Laredo Petroleum Holdings (NYSE:LPI) Insider Jerry Schuyler sold 50,000 shares of the stock on the open market in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $29.35, for a total value of $1,467,500.00. Following the completion of the sale, the insider now directly owns 396,223 shares in the company, valued at approximately $11,629,145. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Laredo Petroleum Holdings (NYSE:LPI) opened at 30.00 on Friday. Laredo Petroleum Holdings has a 52-week low of $15.78 and a 52-week high of $30.26. The stock’s 50-day moving average is $26. and its 200-day moving average is $21.10. The company has a market cap of $3.823 billion and a P/E ratio of 94.64.
Laredo Petroleum Holdings (NYSE:LPI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.16. On average, analysts predict that Laredo Petroleum Holdings will post $0.62 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on LPI shares. Analysts at Northland Capital Partners initiated coverage on shares of Laredo Petroleum Holdings (NYSE:LPI) in a research note to investors on Thursday. They set an “outperform” rating and a $36.00 price target on the stock. Separately, analysts at Northland Securities initiated coverage on shares of Laredo Petroleum Holdings (NYSE:LPI) in a research note to investors on Wednesday. They set an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Laredo Petroleum Holdings (NYSE:LPI) from $27.00 to $34.00 in a research note to investors on Friday, September 20th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Laredo Petroleum Holdings currently has a consensus rating of “Buy” and an average price target of $33.36.
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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