Williams Capital analyst Gabriele Sorbara reiterated a Hold rating on Laredo Petroleum (LPI) today and set a price target of $4. The company’s shares closed yesterday at $2.97, close to its 52-week low of $2.80.
According to TipRanks.com, Sorbara ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.4% and a 35.0% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
Currently, the analyst consensus on Laredo Petroleum is a Hold with an average price target of $3.58.
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Laredo Petroleum’s market cap is currently $694.8M and has a P/E ratio of 2.13. The company has a Price to Book ratio of 0.59.
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Laredo Petroleum, Inc. is an independent energy company focused on acquisition, exploration, and development of oil and natural gas properties. It operates primarily in the Permian Basin in West Texas. The company was founded by Randy A. Foutch in October 2006 and is headquartered in Tulsa, OK.
