Laredo Petroleum (LPI) Getting Somewhat Positive Press Coverage, Study Shows

Media coverage about Laredo Petroleum (NYSE:LPI) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.12 on Accern’s scale. Accern also assigned press coverage about the oil and gas producer an impact score of 48.0236297131631 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern’s scoring:

LPI has been the topic of several recent analyst reports. Zacks Investment Research downgraded Laredo Petroleum from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Williams Capital boosted their target price on Laredo Petroleum from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, October 18th. Credit Suisse Group began coverage on shares of Laredo Petroleum in a research report on Monday, December 11th. They issued a “neutral” rating and a $12.00 price objective for the company. Scotiabank set a $14.00 price objective on shares of Laredo Petroleum and gave the stock a “hold” rating in a research report on Wednesday, November 22nd. Finally, BMO Capital Markets set a $14.00 price objective on shares of Laredo Petroleum and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. Laredo Petroleum has an average rating of “Hold” and an average price target of $13.91.

Shares of Laredo Petroleum (NYSE LPI) opened at $11.07 on Tuesday. The company has a market cap of $2,680.00, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.53 and a beta of 1.32. Laredo Petroleum has a 1 year low of $9.46 and a 1 year high of $15.15. 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 (NYSE:LPI) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). Laredo Petroleum had a net margin of 15.92% and a return on equity of 43.77%. The business had revenue of $205.82 million for the quarter, compared to the consensus estimate of $178.48 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The business’s revenue was up 28.9% on a year-over-year basis. equities research analysts forecast that Laredo Petroleum will post 0.52 earnings per share for the current fiscal year.

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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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