Insider Selling: Jerry Schuyler Sells 7,000 Shares of Laredo Petroleum Holdings Stock (LPI)
Laredo Petroleum Holdings (NYSE:LPI) Insider Jerry Schuyler sold 7,000 shares of Laredo Petroleum Holdings stock on the open market in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.76, for a total transaction of $187,320.00. Following the sale, the insider now directly owns 446,223 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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’s stock. Laredo Petroleum Holdings currently has a consensus rating of “Buy” and a consensus price target of $28.67.
Shares of Laredo Petroleum Holdings (NYSE:LPI) traded up 0.89% during mid-day trading on Thursday, hitting $27.685. The stock had a trading volume of 694,256 shares. Laredo Petroleum Holdings has a 52 week low of $15.78 and a 52 week high of $27.70. The stock has a 50-day moving average of $24.40 and a 200-day moving average of $20.20. The company has a market cap of $3.528 billion and a P/E ratio of 86.56.
Laredo Petroleum Holdings (NYSE:LPI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Analysts expect that Laredo Petroleum Holdings will post $0.64 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.