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Howard Weil lowered their price objective on shares of Laredo Petroleum (NYSE:LPI) from $41.00 to $36.00 in a research note issued on Friday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price target suggests a potential upside of 49.32% from the company’s current price.

A number of other analysts have also recently weighed in on LPI. Analysts at Northland Securities cut their price target on shares of Laredo Petroleum from $36.00 to $34.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Brean Capital cut their price target on shares of Laredo Petroleum from $38.00 to $34.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at SunTrust downgraded shares of Laredo Petroleum from a “buy” rating to a “neutral” rating in a research note on Friday. They now have a $25.00 price target on the stock, down previously from $40.00. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Laredo Petroleum currently has an average rating of “Buy” and a consensus price target of $33.29.

Shares of Laredo Petroleum (NYSE:LPI) traded down 0.64% during mid-day trading on Friday, hitting $23.955. The stock had a trading volume of 505,642 shares. Laredo Petroleum has a 52-week low of $22.65 and a 52-week high of $34.60. The stock’s 50-day moving average is $28.8 and its 200-day moving average is $27.43. The company has a market cap of $3.383 billion and a P/E ratio of 28.43.

Laredo Petroleum (NYSE:LPI) last announced its earnings results on Thursday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.04. The company had revenue of $183.00 million for the quarter, compared to the consensus estimate of $190.23 million. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts predict that Laredo Petroleum will post $1.02 earnings per share for the current fiscal year.

Laredo Petroleum, Inc, formerly Laredo Petroleum Holdings, Inc, is focused on the exploration, development and acquisition of oil and natural gas properties primarily in the Permian region of the United States.

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