Laredo Petroleum Receives a Hold from Williams Capital


Williams Capital analyst Gabriele Sorbara reiterated a Hold rating on Laredo Petroleum (NYSE: LPI) on May 21 and set a price target of $12. The company’s shares closed yesterday at $9.76.

According to TipRanks.com, Sorbara is a 4-star analyst with an average return of 4.7% and a 56.1% 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 $11.

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The company has a one-year high of $13.46 and a one-year low of $7.41. Currently, Laredo Petroleum has an average volume of 3.41M.

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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.

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