Laredo Petroleum (LPI) Gets a Hold Rating from Siebert Williams Shank & Co
Siebert Williams Shank & Co analyst Gabriele Sorbara reiterated a Hold rating on Laredo Petroleum (LPI) yesterday and set a price target of $26.00. The company’s shares closed last Tuesday at $36.92, close to its 52-week high of $39.42.
According to TipRanks.com, Sorbara is ranked 0 out of 5 stars with an average return of -10.9% and a 32.9% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Matador Resources, and Cabot Oil & Gas.
Currently, the analyst consensus on Laredo Petroleum is a Moderate Sell with an average price target of $20.00.
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The company has a one-year high of $39.42 and a one-year low of $6.60. Currently, Laredo Petroleum has an average volume of 693.2K.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LPI in relation to earlier this year.
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Laredo Petroleum, Inc. engages in the exploration, development and acquisition of oil and natural gas properties. It operates in the Permian Basin in West Texas. The company was founded by Randy A. Foutch in October 2006 and is headquartered in Tulsa, OK.