Laredo Petroleum, Inc. (NYSE:LPI) stock is currently pricing at roughly $12.70. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 26 analysts covering the company at $17.00. That suggests shares of the stock may have another 25 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $22.00, which would imply another 27 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 10 “Buy” ratings in place. At the same time, 5 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 9 equity research analyst firms call this stock a “Hold” and 0 consider it bad enough to warrant a “Sell” rating.
Analysts at Stifel took a look at LPI shares in a research note released on Apr 13, 2017, and issued a Buy rating to this company. Seaport Global Securities analysts provided their own take on company recently as well. In a research note published on Mar 31, 2017,the house assigned a Buy rating to this stock. According to a piece that hit the wires on Feb 21, 2017, researchers at Piper Jaffray reconsidered their prior rating on the stock, and upped it from Neutral Perform to Overweight.
Laredo Petroleum, Inc. (LPI) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 1.30 percent of the stock.
If we take a more granular look, Mr. Randy A. Foutch is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 896,289 shares, representing a total current market value of roughly $11382870.3. Mr. Richard C. Buterbaugh is another major player among company insiders, currently holding 245,336 shares as of 0.1%, carrying a current market value of $3115767.2. Mr. Peter R. Kagan is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 231,213 shares, valued at around $2936405.1 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2017-03-31, the company’s Director KAGAN PETER sold 163,207 company shares for 2340390. That means, once accounting for this transaction, the Director is left with a stake of 77,738,152 shares, carrying a current total market value of $987274530. In addition, by means of a transaction dated 2017-03-31, Sr. VP – Exploration & Land Curth Patrick J sold 43,830 shares worth $631590. After that transaction, this investor is left with a total holding of 209,599 shares, representing a total investment value of $2661907.3. We also noted a 2016-08-29 transaction in which LPI Sr. VP – Exploration & Land Curth Patrick J sold 17,000 shares at a stock price of $12.57, carrying a total value of $213690, after which, this insider’s investment stands at 172,926 shares, with an overall financial value of $2196160.
Laredo Petroleum, Inc. (NYSE:LPI) Earnings View
In the company’s last quarter, LPI EPS moved to $0.16 from $0.12 compared sequentially with the prior quarter. Revenues for the company came in at $184.31MM. This stacks up against $159.73MM, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $0.15 per share on $160.73MM in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $0.09 to $0.15. On a year-over-year basis, that compares with an EPS comp of $0.08.