Laredo Petroleum (NYSE:LPI) has been downgraded from Neutral to Underperform in a statement by Credit Suisse earlier today.
- Updated: October 13, 2016
Having a price of $13.03, Laredo Petroleum (NYSE:LPI) traded -2.80% lower on the day. With the last close up 12.68% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. LPI has recorded a 50-day average of $12.45 and a two hundred day average of $11.24. Trade Volume was down over the average, with 1,161,006 shares of LPI changing hands under the typical 3,883,670
Credit Suisse has downgraded Laredo Petroleum (NYSE:LPI) from Neutral to Underperform in a statement released on 10/13/2016.
On 10/5/2016, Zacks Investment Research released a statement on Laredo Petroleum (NYSE:LPI) upped the target price from $0.00 to $15.00 that suggested an upside of 0.15%.
Recent Performance Chart
Laredo Petroleum has with a one year low of $3.90 and a one year high of $14.19 and has a market capitalization of $0.
A total of 25 analysts have released a report on Laredo Petroleum. One analyst rating the company a strong buy, five analysts rating the company a buy, sixteen analysts rating the company a hold, two analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $12.09.
General Company Details For Laredo Petroleum (NYSE:LPI)
Laredo Petroleum, Inc. (Laredo) is an independent energy company focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties primarily in the Permian Basin in West Texas. The Company's segments include Exploration and production, and Midstream and marketing. The exploration and production of oil and natural gas properties are conducted by the Company through the exploration and development of its acreage in the Permian Basin. It focuses on development activities in over four targets for horizontal drilling (Upper, Middle and Lower Wolfcamp and Cline formations). It has over 131,760 of the net acres in the Permian-Garden City area. The Midstream and marketing segment's operations are conducted by its subsidiary, Laredo Midstream Services, LLC, which buys, sells, gathers and transports oil, natural gas and water. This system gathers, transports and delivers over 69,000 barrels per day.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.