Zacks Rating on Laredo Petroleum (LPI)

Laredo Petroleum (LPI) : 17 analysts are covering Laredo Petroleum (LPI) and their average rating on the stock is 2.59, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Laredo Petroleum (LPI) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Laredo Petroleum (LPI) : The most positive equity analysts on Laredo Petroleum (LPI) expects the shares to touch $20, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 17 Wall Street Brokerage Firms. The average price target for shares are $12.56 with an expected fluctuation of $3.37 from the mean.


Shares of Laredo Petroleum, Inc. rose by 6.17% in the last five trading days and 31.62% for the last 4 weeks. Laredo Petroleum, Inc. is up 11.73% in the last 3-month period. Year-to-Date the stock performance stands at 57.32%. Laredo Petroleum (NYSE:LPI): The stock was completely flat for the day, closing at $12.57 on Tuesday. The flat closing masks the intraday volatility in the stock. After opening at $12.38, the stock touched an intraday high of $12.82 and a low of $12.35. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $12.57. The total trading volume on Tuesday was 2,181,035.

Laredo Petroleum, Inc. (Laredo) is an independent energy company, focused on the acquisition, exploration and development of oil and natural gas properties primarily in the Permian Basin in West Texas. The Companys Permian Basin is comprised of several distinct geological provinces, including the Midland Basin to the east, the Delaware Basin to the west and the Central Platform in the middle. The Permian Basin is located in West Texas and Southeastern New Mexico, where the Company has assembled approximately 196,683 net acres. Its primary production and exploitation fairway (Permian-Garden City area) is located on the eastern side of the basin 35 miles east of Midland, Texas, and extends 20 miles wide (east/west) and 85 miles long (north/south) in Howard, Glasscock, Reagan, Sterling, Irion and Tom Green counties. It holds approximately 155,405 net acres in 360 sections in the Permian-Garden City area.

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