Horseman Capital Management LTD Has Lifted By $2.08 Million Its Alibaba Group Holding LTD (BABA) Position; Laredo Petroleum (LPI) Sentiment Is 1.39

May 24, 2018 - By Winifred Garcia

Laredo Petroleum, Inc. (NYSE:LPI) Logo

Horseman Capital Management Ltd increased Alibaba Group Holding Ltd (BABA) stake by 30.33% reported in 2017Q4 SEC filing. Horseman Capital Management Ltd acquired 12,100 shares as Alibaba Group Holding Ltd (BABA)’s stock rose 3.18%. The Horseman Capital Management Ltd holds 52,000 shares with $8.97M value, up from 39,900 last quarter. Alibaba Group Holding Ltd now has $507.47B valuation. The stock increased 0.36% or $0.7 during the last trading session, reaching $197.5. About 17.21 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since May 24, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Laredo Petroleum Inc (LPI) investors sentiment increased to 1.39 in Q4 2017. It’s up 0.19, from 1.2 in 2017Q3. The ratio has increased, as 79 funds started new or increased stock positions, while 57 sold and decreased their holdings in Laredo Petroleum Inc. The funds in our database now own: 251.28 million shares, down from 254.15 million shares in 2017Q3. Also, the number of funds holding Laredo Petroleum Inc in top ten stock positions decreased from 6 to 3 for a decrease of 3. Sold All: 17 Reduced: 40 Increased: 50 New Position: 29.

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.

Warburg Pincus Llc holds 16.69% of its portfolio in Laredo Petroleum, Inc. for 77.67 million shares. Sailingstone Capital Partners Llc owns 39.63 million shares or 12.17% of their US portfolio. Moreover, Spo Advisory Corp has 4.67% invested in the company for 21.21 million shares. The Washington-based Columbia Pacific Advisors Llc has invested 2.97% in the stock. Ws Management Lllp, a Florida-based fund reported 6.02 million shares.

Ratings analysis reveals 67% of Laredo Petroleum’s analysts are positive. Out of 9 Wall Street analysts rating Laredo Petroleum, 6 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $14.0 while the high is $18.0. The stock’s average target of $15.33 is 63.96% above today’s ($9.35) share price. LPI was included in 9 notes of analysts from August 24, 2016. The rating was upgraded by Tudor Pickering to “Buy” on Wednesday, January 18. The firm has “Outperform” rating given on Tuesday, September 13 by FBR Capital. The rating was upgraded by CapitalOne on Wednesday, August 24 to “Overweight”. Williams Capital Group initiated the stock with “Hold” rating in Monday, August 29 report. SunTrust upgraded the stock to “Buy” rating in Friday, January 20 report. The company was downgraded on Thursday, October 13 by Credit Suisse. Seaport Global Securities upgraded Laredo Petroleum, Inc. (NYSE:LPI) on Tuesday, August 30 to “Neutral” rating. Stifel Nicolaus initiated it with “Buy” rating and $18.0 target in Thursday, April 13 report. The rating was upgraded by Piper Jaffray on Tuesday, February 21 to “Overweight”.

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 $60.76M for 8.99 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.

Laredo Petroleum, Inc. operates as an independent energy firm in the United States. The company has market cap of $2.19 billion. It operates through two divisions, Exploration and Production of Oil and Natural Gas Properties; and Midstream and Marketing. It has a 4.08 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.

The stock decreased 0.95% or $0.09 during the last trading session, reaching $9.35. About 2.94M shares traded. Laredo Petroleum, Inc. (LPI) has declined 35.20% since May 24, 2017 and is downtrending. It has underperformed by 46.75% the S&P500.

Horseman Capital Management Ltd decreased Potash Corp Of Saskatchewan Inc (NYSE:POT) stake by 131,500 shares to 1.22M valued at $25.21M in 2017Q4. It also reduced Yy Inc (NASDAQ:YY) stake by 3,400 shares and now owns 99,900 shares. Star Bulk Carriers Corp was reduced too.

Among 39 analysts covering Alibaba (NYSE:BABA), 37 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 178 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Overweight” rating by Morgan Stanley on Friday, August 12. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Bank of America on Thursday, September 7. Oppenheimer maintained Alibaba Group Holding Limited (NYSE:BABA) on Wednesday, October 28 with “Outperform” rating. As per Friday, August 12, the company rating was maintained by Brean Capital. The firm has “Buy” rating given on Monday, August 14 by Jefferies. The company was maintained on Wednesday, August 12 by Cantor Fitzgerald. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Outperform” rating by Oppenheimer on Monday, November 6. The rating was maintained by Robert W. Baird with “Buy” on Thursday, February 1. The rating was maintained by RBC Capital Markets on Thursday, August 13 with “Outperform”. RBC Capital Markets maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Thursday, November 3. RBC Capital Markets has “Outperform” rating and $120 target.

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

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