Laredo Petroleum Holdings Inc (NYSE:LPI).
Cardinal Capital Management LLC /ct bought 496,152 shares in quarter ending 09/30/2017 increasing its stake in Laredo Petroleum Holdings Inc (LPI) by 40.7%. Its investment was worth $22,191,000 an increase of $9,355,000 as of the end of the quarter.
Several firms have shifted positions in (LPI). Dimensional Fund Advisors Lp bolstered its ownership by buying 595,303 shares an increase of 20.3%. Dimensional Fund Advisors Lp controls 3,524,237 shares worth $45,569,000. The total value of its holdings increased 47.9%. As of the end of the quarter Ws Management Lllp had bought 2,000,000 shares growing its holdings by 50.8%. The value of the company’s investment in Laredo Petroleum Holdings Inc went from $41,393,000 to $76,736,000 a change of 85.4% for the reporting period.
Raymond James & Associates expanded its holdings by buying 933 shares an increase of 3.6% from 06/30/2017 to 09/30/2017. Raymond James & Associates claims 27,165 shares valued at $351,000. The value of the position overall is up by 27.2%.
Equity analyst BMO Capital Markets lowered the price target on November 2 changing the forecast from $14.00 to $11.00 and issued a “Market Perform” rating. Williams Capital raised the price target of the stock on October 18 boosting the projection from $13.00 to $14.00 with a rating of “Hold”.
BMO Capital Markets released a research note on LPI stating a rating of “Hold” and projecting a price target of $14.00. On October 9 Seaport Global Securities made no change to the stock rating of “Neutral” targeting a price of $9.50.
October 4 investment analysts at Stifel Nicolaus left the company rating at “Buy” projecting a price of $17.00. Equity analyst Piper Jaffray Companies lowered the price target on September 18 changing the price objective from $17.00 to $15.00 and issued a “Overweight” recommendation.
The company is down since yesterday’s close of 10.12. The P/E ratio is currently 20.12 and market cap is 2.43B. In the latest earnings report the EPS was $0.50 with 242.51M shares now outstanding.
Investors are more bearish on Laredo Petroleum Holdings Inc recently if you watch the increase in short interest. The stock realized a rise in short interest from September 29, 2017 to October 13, 2017 of 12.27%. Short shares grew 3,123,048 over that period. Days to cover decreased from 12.0 to 8.0 and the percentage of shorted shares is 0.12% as of October 13.