A number of firms have modified their ratings and price targets on shares of Laredo Petroleum (NYSE: LPI) recently:

  • 7/1/2017 – Laredo Petroleum was given a new $13.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 6/27/2017 – Laredo Petroleum had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $10.00 price target on the stock.
  • 6/21/2017 – Laredo Petroleum was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating. They now have a $9.00 price target on the stock, down previously from $19.00.
  • 6/21/2017 – Laredo Petroleum was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/2/2017 – Laredo Petroleum had its “underperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $15.00 price target on the stock.
  • 5/31/2017 – Laredo Petroleum had its price target lowered by analysts at J P Morgan Chase & Co from $14.00 to $13.00. They now have a “neutral” rating on the stock.
  • 5/15/2017 – Laredo Petroleum was upgraded by analysts at Stephens from an “underweight” rating to a “hold” rating.
  • 5/15/2017 – Laredo Petroleum had its “hold” rating reaffirmed by analysts at Scotiabank. They now have a $15.00 price target on the stock.
  • 5/12/2017 – Laredo Petroleum had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $16.00 price target on the stock. They wrote, “We are updating our model for marked-to-market commodity prices and the latest financial and operations data, including 1Q17 results.””
  • 5/5/2017 – Laredo Petroleum had its “hold” rating reaffirmed by analysts at Scotiabank. They now have a $15.00 price target on the stock.

Shares of Laredo Petroleum, Inc. (NYSE:LPI) traded up 2.28% during trading on Tuesday, hitting $10.76. The company’s stock had a trading volume of 1,708,929 shares. Laredo Petroleum, Inc. has a one year low of $9.20 and a one year high of $16.47. The stock’s market cap is $2.57 billion. The company has a 50-day moving average price of $11.56 and a 200-day moving average price of $13.23.

Laredo Petroleum (NYSE:LPI) last posted its earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. Laredo Petroleum had a negative net margin of 1.78% and a positive return on equity of 75.64%. The company had revenue of $189 million during the quarter, compared to analysts’ expectations of $164.39 million. During the same period in the previous year, the company posted $0.08 EPS. Laredo Petroleum’s quarterly revenue was up 77.3% compared to the same quarter last year. Equities analysts predict that Laredo Petroleum, Inc. will post $0.55 EPS for the current fiscal year.

Laredo Petroleum, Inc (Laredo) is an independent energy company. The Company is focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties primarily in the Permian Basin in West Texas. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing.

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