Laredo Petroleum (LPI) Hits New 12-Month Low at $8.21
Laredo Petroleum Inc (NYSE:LPI) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.21 and last traded at $8.17, with a volume of 1282339 shares traded. The stock had previously closed at $8.67.
Several research analysts have issued reports on the company. Deutsche Bank assumed coverage on Laredo Petroleum in a research report on Thursday, February 1st. They issued a “hold” rating and a $11.00 target price on the stock. Zacks Investment Research cut Laredo Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Piper Jaffray Companies reissued a “buy” rating and issued a $15.00 target price on shares of Laredo Petroleum in a research report on Tuesday, January 30th. Stifel Nicolaus set a $15.00 price objective on Laredo Petroleum and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Williams Capital reaffirmed a “hold” rating and set a $13.00 price objective on shares of Laredo Petroleum in a research report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.44.
The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 4.16. The firm has a market capitalization of $2,168.06, a PE ratio of 16.78, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21.
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About Laredo Petroleum
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.
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