Laredo Petroleum Holdings Given New $35.00 Price Target at Brean Capital (LPI)
Research analysts at Brean Capital raised their price target on shares of Laredo Petroleum Holdings (NYSE:LPI) from $30.00 to $35.00 in a report released on Wednesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Brean Capital’s price objective points to a potential upside of 19.99% from the company’s current price.
A number of other firms have also recently commented on LPI. Analysts at Canaccord Genuity raised their price target on shares of Laredo Petroleum Holdings (NYSE:LPI) from $32.00 to $37.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Bank of America Corp. initiated coverage on shares of Laredo Petroleum Holdings (NYSE:LPI) in a research note to investors on Wednesday. They set a “buy” rating and a $34.00 price target on the stock. Finally, 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.
Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $31.10.
Laredo Petroleum Holdings (NYSE:LPI) traded up 1.85% during mid-day trading on Wednesday, hitting $29.17. The stock had a trading volume of 1,286,530 shares. Laredo Petroleum Holdings has a 52-week low of $15.78 and a 52-week high of $29.08. The stock’s 50-day moving average is $25.18 and its 200-day moving average is $20.53. The company has a market cap of $3.717 billion and a P/E ratio of 90.35.
Laredo Petroleum Holdings (NYSE:LPI) last released its earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters 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.
In other Laredo Petroleum Holdings news, Insider Jerry R. Schuyler sold 7,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $26.76, for a total value of $187,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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