the company posted approximately $159.73 million in revenue and EPS of $0.12. The mean forecast was for $148.34 million and $0.12 a share, respectively. One quarter earlier, revenue for the stock was at $146.77 million, with earnings at $0.13/share.
Laredo Petroleum, Inc. (LPI) Brokerage Update
Laredo Petroleum, Inc. (LPI) is in SunTrust’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by SunTrust, according to news reported on Friday January 20, 2017.Another important research note was issued by Tudor Pickering on Wednesday January 18, 2017.The firm upgraded LPI to Buy from Hold. Over the last six months and over the last three months, the shares of Laredo Petroleum, Inc. (LPI), have changed 33.33% and 15.66%, respectively.