Laredo Petroleum, Inc. is engaged in the exploration, development and acquisition of oil and natural gas properties that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LPI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Laredo Petroleum could be a solid choice for investors.
Current Quarter Estimates for LPI
In the past 30 days, three estimates have gone higher for Laredo Petroleum while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 18 cents a share 30 days ago, to 19 cents today, a move of 5.6%.
Current Year Estimates for LPI
Meanwhile, Laredo Petroleum’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 50 cents per share 30 days ago to 52 cents per share today, an increase of 1.9%.
Laredo Petroleum, Inc. Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 7.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Why Laredo Petroleum (LPI) Could Be Positioned for a Surge
Laredo Petroleum, Inc. is engaged in the exploration, development and acquisition of oil and natural gas properties that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LPI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Laredo Petroleum could be a solid choice for investors.
Current Quarter Estimates for LPI
In the past 30 days, three estimates have gone higher for Laredo Petroleum while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 18 cents a share 30 days ago, to 19 cents today, a move of 5.6%.
Current Year Estimates for LPI
Meanwhile, Laredo Petroleum’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 50 cents per share 30 days ago to 52 cents per share today, an increase of 1.9%.
Laredo Petroleum, Inc. Price and Consensus
Laredo Petroleum, Inc. Price and Consensus | Laredo Petroleum, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 7.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>