Laredo Petroleum Holdings Inc. Sets New 1-Year High at $27.65 (LPI)
Laredo Petroleum Holdings (NYSE:LPI) set a new 52-week high on Wednesday, ARN reports. The company traded as high as $27.65 and last traded at $27.64, with a volume of 337,942 shares. The stock had previously closed at $26.99.
A number of research firms have recently commented on LPI. Analysts at Brean Capital raised their price target on shares of Laredo Petroleum Holdings (NYSE:LPI) from $27.00 to $30.00 in a research note to investors on Thursday, August 22nd. They now have a “buy” rating on the stock. Separately, analysts at Topeka Capital Markets reiterated a “hold” rating on shares of Laredo Petroleum Holdings (NYSE:LPI) in a research note to investors on Tuesday, August 13th. They now have a $27.00 price target on the stock, up previously from $25.00. Finally, analysts at SunTrust raised their price target on shares of Laredo Petroleum Holdings (NYSE:LPI) from $22.00 to $27.00 in a research note to investors on Friday, August 9th.
Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Laredo Petroleum Holdings currently has an average rating of “Buy” and a consensus price target of $28.67.
Laredo Petroleum Holdings has a 52-week low of $15.78 and a 52-week high of $27.09. The stock has a 50-day moving average of $24.2 and a 200-day moving average of $20.15. The company has a market cap of $3.496 billion and a P/E ratio of 85.14.
Laredo Petroleum Holdings (NYSE:LPI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. On average, analysts predict that Laredo Petroleum Holdings will post $0.64 earnings per share for the current fiscal year.
Laredo Petroleum Holdings, Inc (NYSE:LPI) is an independent energy company focused on the exploration, development and acquisition of oil and natural gas in the Permian and Mid-Continent regions of the United States.
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