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.

Investment analysts gave a few price targets for LPI. The maximum price target given was 21, implying potential capital gains of 58.61 percent. The lowest price target was 9, implying a possible loss 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. This can be compared with the average change in earnings estimates over the past 3 months, which is -7.69 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -9.3 percent. 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, while 9 analysts decreased their estimates.

LPI has traded between a high of 16.47 and a low of 9.30 over the past year. Currently the stock is 42.37 percent higher than its low, and 19.61 percent below the high. LPI has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.