Several analysts have recently updated their ratings and price targets for Laredo Petroleum (NYSE: LPI):

  • 7/14/2017 – Laredo Petroleum had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $17.00 price target on the stock.
  • 7/12/2017 – Laredo Petroleum was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/5/2017 – Laredo Petroleum was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 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.

Shares of Laredo Petroleum, Inc. (LPI) opened at 11.23 on Monday. Laredo Petroleum, Inc. has a one year low of $9.20 and a one year high of $16.47. The firm’s market capitalization is $2.69 billion. The company’s 50 day moving average is $11.56 and its 200-day moving average is $13.23.

Laredo Petroleum (NYSE:LPI) last released its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported $0.10 earnings per share 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 business had revenue of $189 million during the quarter, compared to the consensus estimate of $164.39 million. During the same period last year, the business posted $0.08 earnings per share. The firm’s quarterly revenue was up 77.3% on a year-over-year basis. Equities analysts expect that Laredo Petroleum, Inc. will post $0.55 EPS for the current 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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