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.
Several price targets were given for LPI by the analysts covering the stock. The highest price target was 21, implying potential capital gains of 58.61 percent. The most pessimistic analyst gave a price target of 9, implying potential capital losses of -32.02 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -4.17 percent on average, compared to last month. That number becomes -7.69 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -9.3 percent. If we look at the last 90 days instead, we find a net average change of -12.5 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 5 analysts that decreased their estimates. Over the same time period, 4 analysts revised their FY earnings estimates upwards, while 9 analysts made negative revisions to their fiscal year's estimates.
In the last 52-weeks, LPI has achieved a high of 16.47 and a low of 9.30. The current market price is above the trailing year's low by 42.37 percent, and below the high by 19.61 percent. 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 market cap of LPI is $3.13 billion. LPI will post this quarters earnings in days, on 0000-00-00.