Laredo Petroleum Inc (LPI) : Caymus Capital Partners has sold out all of its stake in Laredo Petroleum Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 791,400 shares of Laredo Petroleum Inc which is valued at $8,863,680.
Other Hedge Funds, Including , Compagnie Lombard Odier Scma sold out all of its stake in LPI during the most recent quarter. The investment firm sold 6,143 shares of LPI which is valued $68,802.Menta Capital reduced its stake in LPI by selling 47,647 shares or 51.36% in the most recent quarter. The Hedge Fund company now holds 45,126 shares of LPI which is valued at $505,411. Laredo Petroleum Inc makes up approx 0.07% of Menta Capital’s portfolio.Geode Capital Management boosted its stake in LPI in the latest quarter, The investment management firm added 130,914 additional shares and now holds a total of 893,639 shares of Laredo Petroleum Inc which is valued at $10,008,757. Laredo Petroleum Inc makes up approx 0.01% of Geode Capital Management’s portfolio.State Of Wisconsin Investment Board boosted its stake in LPI in the latest quarter, The investment management firm added 1,800 additional shares and now holds a total of 87,380 shares of Laredo Petroleum Inc which is valued at $978,656.Utah Retirement Systems boosted its stake in LPI in the latest quarter, The investment management firm added 2,300 additional shares and now holds a total of 24,366 shares of Laredo Petroleum Inc which is valued at $255,112. Laredo Petroleum Inc makes up approx 0.01% of Utah Retirement Systems’s portfolio.
Laredo Petroleum Inc opened for trading at $12.79 and hit $13.02 on the upside on Wednesday, eventually ending the session at $12.86, with a gain of 1.34% or 0.17 points. The heightened volatility saw the trading volume jump to 2,769,637 shares. Company has a market cap of $3,088 M.
On the company’s financial health, Laredo Petroleum Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.10. The company had revenue of $146.77 million for the quarter, compared to analysts expectations of $123.51 million. The company’s revenue was down -19.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.
Many Wall Street Analysts have commented on Laredo Petroleum Inc. Laredo Petroleum Inc was Upgraded by Seaport Global Securities to ” Neutral” on Aug 30, 2016. Williams Capital Group Initiated Laredo Petroleum Inc on Aug 29, 2016 to “Hold”, Price Target of the shares are set at $14.Laredo Petroleum Inc was Upgraded by CapitalOne to ” Overweight” on Aug 24, 2016.
Laredo Petroleum Inc. (Laredo) is an independent energy company focused on the acquisition exploration and development of oil and natural gas properties primarily in the Permian Basin in West Texas. The Company’s Permian Basin is comprised of several distinct geological provinces including the Midland Basin to the east the Delaware Basin to the west and the Central Platform in the middle. The Permian Basin is located in West Texas and Southeastern New Mexico where the Company has assembled approximately 196683 net acres. Its primary production and exploitation fairway (Permian-Garden City area) is located on the eastern side of the basin 35 miles east of Midland Texas and extends 20 miles wide (east/west) and 85 miles long (north/south) in Howard Glasscock Reagan Sterling Irion and Tom Green counties. It holds approximately 155405 net acres in 360 sections in the Permian-Garden City area.