Numeric Investors LLC Buys Shares of 87,600 Laredo Petroleum, Inc. (LPI)

Numeric Investors LLC bought a new position in Laredo Petroleum, Inc. (NYSE:LPI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 87,600 shares of the oil and gas producer’s stock, valued at approximately $922,000.

A number of other hedge funds also recently modified their holdings of the business. Teacher Retirement System of Texas grew its stake in Laredo Petroleum by 3.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,884 shares of the oil and gas producer’s stock worth $136,000 after acquiring an additional 468 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in Laredo Petroleum by 1.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 35,230 shares of the oil and gas producer’s stock worth $371,000 after acquiring an additional 546 shares in the last quarter. Amalgamated Bank grew its stake in Laredo Petroleum by 3.1% in the 1st quarter. Amalgamated Bank now owns 20,647 shares of the oil and gas producer’s stock worth $301,000 after acquiring an additional 622 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Laredo Petroleum by 4.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,735 shares of the oil and gas producer’s stock worth $176,000 after acquiring an additional 766 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Laredo Petroleum by 2.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 69,338 shares of the oil and gas producer’s stock worth $1,012,000 after acquiring an additional 1,327 shares in the last quarter.

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A number of equities analysts have commented on LPI shares. BMO Capital Markets set a $14.00 target price on shares of Laredo Petroleum and gave the stock a “hold” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Laredo Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Cowen and Company set a $12.00 target price on shares of Laredo Petroleum and gave the stock a “hold” rating in a research note on Tuesday, July 18th. BidaskClub downgraded shares of Laredo Petroleum from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $17.00 target price on shares of Laredo Petroleum in a research note on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Laredo Petroleum presently has an average rating of “Hold” and an average price target of $14.68.

Shares of Laredo Petroleum, Inc. (LPI) opened at 12.80 on Thursday. Laredo Petroleum, Inc. has a 1-year low of $9.57 and a 1-year high of $16.47. The stock has a 50 day moving average of $12.47 and a 200-day moving average of $12.30. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 25.86 and a beta of 1.45.

Laredo Petroleum (NYSE:LPI) last released its quarterly earnings results on Monday, August 7th. The oil and gas producer reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Laredo Petroleum had a net margin of 16.73% and a return on equity of 49.15%. The business had revenue of $187.00 million during the quarter, compared to analysts’ expectations of $173.32 million. During the same quarter last year, the company earned $0.13 EPS. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. Equities analysts anticipate that Laredo Petroleum, Inc. will post $0.63 EPS for the current fiscal year.

Laredo Petroleum Company Profile

Laredo Petroleum, Inc (Laredo) is an independent energy company. The Company is focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties primarily in the Permian Basin in West Texas. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing.

Institutional Ownership by Quarter for Laredo Petroleum (NYSE:LPI)

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