The shares of Laredo Petroleum, Inc. (NYSE:LPI) has been pegged with a rating of Neutral by Piper Jaffray in its latest research note that was published on January 9th, 2019. Piper Jaffray wasn’t the only research firm that published a report of Laredo Petroleum, Inc., with other equities research analysts also giving their opinion on the stock. CapitalOne advised investors in its research note published on December 20th, 2018, to Underweight the LPI stock. The stock had earned Underperform rating from Credit Suisse when it published its report on December 19th, 2018. The stock was given Buy rating by MKM Partners in its report released on December 6th, 2018, the day when the price target on the stock was placed at $8. Tudor Pickering was of a view that LPI is Hold in its latest report on May 10th, 2018. Deutsche Bank thinks that LPI is worth Hold rating. This was contained in the firm’s report on February 2nd, 2018 in which the stock’s price target was also moved to $11.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $6.06. The price of the stock the last time has raised by 33.67% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 46.92.
The shares of the company dipped by -4.07% during the trading session on Friday, reaching a low of $3.94 while ending the day at $4.01. During the trading session, a total of 4.8 million shares were traded which represents a 14.56% incline from the average session volume which is 5.62M shares. LPI had ended its last session trading at 4.18. Laredo Petroleum, Inc. currently has a market cap of $977.60M, while its P/E ratio stands at 1.64, while its P/E earnings growth sits at 0.86, with a beta of 1.68. Laredo Petroleum, Inc. debt-to-equity ratio currently stands at 0.95, while its quick ratio hovers at . LPI 52-week low price stands at $3.00 while its 52-week high price is $11.68.
The company in its last quarterly report recorded $0.27 earnings per share which is below the $0.29 predicted by most analysts. The Laredo Petroleum, Inc. generated $279.75 million in revenue during the last quarter, which is slightly higher than the $223.94 million predicted by analysts. In the second quarter last year, the firm recorded $0.25 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 7.41%. Laredo Petroleum, Inc. has the potential to record 2.45 EPS for the current fiscal year, according to equities analysts.
Investment analysts at RBC Capital Mkts published a research note on January 7th, 2019 where it informed investors and clients that EQT Corporation (NYSE:EQT) is now rated as Sector Perform. CapitalOne also rated EQT as Downgrade on December 20th, 2018, with its price target of suggesting that EQT could surge by 31.58% from its current share price. Even though the stock has been trading at $19.79/share, analysts expect it to surge higher by 2.93% to reach $29.77/share. It started the day trading at $20.41 and traded between $19.39 and $20.37 throughout the trading session.
A look at its technical shows that EQT’s 50-day SMA is 21.97 while its 200-day SMA stands at 42.89. The company’s average trading volume currently stands at 10.83M shares, which means that the short-interest ratio is just 2.03 days. Over the past seven days, the company moved, with its shift of 4.35%. Looking further, the stock has dropped -18.03% over the past 90 days while it lost -32.24% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more EQT shares, increasing its portfolio by +2.53% during the last quarter. This move now sees The Vanguard Group Inc purchasing 682,920 shares in the last quarter, thus it now holds 27,693,370 shares of EQT, with a total valuation of $523,127,759. SSgA Funds Management Inc meanwhile bought more EQT shares in the recently filed quarter, changing its stake to $273,901,864 worth of shares. T Rowe Price Associates Inc followed the path by increasing its EQT portfolio by +16.75% in the quarter. This means that T Rowe Price Associates Inc bought 1,998,668 shares in the last quarter and now controls 13,928,893 shares of the EQT stock, with the valuation hitting $263,116,789.
Similarly, BlackRock Fund Advisors increased its EQT Corporation shares by +3.03% during the recently filed quarter. After buying 360,413 shares in the last quarter, the firm now controls 12,270,835 shares of EQT Corporation which are valued at $231,796,073. In the same vein, JPMorgan Investment Management I decreased its EQT Corporation shares by during the most recent reported quarter. The firm sold -2,957,539 shares during the quarter which decreased its stakes to 11,127,364 shares and is now valued at $210,195,906. Following these latest developments, around 0.20% of EQT Corporation stocks are owned by institutional investors and hedge funds.