Williams Capital Reaffirms Their Hold Rating on Laredo Petroleum (LPI)


In a report released today, Gabriele Sorbara from Williams Capital maintained a Hold rating on Laredo Petroleum (LPI), with a price target of $5. The company’s shares opened today at $3.37, 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 -11.0% and a 32.0% 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 $4.66.

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Laredo Petroleum’s market cap is currently $804.8M and has a P/E ratio of 1.41. The company has a Price to Book ratio of 0.79.

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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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