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.