Laredo Petroleum Holdings (NYSE:LPI) had its price target increased by BMO Capital Markets from $27.00 to $34.00 in a research report sent to investors on Friday morning, StockRatingsNetwork reports. The firm currently has an outperform rating on the stock.
A number of other analysts have also recently weighed in on LPI. Analysts at Societe Generale raised their price target on shares of Laredo Petroleum Holdings (NYSE:LPI) from $23.00 to $33.00 in a research note to investors on Thursday, September 19th. They now have a buy rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Laredo Petroleum Holdings (NYSE:LPI) from $27.00 to $30.00 in a research note to investors on Wednesday, September 18th. They now have a neutral rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Laredo Petroleum Holdings (NYSE:LPI) from $28.00 to $35.00 in a research note to investors on Wednesday, September 18th. They now have an outperform rating on the stock.
Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Laredo Petroleum Holdings currently has a consensus rating of Buy and a consensus price target of $33.10.
Shares of Laredo Petroleum Holdings (NYSE:LPI) opened at 29.32 on Friday. Laredo Petroleum Holdings has a 52 week low of $15.78 and a 52 week high of $29.66. The stock has a 50-day moving average of $25.9 and a 200-day moving average of $20.8. The company has a market cap of $3.736 billion and a P/E ratio of 92.49.
In other Laredo Petroleum Holdings news, Insider Jerry R. Schuyler unloaded 7,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.76, for a total transaction of $187,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Laredo Petroleum Holdings, Inc (NYSE:LPI) is an independent energy company focused on the exploration, development and acquisition of oil and natural gas in the Permian and Mid-Continent regions of the United States.
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