Laredo Petroleum, Inc. (LPI) traded within a range of $13.11 to $13.92 after opening the day at $13.3. The company has seen its stock decrease in value by -5.09% so far this year. The stock was up close to 0.37% on active volume in last trading session and closed at $13.42 per share. After the recent gain, the stock is currently holding -18.52% below its 52 week high of $16.47 and 244.1% above its 12-month low of $3.9. The shares are up by over 0.83% in the last three months, and the RSI indicator value of 39.33 is neither bullish nor bearish, tempting investors to stay on the sidelines.
Laredo Petroleum, Inc. operates as an independent energy company in the United States. It focuses on the acquisition, exploration, and development of oil and natural gas properties, as well as the transportation of oil and natural gas primarily in the Permian Basin in West Texas. As of December 31, 2015, it had interests in the 135,408 net acres in the Permian Basin; and had total proved reserves of 125,698 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings, Inc. and changed its name to Laredo Petroleum, Inc. in December 2013. Laredo Petroleum, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma.
Memorial Production Partners LP (MEMP) continued its upward trend with the stock climbing 5.51% or $0.01 to close the day at $0.27 on active trading volume of 4.43M shares, compared to its three month average trading volume of 3.47M. The Houston Texas 77002 based company has been underperforming the independent oil & gas group over the past 52 weeks, with the stock losing -82.54%, compared to the industry which has advanced 65.15% over the same period. With RSI of 50.57, the stock should still continue to rise and get closer to its one year target estimate of $0, making it a hold for now.
Memorial Production Partners LP, through its subsidiary, Memorial Production Operating LLC, engages in the acquisition, development, exploitation, and production of oil and natural gas properties. Its properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Texas, Louisiana, Colorado, Wyoming, and offshore Southern California. As of December 31, 2015, its total estimated proved reserves were approximately 1,268 billion cubic feet of natural gas equivalent. Memorial Production Partners GP LLC serves as the general partner of Memorial Production Partners LP. The company was founded in 2011 and is headquartered in Houston, Texas. On January 16, 2017, Memorial Production Partners LP, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.
New York Community Bancorp, Inc. (NYCB) gained $0.14 to close the day at a new closing price of $15.74, a 0.9% increase in value from its previous closing price that moved the stock 15.18% above its 52 week low of $13.74. A total of 4.43M shares exchanged hands during the day compared with its three month average trading volume of 4.45M. The stock, which fluctuated between $15.5 and $15.75 during the day, currently situated -10.97% below its 52 week high. The stock is down by -7.85% in the past one month and up by 15.04% over the past three months. With a one year target estimate of $16.45 and RSI of 44.79, the stock still has upside potential, making it a hold for now.
New York Community Bancorp, Inc. operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts. Its loan portfolio comprises one-to-four family loans; multi-family loans; commercial real estate loans; acquisition, development, and construction loans; commercial and industrial loans; home equity lines of credit; and consumer loans. The company also provides installment loans, revolving lines of credit, and insurance products, as well as cash management, online and phone banking, and ATM services. It serves small and mid-size businesses, professional associations, and government agencies, as well as consumers. The company serves its customers through a network of 227 Community Bank branches, 30 Commercial Bank branches, and 273 ATM locations. The company was formerly known as Queens County Bancorp, Inc. and changed its name to New York Community Bancorp, Inc. in November 2000. New York Community Bancorp, Inc. was founded in 1859 and is based in Westbury, New York.