Published On: Wed, Oct 19th, 2016

Analyst Review: Laredo Petroleum, Inc. (NYSE:LPI)


A number of investment brokers have recently updated their price targets on shares of Laredo Petroleum, Inc. (NYSE:LPI).

Most recent broker ratings

10/13/2016 – Laredo Petroleum, Inc. was downgraded to “underperform” by analysts at Credit Suisse. They now have a USD 9 price target on the stock.

09/13/2016 – FBR Capital Markets began new coverage on Laredo Petroleum, Inc. giving the company a “outperform” rating. They now have a USD 14 price target on the stock.

09/08/2016 – Laredo Petroleum, Inc. had its “hold” rating reiterated by analysts at KLR Group. They now have a USD 13 price target on the stock.

08/30/2016 – Laredo Petroleum, Inc. was upgraded to “neutral” by analysts at Seaport Global Securities. They now have a USD 11 price target on the stock.

08/29/2016 – Williams Capital began new coverage on Laredo Petroleum, Inc. giving the company a “hold” rating. They now have a USD 14 price target on the stock.

08/24/2016 – Laredo Petroleum, Inc. was upgraded to “overweight” by analysts at Capital One. They now have a USD 15 price target on the stock.

06/21/2016 – Barclays began new coverage on Laredo Petroleum, Inc. giving the company a “overweight” rating. They now have a USD 14 price target on the stock.

06/20/2016 – Laredo Petroleum, Inc. had its “neutral” rating reiterated by analysts at Nomura. They now have a USD 11 price target on the stock.

06/15/2016 – Laredo Petroleum, Inc. had its “market perform” rating reiterated by analysts at BMO Capital Markets. They now have a USD 12 price target on the stock.

06/14/2016 – Laredo Petroleum, Inc. was upgraded to “outperform” by analysts at Iberia Capital. They now have a USD 14 price target on the stock.

05/26/2016 – Imperial Capital began new coverage on Laredo Petroleum, Inc. giving the company a “in-line” rating. They now have a USD 12.5 price target on the stock.

05/13/2016 – Laredo Petroleum, Inc. was upgraded to “neutral” by analysts at JP Morgan. They now have a USD 12 price target on the stock.

05/11/2016 – Laredo Petroleum, Inc. had its “buy” rating reiterated by analysts at Topeka Capital Markets. They now have a USD 15 price target on the stock.

05/09/2016 – Laredo Petroleum, Inc. was upgraded to “overweight” by analysts at Alembic Global Advisors. They now have a USD 16 price target on the stock.

04/18/2016 – Laredo Petroleum, Inc. was downgraded to “market perform” by analysts at Cowen. They now have a USD 8 price target on the stock.

The share price of Laredo Petroleum, Inc. (NYSE:LPI) was down -1.43% during the last day of trading, with a day high of 13.68. 2596346 shares were traded during the last session.

The stock’s 50 day moving average is 12.50 and its 200 day moving average is 11.42. The stock’s market capitalization is 2.93B. Laredo Petroleum, Inc. has a 52-week low of 3.90 and a 52-week high of 13.93.

Laredo Petroleum, Inc. (Laredo) is an independent energy company 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. The Company’s segments include Exploration and production, and Midstream and marketing. The exploration and production of oil and natural gas properties are conducted by the Company through the exploration and development of its acreage in the Permian Basin. It focuses on development activities in over four targets for horizontal drilling (Upper, Middle and Lower Wolfcamp and Cline formations). It has over 131,760 of the net acres in the Permian-Garden City area. The Midstream and marketing segment’s operations are conducted by its subsidiary, Laredo Midstream Services, LLC, which buys, sells, gathers and transports oil, natural gas and water. This system gathers, transports and delivers over 69,000 barrels per day.