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 lowest price target was 9, which equates to a potential downside of -32.02 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -12.5 percent.

People are often interested in whether analysts were united in the direction of their revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 5 analysts made negative revisions. Over the same time period, 4 analysts revised their FY earnings estimates upwards, compared to 9 analysts that revised their FY estimates downwards.

In the trailing 52-weeks, LPI hit 16.47 at the highest peak, while it's lowest trading point was 9.30. The current market price is above the trailing year's low by 42.37 percent, and 19.61 percent lower than its 52-week high. 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.