Braskem S.A. (BAK) Forms $31.17 Double Top; Laredo Petroleum (LPI) Has 1.2 Sentiment

Laredo Petroleum, Inc. operates as an independent energy firm in the United States. The company has market cap of $2.38 billion. It operates through two divisions, Exploration and Production of Oil and Natural Gas Properties; and Midstream and Marketing. It has a 20.26 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.

Braskem S.A. (BAK) formed double top with $32.42 target or 4.00% above today’s $31.17 share price. Braskem S.A. (BAK) has $12.58 billion valuation. The stock increased 0.16% or $0.05 during the last trading session, reaching $31.17. About 58,601 shares traded. Braskem S.A. (NYSE:BAK) has risen 73.46% since February 1, 2017 and is uptrending. It has outperformed by 56.76% the S&P500.

Among 4 analysts covering Braskem SA (NYSE:BAK), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Braskem SA has $16 highest and $14.30 lowest target. $16’s average target is -48.67% below currents $31.17 stock price. Braskem SA had 5 analyst reports since September 21, 2015 according to SRatingsIntel. JP Morgan upgraded Braskem S.A. (NYSE:BAK) on Monday, December 5 to “Overweight” rating. HSBC initiated the stock with “Buy” rating in Tuesday, October 11 report. The stock has “Buy” rating by Bank of America on Tuesday, May 24.

Analysts await Braskem S.A. (NYSE:BAK) to report earnings on August, 16. BAK’s profit will be $326.91M for 9.62 P/E if the $0.81 EPS becomes a reality. After $0.64 actual earnings per share reported by Braskem S.A. for the previous quarter, Wall Street now forecasts 26.56% EPS growth.

Warburg Pincus Llc holds 16.41% of its portfolio in Laredo Petroleum, Inc. for 77.67 million shares. Sailingstone Capital Partners Llc owns 38.38 million shares or 13.29% of their US portfolio. Moreover, Encompass Capital Advisors Llc has 6.97% invested in the company for 3.31 million shares. The California-based Spo Advisory Corp has invested 4.38% in the stock. Columbia Pacific Advisors Llc, a Washington-based fund reported 264,150 shares.

Analysts await Laredo Petroleum, Inc. (NYSE:LPI) to report earnings on February, 21. They expect $0.18 EPS, up 12.50% or $0.02 from last year’s $0.16 per share. LPI’s profit will be $43.05 million for 13.79 P/E if the $0.18 EPS becomes a reality. After $0.13 actual EPS reported by Laredo Petroleum, Inc. for the previous quarter, Wall Street now forecasts 38.46% EPS growth.