Laredo Petroleum sees Q2 derivatives loss of about $63.1M For Q2, Laredo expects to report a loss on derivatives of approximately $63.1M, including approximately $4.4M net cash paid on settlements of matured derivatives. Although management does not expect these numbers to change, they are preliminary and unaudited.
News For LPI From The Last 14 Days
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Laredo Petroleum downgraded to Equal Weight from Overweight at Stephens Stephens downgraded Laredo Petroleum to Equal Weight from Overweight and lowered its price target on the stock to $29 from $35 following the company's Q2 production miss and guidance cut.