Laredo Petroleum Inc. (NYSE:LPI)’s share price traded up 4% during mid-day trading on Tuesday . The stock traded as high as $10.06 and last traded at $9.93, with a volume of 1,653,665 shares changing hands. The stock had previously closed at $9.55.

Several equities analysts have issued reports on the stock. BMO Capital Markets reissued a “hold” rating and issued a $12.00 price objective on shares of Laredo Petroleum in a research note on Wednesday, June 15th. Cowen and Company cut shares of Laredo Petroleum from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $7.00 to $8.00 in a research note on Monday, April 18th. Imperial Capital started coverage on shares of Laredo Petroleum in a research note on Thursday, May 26th. They set an “in-line” rating and a $12.50 price target on the stock. Zacks Investment Research raised shares of Laredo Petroleum from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Friday, June 17th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $9.00 price target on shares of Laredo Petroleum in a research note on Thursday, June 16th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.35.

The stock has a 50 day moving average price of $10.95 and a 200-day moving average price of $9.17. The firm’s market capitalization is $2.13 billion.

Laredo Petroleum (NYSE:LPI) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. During the same quarter last year, the company earned $0.03 earnings per share. The company earned $106.55 million during the quarter, compared to the consensus estimate of $118.15 million. The business’s revenue was down 29.3% on a year-over-year basis. On average, analysts expect that Laredo Petroleum Inc. will post $0.41 earnings per share for the current year.

Other hedge funds recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Laredo Petroleum by 49.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,483,886 shares of the company’s stock worth $11,854,000 after buying an additional 492,473 shares during the period. Schroder Investment Management Group raised its position in Laredo Petroleum by 78.0% in the fourth quarter. Schroder Investment Management Group now owns 753,055 shares of the company’s stock worth $6,017,000 after buying an additional 330,052 shares in the last quarter. Sei Investments Co. raised its position in Laredo Petroleum by 165,856.5% in the fourth quarter. Sei Investments Co. now owns 267,190 shares of the company’s stock worth $2,134,000 after buying an additional 267,029 shares in the last quarter. Russell Frank Co raised its position in Laredo Petroleum by 215.5% in the fourth quarter. Russell Frank Co now owns 147,781 shares of the company’s stock worth $1,160,000 after buying an additional 100,943 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in Laredo Petroleum by 1.3% in the fourth quarter. New York State Common Retirement Fund now owns 875,429 shares of the company’s stock worth $6,995,000 after buying an additional 11,045 shares in the last quarter.

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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