Laredo Petroleum Holdings Insider Jerry Schuyler Sells 50,000 Shares (LPI)
Laredo Petroleum Holdings (NYSE:LPI) Insider Jerry Schuyler unloaded 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $29.35, for a total transaction of $1,467,500.00. Following the sale, the insider now directly owns 396,223 shares of the company’s stock, valued at approximately $11,629,145. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on LPI. Analysts at Northland Capital Partners initiated coverage on shares of Laredo Petroleum Holdings (NYSE:LPI) in a research note to investors on Thursday. They set an “outperform” rating and a $36.00 price target on the stock. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.36.
Laredo Petroleum Holdings (NYSE:LPI) traded up 1.03% during mid-day trading on Thursday, hitting $29.815. 316,238 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 $29.84. 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 $3.799 billion and a price-to-earnings ratio of 93.09.
Laredo Petroleum Holdings (NYSE:LPI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.16. On average, analysts predict that Laredo Petroleum Holdings will post $0.62 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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