Siebert Williams Shank & Co’s Analyst Provides Guidance for This Canadian Energy Stock
Siebert Williams Shank & Co analyst Gabriele Sorbara reiterated a Hold rating on Laredo Petroleum (LPI) today and set a price target of $40.00. The company’s shares closed last Thursday at $36.16.
According to TipRanks.com, Sorbara has 0 stars on 0-5 stars ranking scale with an average return of -5.0% and a 34.1% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Magnolia Oil & Gas, and Matador Resources.
Laredo Petroleum has an analyst consensus of Hold, with a price target consensus of $44.00, representing an 8.4% upside. In a report issued on April 21, Piper Sandler also maintained a Hold rating on the stock with a $39.00 price target.
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Laredo Petroleum’s market cap is currently $560.1M and has a P/E ratio of -0.50. The company has a Price to Book ratio of -24.39.
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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.