Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Hold rating on Laredo Petroleum (LPI) today and set a price target of $13.00. The company’s shares closed last Wednesday at $8.48, close to its 52-week low of $6.60.
According to TipRanks.com, Sorbara ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -24.8% and a 21.2% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Matador Resources, and Concho Resources.
The word on The Street in general, suggests a Hold analyst consensus rating for Laredo Petroleum with a $11.00 average price target.
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The company has a one-year high of $61.00 and a one-year low of $6.60. Currently, Laredo Petroleum has an average volume of 430.8K.
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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.
