Laredo Petroleum Holdings Coverage Initiated at Northland Capital Partners (LPI)
Analysts at Northland Capital Partners assumed coverage on shares of Laredo Petroleum Holdings (NYSE:LPI) in a research report issued to clients and investors on Thursday, American Banking & Market News reports. The firm set an “outperform” rating and a $36.00 price target on the stock. Northland Capital Partners’ price target points to a potential upside of 20.00% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Northland Securities initiated coverage on shares of Laredo Petroleum Holdings (NYSE:LPI) in a research note to investors on Wednesday. They set an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Laredo Petroleum Holdings (NYSE:LPI) from $27.00 to $34.00 in a research note to investors on Friday, September 20th. They now have an “outperform” rating on the stock. Finally, analysts at Societe Generale raised their price target on shares of Laredo Petroleum Holdings (NYSE:LPI) from $23.00 to $33.00 in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $33.36.
In other Laredo Petroleum Holdings news, Insider Jerry R. Schuyler sold 50,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $29.35, for a total transaction of $1,467,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Laredo Petroleum Holdings (NYSE:LPI) traded up 1.66% during mid-day trading on Thursday, hitting $30.00. The stock had a trading volume of 1,156,607 shares. Laredo Petroleum Holdings has a 1-year low of $15.78 and a 1-year high of $29.84. The stock has a 50-day moving average of $26.18 and a 200-day moving average of $21.03. The company has a market cap of $3.823 billion and a P/E ratio of 93.09.
Laredo Petroleum Holdings (NYSE:LPI) last released its 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. Analysts expect that Laredo Petroleum Holdings will post $0.62 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.
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