LaSalle Street Capital Management LLC Continues to Hold Holdings in Laredo Petroleum, Inc. (LPI)

LaSalle Street Capital Management LLC continued to hold its position in Laredo Petroleum, Inc. (NYSE:LPI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,446 shares of the oil and gas producer’s stock at the close of the second quarter. LaSalle Street Capital Management LLC’s holdings in Laredo Petroleum were worth $152,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its position in shares of Laredo Petroleum by 3.8% in the second quarter. Teacher Retirement System of Texas now owns 12,884 shares of the oil and gas producer’s stock valued at $136,000 after acquiring an additional 468 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of Laredo Petroleum by 1.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 35,230 shares of the oil and gas producer’s stock valued at $371,000 after acquiring an additional 546 shares during the period. Amalgamated Bank boosted its position in shares of Laredo Petroleum by 3.1% in the first quarter. Amalgamated Bank now owns 20,647 shares of the oil and gas producer’s stock valued at $301,000 after acquiring an additional 622 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Laredo Petroleum by 4.8% in the second quarter. BNP Paribas Arbitrage SA now owns 16,735 shares of the oil and gas producer’s stock valued at $176,000 after acquiring an additional 766 shares during the period. Finally, CIBC World Markets Inc. boosted its position in shares of Laredo Petroleum by 7.2% in the first quarter. CIBC World Markets Inc. now owns 17,010 shares of the oil and gas producer’s stock valued at $248,000 after acquiring an additional 1,136 shares during the period.

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LPI has been the subject of a number of analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $17.00 price objective on shares of Laredo Petroleum in a research report on Friday, July 14th. Zacks Investment Research raised shares of Laredo Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Cowen and Company set a $12.00 target price on shares of Laredo Petroleum and gave the company a “hold” rating in a research note on Tuesday, July 18th. BidaskClub raised shares of Laredo Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Scotiabank set a $13.00 target price on shares of Laredo Petroleum and gave the company a “hold” rating in a research note on Saturday, July 1st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.72.

Laredo Petroleum, Inc. (NYSE LPI) traded up 0.25% on Friday, hitting $12.20. 418,413 shares of the company’s stock traded hands. Laredo Petroleum, Inc. has a 12 month low of $9.57 and a 12 month high of $16.47. The stock has a 50 day moving average price of $12.19 and a 200-day moving average price of $12.41. The stock has a market cap of $2.92 billion, a P/E ratio of 24.65 and a beta of 1.44.

Laredo Petroleum (NYSE:LPI) last posted its earnings results on Monday, August 7th. The oil and gas producer reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $187.00 million for the quarter, compared to the consensus estimate of $173.32 million. Laredo Petroleum had a net margin of 16.73% and a return on equity of 49.15%. The firm’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. Equities analysts predict that Laredo Petroleum, Inc. will post $0.51 earnings per share for the current fiscal year.

Laredo Petroleum 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.

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

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