Analyst Ratings for Laredo Petroleum Inc. (LPI)

Updated: 2017-07-28

Shares of Laredo Petroleum Inc. (NYSE:LPI) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for LPI last month.

A buy rating was issued by 9 analysts, 3 gave an overweight rating, 12 gave a hold rating, 1 issued an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 2. During this time, the number of analysts bearish on the stock has decreased by 1.

Many analysts weighed in on price targets for LPI. The highest price target was 21, which equates to a potential upside of 58.61 percent. The most pessimistic analyst gave a price target of 9, which equates to a potential downside of -32.02 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -4.17 percent. That number becomes -7.69 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -9.3 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -12.5 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 5 analysts made negative revisions. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 9 analysts made negative revisions to their fiscal year's estimates.

In the trailing 52-weeks, LPI hit 16.47 at the highest peak, while it's lowest trading point was 9.30. Today's price is 42.37 percent above the 52-week low, and below the high by 19.61 percent. LPI has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The LPI value stock report compares LPI to some of its peers using value stock charts. The stock has a market capitalization of $3.13 billion. LPI is estimated to release their earnings results for the quarter on 0000-00-00, days from today.