Laredo Petroleum Inc. (LPI) and Square Inc. (SQ) Offering Attractive Returns

On Aug 12, WARBURG PINCUS LLC, 10% Owner sold 69,874 shares of Laredo Petroleum Inc. (NYSE: LPI), with the average selling price of the stock being $2.76 per share. The total amount realized from this sold $192,852. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.

The recent price movement of LPI means that it is now down by -63.45% from its 52-week high and 11.82% up against its 52-week low prices. Over the past one week, the price volatility of LPI stands at 7.47% while the volatility over the past one month is 6.50%. The beta score for this stock is 1.64. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 07/31/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.27 earnings per share (EPS) during that period. This report was below the expectations of analysts of 0.29 by -0.02. The revenue by the firm was 198.56M for the quarter.

The shares of Laredo Petroleum Inc. (LPI) dropped by -4.62%, leading to a loss of -$0.11 per share, and saw LPI end the trading session at $2.27 on Friday 10/18/19. LPI started the trading session at $2.41, before reaching a daily high of $2.42. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $2.26.

The trading volume on Friday stood at 4223470, which was below the stock’s 3-month average volume of 6.31 million shares, out of a total 179.92M shares. As the price of the stock dipped, the market valuation of the company dropped to 565.21 million.

The shares of Square Inc. (NYSE: SQ) went down by -4.65% by the end of the recent trading session. This movement saw its price plunge to close at $60.45, which was lower than the previous closing price of $63.40. Over the past one week, the price of SQ has slipped by -1.77%, while it has recorded a gain of 2.41% over the past one month. Its three-month performance saw SQ lose -23.06% while its six-month performance saw it drop by -16.71%. The situation is different though over the past one year, as the stock price went down by -22.55%, while its year-to-date (YTD) price performance jumped by 7.77%. The stock price has gone up by +11.10% compared to its 90-day low, while it is down -27.34% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Hold. In the short-term, the stock has a 20-day average volume of 7,886,410 shares, with the short-term indicators averagely rating the stock as a 100% Sell. A look at its medium-term indicators reveals that it has a 50-Day average volume of 8,072,712 shares and the indicators have an average rating of 100% Sell. The last indicators, the long-term see SQ stock with a 100-Day average volume of 8,419,570 shares, giving it an average rating of 100% Sell. A look at the general picture of all short, medium and long-term indicators leaves SQ with an average rating of 96% Sell.

Several brokerage firms sent out their reports SQ stock not long ago. In its report sent out on October 15, 2019, UBS lowered its ratings on SQ to a Buy. In an earlier report on October 11, 2019, Susquehanna Upgrade the stock from a Neutral to a Positive. Nomura meanwhile in its report on October 11, 2019 Initiated its rating of the stock to “Reduce”.

In related news to the company’s stock, around 74.00% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 841 institutions currently hold the SQ stock. In the last quarter, a 243,619,779 SQ shares were in the possession of institutions. On the other hand, the company recorded 88 new institutions who bought it their stock, while 108 institutions sold their entire SQ reserve. Of the current institutions investing in the stock, 390 increased their investment while 333 decreased their investment in the stock.