Laredo Petroleum Holdings Given New $35.00 Price Target at Cowen and Company (LPI)
Stock analysts at Cowen and Company lifted their price target on shares of Laredo Petroleum Holdings (NYSE:LPI) from $28.00 to $35.00 in a report issued on Wednesday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s target price suggests a potential upside of 19.99% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Brean Capital raised their price target on shares of Laredo Petroleum Holdings (NYSE:LPI) from $30.00 to $35.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock 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. 1,286,530 shares of the company’s stock traded hands. 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 posted its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.16. Analysts expect that Laredo Petroleum Holdings will post $0.64 EPS for the current fiscal year.
In other Laredo Petroleum Holdings news, Insider Jerry R. Schuyler sold 7,000 shares of the company’s stock 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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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