Research analysts at Deutsche Bank began coverage on shares of Laredo Petroleum (NYSE:LPI) in a report released on Thursday, February 1st, Marketbeat.com reports. The brokerage set a “hold” rating and a $11.00 price target on the oil and gas producer’s stock. Deutsche Bank’s target price would indicate a potential upside of 42.30% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Piper Jaffray Companies reissued a “buy” rating and set a $15.00 price objective on shares of Laredo Petroleum in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded Laredo Petroleum from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating and set a $17.00 target price on shares of Laredo Petroleum in a research report on Wednesday, October 4th. Barclays restated a “buy” rating on shares of Laredo Petroleum in a research report on Thursday, November 23rd. Finally, National Securities initiated coverage on Laredo Petroleum in a research report on Tuesday, January 16th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $13.44.
Shares of Laredo Petroleum (NYSE LPI) traded down $0.13 during midday trading on Thursday, reaching $7.73. The company’s stock had a trading volume of 7,100,000 shares, compared to its average volume of 3,483,120. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 4.16. Laredo Petroleum has a 52 week low of $7.49 and a 52 week high of $15.15. The company has a market capitalization of $1,874.62, a PE ratio of 15.46, a P/E/G ratio of 1.51 and a beta of 1.21.
Laredo Petroleum Company Profile
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.
Receive News & Ratings for Laredo Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laredo Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.