Laredo Petroleum Holdings Inc (NYSE:LPI) Receives Outperform Rating From FBR & Co
- Author: Zachary Reyes Feb 16, 2017,
Feb 16, 2017, 18:20
The company has price to cash ratio of 110.37. The stock stands almost -13.11% off versus the 52-week high and 266.92% away from the 52-week low. A lower P/B ratio could mean that the stock is undervalued. Abbreviated as the P/S ratio or PSR, this ratio is also known as a "sales multiple" or "revenue multiple". The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.16. BlackRock Japan Co. Ltd raised its stake in shares of Laredo Petroleum by 2.0% in the third quarter. The third largest holder is Spo Advisory Corp, which now holds $201.18 million worth of this stock and that ownership represents almost 5.99% of its market capitalization.
The stock increased 1.42% or $0.2 during the last trading session, hitting $14.60. However, it could also mean that something is fundamentally wrong with the company.
Looking forward, for the quarter ending Mar-17, 16 analysts have a mean sales target of 162.43 million. Analyst Recommendation is an outlook of a stock-market analyst on a stock. 3 Months Ago, LPI's stock has been recommended as BUY from 5 and 3 given OVERWEIGHT rating for the company.
The performance for week is 1.07% and the performance for quarter is at 7.22%. The Monthly and Yearly performances are -0.14 percent and 161.3 percent respectively. The shares have accelerated in recent weeks, with their price up about 9.07% in the past three months. The performance for Year to Date (YTD) is -0.21%. The TTM operating margin is 0 percent. VEREIT, Inc. (NYSE:VER), at its latest closing price of $8.65, it has a price-to-book ratio of 0.97, compared to an industry average at 1.71. During last six month record, the net percent change kept by insiders has observed a change of -1.78%. Visium Asset Management LP bought a new position in shares of Laredo Petroleum during the second quarter valued at $111,000. The ROA tells us exactly what earnings were generated from the invested capital. The company's shares were assimilated at $4.52 per share worth to an investment of some $99,765 on account of Foutch Randy A.
P/E Ratio is for valuing a company that measures its current share price relative to its per-share earnings. Finally, KLR Group upgraded shares of Laredo Petroleum from an "accumulate" rating to a "buy" rating and set a $17.00 price target on the stock in a research note on Friday, January 20th. As a company's earnings per share being to rise, so does their market value per share. These holdings make up 99.43% of the company's outstanding shares. This could prove to be a poor investment.
Many analysts are providing their Estimated Earnings analysis for Laredo Petroleum, Inc. and for the current quarter 26 analysts have projected that the stock could give an Average Earnings estimate of $0.16/share. The exploration and production of oil and natural gas properties are conducted by the Company through the exploration and development of its acreage in the Permian Basin.
Mitchell Collin is brilliant content Writer/editor of StreetUpdates.
This article was posted by Community Financial News and is owned by of Community Financial News. He is junior content writer and editor of StreetUpdates.