GTT Communications (GTT) At $32.60 Forms Top; Laredo Petroleum (LPI) Shorts Increased By 8.77%

October 12, 2017 - By Linda Rogers

Laredo Petroleum Incorporated (NYSE:LPI) had an increase of 8.77% in short interest. LPI’s SI was 21.37M shares in October as released by FINRA. Its up 8.77% from 19.64M shares previously. With 2.28 million avg volume, 9 days are for Laredo Petroleum Incorporated (NYSE:LPI)’s short sellers to cover LPI’s short positions. About 109,409 shares traded. Laredo Petroleum Inc (NYSE:LPI) has risen 17.65% since October 12, 2016 and is uptrending. It has outperformed by 0.95% the S&P500.

GTT Communications Inc (GTT) formed multiple top with $35.21 target or 8.00% above today’s $32.60 share price. GTT Communications Inc (GTT) has $1.33 billion valuation. About 8,550 shares traded. GTT Communications Inc (NYSE:GTT) has risen 78.59% since October 12, 2016 and is uptrending. It has outperformed by 61.89% the S&P500.

Investors sentiment decreased to 0.94 in Q2 2017. Its down 0.77, from 1.71 in 2017Q1. It is negative, as 32 investors sold Laredo Petroleum Inc shares while 49 reduced holdings. 19 funds opened positions while 57 raised stakes. 253.36 million shares or 3.14% more from 245.64 million shares in 2017Q1 were reported. 77,740 were accumulated by Alliancebernstein L P. Dimensional Fund Advisors Lp owns 2.93M shares or 0.01% of their US portfolio. Encompass Advsrs reported 10.7% of its portfolio in Laredo Petroleum Inc (NYSE:LPI). Tiaa Cref Invest Management Llc holds 0% of its portfolio in Laredo Petroleum Inc (NYSE:LPI) for 447,135 shares. Legal General Gru Public Limited Co invested in 0% or 53,014 shares. Magnetar Financial Lc has 0.01% invested in Laredo Petroleum Inc (NYSE:LPI). Hbk Invests Limited Partnership accumulated 500,605 shares or 0.05% of the stock. Commonwealth Equity Svcs holds 0.01% or 92,015 shares. Susquehanna Grp Llp has 0% invested in Laredo Petroleum Inc (NYSE:LPI) for 77,200 shares. 3.08 million were reported by Goldman Sachs Gru. Prudential Financial Incorporated accumulated 1.35 million shares or 0.02% of the stock. Fil Limited has invested 0% of its portfolio in Laredo Petroleum Inc (NYSE:LPI). Creative Planning holds 200 shares. Tph Asset Ltd Liability holds 1.53M shares or 1.81% of its portfolio. Toronto Dominion Bank & Trust has 44 shares for 0% of their portfolio.

Among 32 analysts covering Laredo Petroleum Holdings Inc (NYSE:LPI), 14 have Buy rating, 2 Sell and 16 Hold. Therefore 44% are positive. Laredo Petroleum Holdings Inc had 83 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by SunTrust to “Buy” on Friday, January 20. The stock has “Equal-Weight” rating by Stephens on Thursday, February 18. The stock of Laredo Petroleum Inc (NYSE:LPI) has “Underperform” rating given on Tuesday, August 8 by Bank of America. The rating was maintained by FBR Capital on Wednesday, February 15 with “Outperform”. The firm has “Hold” rating given on Monday, December 7 by KLR. Raymond James upgraded Laredo Petroleum Inc (NYSE:LPI) on Monday, August 10 to “Market Perform” rating. The rating was downgraded by KLR Group to “Hold” on Monday, March 14. Barclays Capital maintained it with “Buy” rating and $18 target in Friday, April 21 report. KLR Group downgraded the shares of LPI in report on Thursday, October 15 to “Reduce” rating. Tudor Pickering downgraded the shares of LPI in report on Friday, November 6 to “Hold” rating.

Laredo Petroleum, Inc. is an independent energy company. The company has market cap of $3.09 billion. The Firm is focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties primarily in the Permian Basin in West Texas. It has a 25.29 P/E ratio. It operates through two divisions: Exploration and production of oil and natural gas properties, and Midstream and marketing.

Among 7 analysts covering GTT Communications (NYSE:GTT), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. GTT Communications has $4300 highest and $27 lowest target. $36’s average target is 10.43% above currents $32.6 stock price. GTT Communications had 13 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 10 by Oppenheimer. The rating was maintained by KeyBanc Capital Markets on Tuesday, October 3 with “Buy”. Cowen & Co initiated it with “Outperform” rating and $31 target in Monday, October 12 report. The firm has “Buy” rating given on Friday, August 4 by Cowen & Co. Pacific Crest maintained GTT Communications Inc (NYSE:GTT) rating on Wednesday, September 16. Pacific Crest has “Overweight” rating and $37 target. As per Thursday, August 3, the company rating was maintained by Jefferies. Pacific Crest maintained the shares of GTT in report on Friday, August 7 with “Overweight” rating. The rating was initiated by Suntrust Robinson with “Buy” on Thursday, February 18. The firm has “Buy” rating by Oppenheimer given on Tuesday, June 27. The company was maintained on Monday, June 26 by Jefferies.

Analysts await GTT Communications Inc (NYSE:GTT) to report earnings on November, 8. They expect $-0.02 earnings per share, down 114.29% or $0.16 from last year’s $0.14 per share. After $0.02 actual earnings per share reported by GTT Communications Inc for the previous quarter, Wall Street now forecasts -200.00% negative EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

>