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Petroleum Plays: Laredo Petroleum (NYSE:LPI)
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Laredo Petroleum, Inc. (NYSE:LPI) has stabilized after a downward run due mostly because of the decline in energy prices. With the stock leveling out now, we look to see how analysts place this energy stock. [Trend Analysis]
Laredo Petroleum, Inc. (NYSE:LPI) last traded at $15.56 after moving up 8.81% for the trading day. The company last released their quarterly earnings results on Feb 26th for the period ended Dec-14. The company reported earnings of $0.15 against a Zack’s research estimate of $0.14. This represents a 7.14% surprise on the expected result.
The current average broker recommendation for Laredo Petroleum, Inc., according to Zack’s research, is 2.19, based on 16 broker ratings. With 1 being a strong buy and 5 being a strong sell, this means that on a consensus basis, analysts currently see Laredo Petroleum, Inc. as a buy. The 12 month target consensus price estimate among these analysts for Laredo Petroleum, Inc. is currently at $13.46.
Out of the 16 broker recommendations for LPI, 6 recommend it as a strong buy, 2 as a buy, 7 as a hold 1 as a sell and 0 as a strong sell.
For the current quarter, the consensus analyst estimate for Laredo Petroleum, Inc. (NYSE:LPI) is $0.02, with analysts expecting year on year growth for the company of -96.79%
About Laredo Petroleum, Inc. (NYSE:LPI)
Laredo Petroleum Holdings, Inc. is engaged in the exploration, development and acquisition of oil and natural gas properties in the Permian and Mid-Continent regions of the United States. Laredo Petroleum Holdings, Inc. is headquartered in Tulsa, Oklahoma.