Laredo Petroleum PT Raised to $27.00 (LPI)
KLR Group raised their price objective on shares of Laredo Petroleum (NYSE:LPI) from $2.00 to $27.00 in a research note issued on Friday. KLR Group’s price objective points to a potential upside of 10.11% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Mizuho cut their price target on shares of Laredo Petroleum from $34.00 to $30.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Howard Weil cut their price target on shares of Laredo Petroleum from $41.00 to $36.00 in a research note on Friday. They now have a “sector outperform” rating on the stock. Finally, 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. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $32.94.
Shares of Laredo Petroleum (NYSE:LPI) traded up 1.70% on Friday, hitting $24.52. 3,867,256 shares of the company’s stock traded hands. 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 $28.74 and its 200-day moving average is $27.41. The company has a market cap of $3.463 billion and a P/E ratio of 28.43.
Laredo Petroleum (NYSE:LPI) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.14 earnings per share for the quarter, missing the analysts’ 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. Laredo Petroleum’s revenue was up 3.2% compared to the same quarter last year. 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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