FY2022 Earnings Forecast for Laredo Petroleum

Research analysts at Capital One Financial raised their FY2022 earnings per share (EPS) estimates for Laredo Petroleum in a report issued on Thursday, December 29th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings of $22.05 per share for the year, up from their prior estimate of $21.76. The consensus estimate for Laredo Petroleum’s current full-year earnings is $21.99 per share.

Capital One Financial also issued estimates for Laredo Petroleum’s Q4 2022 earnings at $4.07 EPS, Q1 2023 earnings at $6.67 EPS, Q2 2023 earnings at $6.95 EPS, Q3 2023 earnings at $7.35 EPS, Q4 2023 earnings at $7.84 EPS, FY2023 earnings at $28.81 EPS and FY2024 earnings at $27.56 EPS.

A number of other research firms have also issued reports on LPI. Piper Sandler increased their price target on Laredo Petroleum from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday, November 17th. JPMorgan Chase & Co. downgraded Laredo Petroleum from a “neutral” rating to an “underweight” rating and set a $69.00 price target on the stock. in a research note on Monday, December 5th. Raymond James dropped their price target on Laredo Petroleum from $75.00 to $63.00 and set an “outperform” rating on the stock in a research note on Monday, December 12th.

Finally, StockNews.com began coverage on Laredo Petroleum in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $89.80.

[Read More…]

Subscribe Us

By clicking submit, I authorize Capitalize Financial and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here