Media stories about Laredo Petroleum (NYSE:LPI) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Laredo Petroleum earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave press coverage about the oil and gas producer an impact score of 48.5695170248744 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Laredo Petroleum, Inc. (LPI) Holdings Decreased by Van Eck Associates Corp – First News 24 (firstnewspaper24.com)
- Laredo Petroleum, Inc. (NYSE:LPI) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Q3 2017 EPS Estimates for Laredo Petroleum, Inc. (LPI) Boosted by Capital One Financial Corporation (americanbankingnews.com)
- Brokers Set Expectations for Laredo Petroleum, Inc.’s FY2017 Earnings (NYSE:LPI) (campdesrecrues.com)
- Laredo Petroleum, Inc. (NYSE:LPI) Position Increased by Dimensional Fund Advisors LP (footballhebdo.com)
Several research analysts have recently weighed in on the stock. Williams Capital set a $14.00 price target on shares of Laredo Petroleum and gave the stock a “hold” rating in a report on Tuesday. Scotiabank set a $13.00 price target on shares of Laredo Petroleum and gave the stock a “hold” rating in a report on Saturday, July 1st. Stephens raised shares of Laredo Petroleum from an “underweight” rating to a “hold” rating in a report on Monday, May 15th. 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 report on Tuesday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $17.00 price target on shares of Laredo Petroleum in a report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $14.63.
Laredo Petroleum (NYSE LPI) traded up 2.07% during mid-day trading on Friday, reaching $12.34. 2,354,640 shares of the company’s stock traded hands. Laredo Petroleum has a one year low of $9.57 and a one year high of $16.47. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 24.93 and a beta of 1.41. The firm’s 50-day moving average price is $11.56 and its 200 day moving average price is $12.73.
Laredo Petroleum (NYSE:LPI) last posted its earnings results on Monday, August 7th. The oil and gas producer reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. Laredo Petroleum had a return on equity of 49.15% and a net margin of 16.73%. The business had revenue of $187 million during the quarter, compared to the consensus estimate of $173.32 million. During the same quarter last year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was up 27.5% on a year-over-year basis. On average, equities analysts forecast that Laredo Petroleum will post $0.50 EPS for the current year.
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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.
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