Laredo Petroleum Inc. (NYSE:LPI)’s share price was up 2.4% during trading on Tuesday . The company traded as high as $9.99 and last traded at $9.79, with a volume of 2,649,558 shares traded. The stock had previously closed at $9.56.

A number of equities analysts have commented on LPI shares. Cowen and Company cut shares of Laredo Petroleum from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $7.00 to $8.00 in a research report on Monday, April 18th. Zacks Investment Research raised shares of Laredo Petroleum from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday, June 17th. Topeka Capital Markets lifted their price objective on shares of Laredo Petroleum from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, May 11th. Iberia Capital raised shares of Laredo Petroleum from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $8.00 to $14.00 in a research report on Tuesday, June 14th. Finally, Nomura reissued a “neutral” rating and issued a $11.00 target price (up previously from $10.00) on shares of Laredo Petroleum in a research report on Tuesday, June 21st. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the company. Laredo Petroleum presently has a consensus rating of “Hold” and an average price target of $13.35.

The firm’s market capitalization is $2.08 billion. The company has a 50-day moving average of $10.54 and a 200 day moving average of $9.30.

Laredo Petroleum (NYSE:LPI) last announced its earnings results on Wednesday, May 4th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $106.55 million for the quarter, compared to analysts’ expectations of $118.15 million. During the same period in the prior year, the business earned $0.03 earnings per share. The company’s revenue for the quarter was down 29.3% compared to the same quarter last year. On average, analysts forecast that Laredo Petroleum Inc. will post $0.42 EPS for the current year.

Several large investors have made changes to their positions in the stock. Dimensional Fund Advisors LP raised 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 valued at $11,854,000 after buying an additional 492,473 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Laredo Petroleum by 78.0% in the fourth quarter. Schroder Investment Management Group now owns 753,055 shares of the company’s stock valued at $6,017,000 after buying an additional 330,052 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of 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 valued at $6,995,000 after buying an additional 11,045 shares in the last quarter. Swiss National Bank raised 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 in the last quarter. Finally, California State Teachers Retirement System raised 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 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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