Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued. The institutional investor held 608,526 shares of the technology company at the end of 2017Q3, valued at $13.39M, up from 563,993 at the end of the previous reported quarter.
The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E. Laredo Petroleum Holdings Inc (NYSE:LPI) has a current PEG of 0.31. About 1.99 million shares traded or 32.73% up from the average. It has outperformed by 134.32% the S&P500.
Laredo Petroleum, Inc. operates as an independent energy firm in the United States. Columbia Pacific Advisors Llc sold 25,700 shares as the company's stock declined 8.43% while stock markets rallied.
Fulton Bank decreased Natixis Fds Tr Ii (VNVYX) stake by 72,824 shares to 256,999 valued at $5.76M in 2017Q3. (LPI). The consensus rating is 2.6, suggesting the market has given up on the stock.
Shares of Laredo Petroleum (LPI) traded up $0.32 during mid-day trading on Friday, hitting $8.96. Laredo Petroleum, Inc. (NYSE:LPI) has risen 17.65% since March 12, 2017 and is uptrending. It has outperformed by 0.95% the S&P500.
Laredo Petroleum (NYSE:LPI) last issued its earnings results on Wednesday, February 14th. LPI's profit will be $57.44M for 9.00 P/E if the $0.24 EPS becomes a reality. The business's quarterly revenue was up 30.4% on a year-over-year basis. sell-side analysts forecast that Laredo Petroleum will post 1.02 earnings per share for the current year. Therefore 34% are positive. Flossbach Von Storch Ag sold 10,088 shares as the company's stock rose 13.55% with the market. Cowen & Co maintained it with "Hold" rating and $12.0 target in Friday, September 15 report. BMO Capital Markets maintained Laredo Petroleum, Inc.
Laredo Petroleum Inc (NYSE:LPI) had a decrease of 13.36% in short interest. The company was upgraded on Tuesday, August 30 by Seaport Global. They set a "buy" rating on the stock. The company was initiated on Thursday, December 3 by Nomura. Legal & General Group Plc boosted its stake in Laredo Petroleum by 18.4% during the 3rd quarter.
ILLEGAL ACTIVITY NOTICE: "Laredo Petroleum's (NYSE:LPI) Buy Rating Reiterated at National Securities" was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. Laredo Petroleum does not pay a dividend.
Investors sentiment increased to 1.39 in 2017 Q3. Its up 0.26, from 0.94 in 2017Q2. It improved, as 57 investors sold CMI shares while 253 reduced holdings. However the company reported $0.1 earnings per share for the same quarter during previous year. Panagora Asset Mngmt holds 0% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). Axa stated it has 118,374 shares. Elkfork Partners LLC bought a new stake in Laredo Petroleum during the 4th quarter valued at about $131,000. Wafra Advisory Gp Ny holds 4,896 shares or 0.02% of its portfolio.
Bank of America now has a $11 target on shares of Laredo Petroleum (NYSE:LPI). (NYSE:LPI) for 15,491 shares. Employees Retirement Association Of Colorado reported 0% in Laredo Petroleum, Inc. Strs Ohio holds 177,750 shares. The New York-based D E Shaw And Commerce has invested 0.02% in Laredo Petroleum, Inc. The institutional investor held 50,319 shares of the health care company at the end of 2017Q3, valued at $9.56 million, down from 52,119 at the end of the previous reported quarter. (NYSE:LPI). Icon Advisers has invested 0.44% in Laredo Petroleum, Inc. (NYSE:LPI). 718,979 were reported by Connor Clark & Lunn Investment Management.
Wells Fargo Communications Mn reported 0% stake. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.85 and a current ratio of 0.85. 23 funds opened positions while 47 raised stakes. Ameritas Prtn Inc stated it has 0% in Carbonite, Inc. (NYSE:LPI). Campbell & Com Invest Adviser Ltd Liability Corp, Maryland-based fund reported 26,265 shares. Impala Asset Ltd Liability Corporation holds 1.56% of its portfolio in Laredo Petroleum, Inc. Commonwealth Equity Service owns 89,724 shares. 4,874 are owned by Veritable Limited Partnership. Pacad Limited has invested 0% of its portfolio in Carbonite, Inc. (NYSE:CMI). Kessler Gru Lc owns 3.98% invested in Cummins Inc. Its up 6.52% from 8.18M shares previously. Virginia Retirement Systems Et Al holds 33,800 shares or 0.01% of its portfolio. (NASDAQ:CARB). Aperio Lc invested 0% of its portfolio in Carbonite, Inc. Anthem Inc had 75 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was upgraded by KLR on Monday, December 7 to "Hold". The firm has "Buy" rating by Sterne Agee CRT given on Monday, July 27. Furthermore on 12/12/17 Credit Suisse "Initiates Coverage On" the stock to Neutral at $12. On Wednesday, September 6 the stock rating was maintained by Piper Jaffray with "Buy". The mean target projections are based on 23 opinions. (NASDAQ:CARB) on Tuesday, October 11 to "Outperform" rating. The stock of Cummins Inc. Qs Limited Liability Company reported 13,300 shares. Zacks downgraded Carbonite, Inc. (NYSE:LPI) earned "Sector Perform" rating by Scotia Capital on Saturday, August 15.