Laredo Petroleum Inc (LPI) Director Peter Kagan Sells 12,300,000 Shares

Peter Kagan, director of Laredo Petroleum Inc. (LPI), sells 12,300,000 shares Peter Kagan, director of Laredo Petroleum Inc. (NYSE: LPI), sold 12,300,000 shares of the company in a transaction that took place on Thursday, September 27th. The shares were sold at an average price of $ 8.08, for a total transaction of $ 99,384,000.00. At the end of the transaction, the director now holds 115,107 shares of the company, valued at approximately $ 930,064.56. The transaction was disclosed in a presentation to the Securities and Exchange Commission, which can be accessed.

LPI shares traded at a low of $ 0.08 during trading hours on Friday, reaching $ 6.48. The share had a trading volume of 6,224,832 shares, compared to its average volume of 4,218,214. The market capitalization of the stock is $ 1,920 million, the C / B ratio of $ 10.80, the C / B / G ratio of 1.44 and the beta of 1.21. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.60 and a fast ratio of 0.60. Laredo Petroleum Inc. has a minimum of fifty-two weeks of $ 6.36 and a maximum of fifty-two weeks of $ 13.01

Laredo Petroleum (NYSE: LPI) reported its quarterly results for the last time on Wednesday, August 1st. The oil and gas producer reported EPS of $ 0.25 for the quarter, but analysts' estimates were not estimated at $ 0.29 ($ 0.04). The company generated $ 351.05 million in revenue in the quarter, compared with analysts' estimates of $ 225.75 million. Laredo Petroleum had a net margin of 51.05% and a return on equity of 25.80%. Business revenues increased 87.7% from the same quarter last year. During the same quarter of the previous year, the company realized EPS of $ 0.10. As a group, market research analysts expect Laredo Petroleum Inc. to publish 1.14 EPS for the current year.

LPI has been the subject of several reports by research analysts. Williams Capital reiterated a "retention" rating and issued a $ 10.00 price target for Laredo Petroleum shares in a report released on Tuesday, August 21st. Piper Jaffray has set a target price of $ 14.00 for Laredo Petroleum shares and awarded it a "buy" rating in a report released on Sunday, August 5th. Finally, Bank of America lowered its target price of Laredo Petroleum shares from $ 12.00 to $ 11.00 and awarded the company a "lower performance" rating in a report released on Thursday, August 2nd. Three analysts assigned a share sale rating, ten issued a retention rating and four attributed a purchase note to the company's shares. The stock currently has an average rating of "retention" and an average price of $ 12.43.

Several institutional investors and hedge funds have recently changed their LPI holdings. BlackRock Inc. increased its position in Laredo Petroleum shares by 60.3% in the second quarter. BlackRock Inc. now holds 10,509,841 shares of oil and gas producers worth $ 101,104,000 after purchasing an additional 3,954,104 shares during the period. LSV Asset Management increased its position in Laredo Petroleum shares by 267.0% in the second quarter. LSV Asset Management now holds 3,452,709 shares of oil and gas producers worth $ 33,215,000 after purchasing 2,512,009 additional shares during the period. Dimensional Fund Advisors LP increased its position in Laredo Petroleum shares by 52.4% in the second quarter. Dimensional Fund Advisors LP now holds 7,234,971 shares of the oil and gas producer valued at $ 69,599,000 after purchasing 2,487,113 additional shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in Laredo Petroleum shares in the second quarter for an approximate value of $ 17,730,000. Finally, Schroder Investment Management Group increased its position in Laredo Petroleum shares by 222.0% in the second quarter. The Schroder Investment Management Group now holds 2,060,930 shares of oil and gas producers worth $ 19,352,000 after purchasing an additional 1,420,930 shares during the period.

About Laredo Petroleum

Laredo Petroleum, Inc. operates as an independent energy company in the United States. Operates through two segments, Exploration and Production; and Midstream and Marketing. The company is dedicated to the acquisition, exploration and development of oil and gas properties; and the transportation of oil and natural gas primarily to the Permian Basin in western Texas, as well as platform fuel, natural gas transportation, water supply and take-out services. .