Laredo Petroleum (LPI) Getting Somewhat Positive Media Coverage, Report Finds

News headlines about Laredo Petroleum (NYSE:LPI) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Laredo Petroleum earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 46.4111316343782 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:

A number of brokerages have recently commented on LPI. Robert W. Baird set a $12.00 price objective on Laredo Petroleum and gave the company a “buy” rating in a report on Monday, April 2nd. ValuEngine lowered Laredo Petroleum from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Stephens reissued a “hold” rating and set a $10.00 price objective on shares of Laredo Petroleum in a report on Thursday, March 15th. Bank of America lowered their price objective on Laredo Petroleum from $13.00 to $11.00 and set an “underperform” rating on the stock in a report on Thursday, March 8th. Finally, National Securities reissued a “buy” rating and set a $13.00 price objective on shares of Laredo Petroleum in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. Laredo Petroleum currently has a consensus rating of “Hold” and an average target price of $12.56.

Shares of NYSE:LPI opened at $9.55 on Tuesday. Laredo Petroleum has a twelve month low of $7.41 and a twelve month high of $14.46. The company has a market cap of $2,318.63, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.03.

Laredo Petroleum (NYSE:LPI) last announced its earnings results on Wednesday, February 14th. The oil and gas producer reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. Laredo Petroleum had a return on equity of 30.02% and a net margin of 66.77%. The firm had revenue of $240.34 million during the quarter, compared to the consensus estimate of $212.57 million. During the same quarter in the prior year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. equities research analysts forecast that Laredo Petroleum will post 1.03 earnings per share for the current fiscal year.

Laredo Petroleum announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 14th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the oil and gas producer to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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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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