Laredo Petroleum, Inc. (LPI) Reaches $9.63 After 5.00% Down Move; Taylor Asset Management Cut Whirlpool (WHR) Position

May 20, 2018 - By Migdalia James

Whirlpool Corporation (NYSE:WHR) Logo

Taylor Asset Management Inc decreased Whirlpool Corp (WHR) stake by 2.63% reported in 2017Q4 SEC filing. Taylor Asset Management Inc sold 5,300 shares as Whirlpool Corp (WHR)’s stock declined 11.00%. The Taylor Asset Management Inc holds 196,483 shares with $33.31 million value, down from 201,783 last quarter. Whirlpool Corp now has $11.52 billion valuation. The stock increased 0.51% or $0.83 during the last trading session, reaching $162.68. About 3.73 million shares traded or 272.96% up from the average. Whirlpool Corporation (NYSE:WHR) has declined 10.04% since May 20, 2017 and is downtrending. It has underperformed by 21.59% the S&P500.

The stock of Laredo Petroleum, Inc. (NYSE:LPI) is a huge mover today! The stock decreased 3.51% or $0.35 during the last trading session, reaching $9.63. About 3.31 million shares traded. Laredo Petroleum, Inc. (NYSE:LPI) has declined 35.20% since May 20, 2017 and is downtrending. It has underperformed by 46.75% the S&P500.The move comes after 8 months negative chart setup for the $2.25 billion company. It was reported on May, 20 by Barchart.com. We have $9.15 PT which if reached, will make NYSE:LPI worth $112.50M less.

Among 34 analysts covering Laredo Petroleum Holdings Inc (NYSE:LPI), 12 have Buy rating, 3 Sell and 19 Hold. Therefore 35% are positive. Laredo Petroleum Holdings Inc had 105 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird reinitiated Laredo Petroleum, Inc. (NYSE:LPI) rating on Tuesday, December 19. Robert W. Baird has “Outperform” rating and $14 target. The stock has “Hold” rating by Tudor Pickering on Thursday, May 10. On Tuesday, June 14 the stock rating was upgraded by iBERIA Capital Partners to “Outperform”. Piper Jaffray maintained Laredo Petroleum, Inc. (NYSE:LPI) on Wednesday, September 6 with “Buy” rating. The firm earned “Hold” rating on Friday, September 15 by Cowen & Co. The stock of Laredo Petroleum, Inc. (NYSE:LPI) has “Neutral” rating given on Thursday, December 3 by Nomura. The stock has “Hold” rating by Williams Capital Group on Thursday, May 3. On Friday, August 7 the stock rating was maintained by Northland Capital with “Market Perform”. Williams Capital Group maintained it with “Hold” rating and $14.0 target in Wednesday, October 18 report. The firm has “Hold” rating by Credit Suisse given on Monday, December 11.

Analysts await Laredo Petroleum, Inc. (NYSE:LPI) to report earnings on August, 6. They expect $0.26 earnings per share, up 160.00% or $0.16 from last year’s $0.1 per share. LPI’s profit will be $60.75M for 9.26 P/E if the $0.26 EPS becomes a reality. After $0.24 actual earnings per share reported by Laredo Petroleum, Inc. for the previous quarter, Wall Street now forecasts 8.33% EPS growth.

More news for Laredo Petroleum, Inc. (NYSE:LPI) were recently published by: Globenewswire.com, which released: “Laredo Petroleum Announces 2018 First-Quarter Financial and Operating Results” on May 02, 2018. Seekingalpha.com‘s article titled: “Laredo Petroleum (LPI) Q1 2018 Results – Earnings Call Transcript” and published on May 03, 2018 is yet another important article.

Investors sentiment increased to 1.39 in Q4 2017. Its up 0.19, from 1.2 in 2017Q3. It is positive, as 17 investors sold Laredo Petroleum, Inc. shares while 40 reduced holdings. 29 funds opened positions while 50 raised stakes. 251.28 million shares or 1.13% less from 254.15 million shares in 2017Q3 were reported. United Kingdom-based Barclays Public Ltd Co has invested 0% in Laredo Petroleum, Inc. (NYSE:LPI). Wisconsin-based Northwestern Mutual Wealth Mngmt has invested 0% in Laredo Petroleum, Inc. (NYSE:LPI). Guggenheim Capital Lc reported 103,076 shares. Geode Cap Limited Co owns 1.13M shares or 0% of their US portfolio. Prudential Financial reported 0.02% stake. Menta Capital Ltd Liability invested in 35,446 shares or 0.07% of the stock. Principal Group Incorporated has invested 0% in Laredo Petroleum, Inc. (NYSE:LPI). Raymond James And Assocs reported 0% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). Waddell Reed invested 0.1% in Laredo Petroleum, Inc. (NYSE:LPI). Qs Invsts has invested 0% in Laredo Petroleum, Inc. (NYSE:LPI). Rhumbline Advisers accumulated 171,997 shares or 0% of the stock. Wells Fargo And Mn stated it has 0% in Laredo Petroleum, Inc. (NYSE:LPI). California Public Employees Retirement Systems stated it has 638,688 shares. Employees Retirement Association Of Colorado owns 36,263 shares. Icon Advisers holds 483,150 shares.

Laredo Petroleum, Inc. operates as an independent energy firm in the United States. The company has market cap of $2.25 billion. It operates through two divisions, Exploration and Production of Oil and Natural Gas Properties; and Midstream and Marketing. It has a 4.21 P/E ratio. It focuses on the acquisition, exploration, and development of oil and natural gas properties; and the transportation of oil and natural gas primarily in the Permian Basin in West Texas, as well as rig fuel, natural gas lift, and water delivery and takeaway services.

Analysts await Whirlpool Corporation (NYSE:WHR) to report earnings on July, 25. They expect $3.86 earnings per share, up 15.22% or $0.51 from last year’s $3.35 per share. WHR’s profit will be $273.27 million for 10.54 P/E if the $3.86 EPS becomes a reality. After $2.81 actual earnings per share reported by Whirlpool Corporation for the previous quarter, Wall Street now forecasts 37.37% EPS growth.

Since April 30, 2018, it had 0 buys, and 1 insider sale for $303,908 activity. The insider Liotine Joseph T. sold 1,950 shares worth $303,908.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.09, from 1.02 in 2017Q3. It worsened, as 58 investors sold WHR shares while 199 reduced holdings. 78 funds opened positions while 160 raised stakes. 60.28 million shares or 7.26% less from 65.00 million shares in 2017Q3 were reported. Deutsche Fincl Bank Ag reported 0.04% stake. Adell Harriman Carpenter invested in 1,949 shares or 0.07% of the stock. Cullen Frost Bankers Inc, a Texas-based fund reported 76,645 shares. Rhumbline Advisers accumulated 124,618 shares. Natl Bank Of Montreal Can has invested 0.01% in Whirlpool Corporation (NYSE:WHR). Goldman Sachs Gru Incorporated owns 0.02% invested in Whirlpool Corporation (NYSE:WHR) for 452,314 shares. Fdx Advsr has invested 0.01% in Whirlpool Corporation (NYSE:WHR). Edinburgh Prtn Limited stated it has 7.09% of its portfolio in Whirlpool Corporation (NYSE:WHR). Hudock Gp Ltd Liability holds 0.01% or 200 shares in its portfolio. Liberty Mutual Gp Asset holds 0.01% or 2,909 shares in its portfolio. Pacad Inv accumulated 2,400 shares. Arrowgrass Capital Prns (Us) Limited Partnership reported 0.1% of its portfolio in Whirlpool Corporation (NYSE:WHR). Stephens Inc Ar owns 8,632 shares or 0.05% of their US portfolio. Chesley Taft And Assocs Limited Com invested 0.05% of its portfolio in Whirlpool Corporation (NYSE:WHR). Kayne Anderson Rudnick Invest Limited Liability Co accumulated 70,859 shares.

Among 10 analysts covering Whirlpool (NYSE:WHR), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Whirlpool had 34 analyst reports since August 13, 2015 according to SRatingsIntel. JP Morgan upgraded the shares of WHR in report on Tuesday, March 15 to “Overweight” rating. The company was upgraded on Thursday, February 4 by Goldman Sachs. On Tuesday, October 24 the stock rating was downgraded by Bank of America to “Hold”. The stock of Whirlpool Corporation (NYSE:WHR) has “Buy” rating given on Tuesday, October 27 by Gabelli. The firm earned “Neutral” rating on Tuesday, October 6 by Goldman Sachs. The stock of Whirlpool Corporation (NYSE:WHR) earned “Hold” rating by Credit Suisse on Tuesday, October 24. The stock of Whirlpool Corporation (NYSE:WHR) has “Hold” rating given on Monday, April 9 by Bank of America. The firm has “Buy” rating given on Monday, July 24 by RBC Capital Markets. The firm earned “Top Pick” rating on Monday, October 26 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, June 1 by RBC Capital Markets.

More news for Whirlpool Corporation (NYSE:WHR) were recently published by: Seekingalpha.com, which released: “Whirlpool reaffirms profit guidance” on April 23, 2018. Seekingalpha.com‘s article titled: “Whirlpool Corporation 2018 Q1 – Results – Earnings Call Slides” and published on April 24, 2018 is yet another important article.

Laredo Petroleum, Inc. (NYSE:LPI) Institutional Positions Chart

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