Eagle & Beagle, April 21

Eagle & Beagle, April 21
by Don Mecoy Modified: April 19, 2013 at 10:04 pm •  Published: April 21, 2013
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Coverage from analysts carries a certain cachet for corporations — the more who follow your company, the more important it is.

We have a few small public companies based in Oklahoma that trade on major exchanges, but garner little or no interest from analysts.

Our beagle this week, Laredo Petroleum Holdings, recently gained the attention of a few analysts. For instance, energy analysts from Simmons & Co. just issued a note on the Tulsa-based LPI that carried a “neutral” rating. That's always seemed a bit odd to me, spending all that time researching a corporation and then holding no strong opinion.

I don't know whether it's the analysts (perhaps I should say I'm “neutral” on that topic), but traders pushed LPI shares down 12.9 percent last week.

The stock closed Friday at $15.95, after trading as low as $15.82 — an all-time low.

Even a “neutral” party can tell you that someone has decided to “sell.”

Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) by Business Editor Don Mecoy.

by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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