In a report released yesterday, Gabriele Sorbara from Williams Capital maintained a Hold rating on Laredo Petroleum (LPI), with a price target of $5. The company’s shares closed yesterday at $3.58, close to its 52-week low of $3.
According to TipRanks.com, Sorbara is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.1% and a 34.8% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
Laredo Petroleum has an analyst consensus of Hold, with a price target consensus of $5.51, which is a 53.9% upside from current levels. In a report issued on January 9, Piper Jaffray also downgraded the stock to Hold with a $3 price target.
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The company has a one-year high of $11.68 and a one-year low of $3. Currently, Laredo Petroleum has an average volume of 5.47M.
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Laredo Petroleum, Inc. engages in the acquisition, exploration, and development of oil and natural gas properties. It operates through two segments: Exploration & Production and Midstream & Marketing. The Exploration & Production segment is engaged in the acquisition, exploration and development of oil and natural gas properties.
