Laredo Petroleum Inc. (NYSE:LPI) shares saw unusually-high trading volume on Thursday . Approximately 9,833,505 shares changed hands during trading, an increase of 173% from the previous session’s volume of 3,606,111 shares.The stock last traded at $10.73 and had previously closed at $11.15.

LPI has been the subject of a number of research analyst reports. Deutsche Bank AG reissued a “hold” rating and set a $9.00 target price (up previously from $6.00) on shares of Laredo Petroleum in a research report on Wednesday, March 23rd. Citigroup Inc. lowered shares of Laredo Petroleum to a “sell” rating and set a $5.00 target price for the company. in a research report on Wednesday, March 30th. Seaport Global Securities lowered shares of Laredo Petroleum from a “neutral” rating to a “sell” rating in a research report on Wednesday, March 30th. Cowen and Company lowered shares of Laredo Petroleum from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $7.00 to $8.00 in a research report on Monday, April 18th. Finally, Zacks Investment Research lowered shares of Laredo Petroleum from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $13.35.

The firm’s 50-day moving average is $11.35 and its 200 day moving average is $9.06. The firm’s market cap is $2.27 billion.

Laredo Petroleum (NYSE:LPI) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The business earned $106.55 million during the quarter, compared to analyst estimates of $118.15 million. During the same quarter last year, the firm earned $0.03 EPS. Laredo Petroleum’s revenue for the quarter was down 29.3% compared to the same quarter last year. Equities research analysts predict that Laredo Petroleum Inc. will post $0.40 EPS for the current fiscal year.

Other hedge funds have modified their holdings of the company. Russell Frank Co boosted its stake in shares of Laredo Petroleum by 215.5% in the fourth quarter. Russell Frank Co now owns 147,781 shares of the company’s stock valued at $1,160,000 after buying an additional 100,943 shares during the period. Swiss National Bank boosted its stake in shares of Laredo Petroleum by 0.9% in the fourth quarter. Swiss National Bank now owns 221,800 shares of the company’s stock valued at $1,772,000 after buying an additional 1,900 shares during the period. California State Teachers Retirement System boosted its stake in shares of Laredo Petroleum by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 235,481 shares of the company’s stock valued at $1,881,000 after buying an additional 3,692 shares during the period. Sei Investments Co. boosted its stake in shares of Laredo Petroleum by 165,856.5% in the fourth quarter. Sei Investments Co. now owns 267,190 shares of the company’s stock valued at $2,134,000 after buying an additional 267,029 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of Laredo Petroleum during the fourth quarter valued at $2,265,000.

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.

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