Brown Advisory Inc. Has $419,000 Position in Laredo Petroleum, Inc. (LPI)

Brown Advisory Inc. raised its holdings in Laredo Petroleum, Inc. (NYSE:LPI) by 68.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,485 shares of the oil and gas producer’s stock after purchasing an additional 13,204 shares during the quarter. Brown Advisory Inc.’s holdings in Laredo Petroleum were worth $419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. QCM Cayman Ltd. bought a new position in Laredo Petroleum in the 2nd quarter valued at $133,000. Teacher Retirement System of Texas raised its position in Laredo Petroleum by 3.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,884 shares of the oil and gas producer’s stock valued at $136,000 after purchasing an additional 468 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Laredo Petroleum in the 3rd quarter valued at $167,000. Calamos Advisors LLC bought a new position in Laredo Petroleum in the 3rd quarter valued at $177,000. Finally, BNP Paribas Arbitrage SA raised its position in Laredo Petroleum by 4.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,735 shares of the oil and gas producer’s stock valued at $176,000 after purchasing an additional 766 shares during the last quarter.

Shares of Laredo Petroleum, Inc. (NYSE LPI) traded up $0.26 during trading on Tuesday, hitting $10.65. The company had a trading volume of 2,098,900 shares, compared to its average volume of 3,602,590. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 4.16. Laredo Petroleum, Inc. has a twelve month low of $9.55 and a twelve month high of $15.55. The firm has a market capitalization of $2,519.71, a PE ratio of 21.20, a PEG ratio of 4.16 and a beta of 1.33.

Laredo Petroleum (NYSE:LPI) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Laredo Petroleum had a return on equity of 43.77% and a net margin of 15.92%. The company had revenue of $205.82 million for the quarter, compared to analyst estimates of $178.48 million. During the same period last year, the firm earned $0.12 earnings per share. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. research analysts predict that Laredo Petroleum, Inc. will post 0.5 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. BMO Capital Markets set a $14.00 target price on Laredo Petroleum and gave the company a “hold” rating in a research note on Tuesday, October 10th. Stifel Nicolaus reissued a “buy” rating and issued a $17.00 target price on shares of Laredo Petroleum in a research note on Wednesday, October 4th. Seaport Global Securities reissued a “neutral” rating and issued a $9.50 target price (down from $10.00) on shares of Laredo Petroleum in a research note on Monday, October 9th. Zacks Investment Research raised Laredo Petroleum from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, October 17th. Finally, KeyCorp reissued a “hold” rating on shares of Laredo Petroleum in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. Laredo Petroleum currently has an average rating of “Hold” and a consensus target price of $14.08.

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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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Institutional Ownership by Quarter for Laredo Petroleum (NYSE:LPI)

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