Media coverage about Laredo Petroleum (NYSE:LPI) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Laredo Petroleum earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the oil and gas producer an impact score of 46.6949513378478 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s analysis:
- FY2019 Earnings Estimate for Laredo Petroleum Inc Issued By KeyCorp (LPI) (americanbankingnews.com)
- Laredo Petroleum Inc Expected to Earn Q1 2018 Earnings of $0.22 Per Share (LPI) (americanbankingnews.com)
- Reviewing ConocoPhillips (COP) & Laredo Petroleum (LPI) (americanbankingnews.com)
- Laredo Petroleum (LPI) Given “Buy” Rating at National Securities (americanbankingnews.com)
- Laredo Petroleum Expects to be Operating within Cash Flow by YE2018 (oilandgas360.com)
Laredo Petroleum (NYSE LPI) opened at $8.39 on Wednesday. The stock has a market cap of $2,030.00, a P/E ratio of 3.68, a PEG ratio of 1.67 and a beta of 1.21. Laredo Petroleum has a 1 year low of $7.41 and a 1 year high of $15.15. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.85 and a quick ratio of 0.85.
Laredo Petroleum declared that its Board of Directors has initiated a share buyback program on Wednesday, February 14th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the oil and gas producer to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Several research firms recently commented on LPI. National Securities reiterated a “buy” rating and set a $13.00 target price on shares of Laredo Petroleum in a research report on Friday, February 16th. Williams Capital reiterated a “hold” rating and set a $11.00 target price on shares of Laredo Petroleum in a research report on Thursday, February 15th. Deutsche Bank began coverage on shares of Laredo Petroleum in a research report on Thursday, February 1st. They set a “hold” rating and a $11.00 target price on the stock. Zacks Investment Research downgraded shares of Laredo Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $15.00 target price on shares of Laredo Petroleum in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.03.
About Laredo Petroleum
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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