Laredo Petroleum Holdings Inc (NYSE:LPI) Hit With “Hold” Rating From Deutsche Bank, Analysts Expect $12.00 Stock Price

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Why Has Deutsche Bank Given Laredo Petroleum Holdings Inc (NYSE:LPI) a $12.00 Price Target

In a comprehensive report distributed to Clients on Wednesday morning, Deutsche Bank analyst has today have commenced coverage coverage for Laredo Petroleum Holdings Inc (NYSE:LPI) shares with a “Hold” rating. The Estimated Target Price has been stated as $12.00.

From a total of 20 analysts covering Laredo Petroleum Holdings Inc (NYSE:LPI) stock, 4 rate it a ”Buy”, 2 a “Sell”, and 16 a ”Hold”. This means that 18% of the ratings are positive. The highest target price is $20 while the lowest target price is $7. The mean of all analyst targets is $12.1 with a 7.65% above today’s ($10.85) stock price. Laredo Petroleum Holdings Inc was the topic of 21 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Tudor Pickering downgraded shares on November 6 to “Hold” rating. Howard Weil downgraded shares to “Sector Perform” rating and $12 target share price in a report from an August 14. IBERIA downgraded LPI stock in a recent report from October 13 to “Sector Perform” rating. Credit Suisse maintained the rating on August 12. Credit Suisse has a “Neutral” rating and a $9 price target on shares. Finally, Scotia Capital maintained the stock with “Sector Perform” rating in a report issued on an August 15.

The stock decreased 0.37% or $0.04 during the last trading session, striking $10.85. Approximately shares of stock traded hands. Laredo Petroleum Inc (NYSE:LPI) has declined 29.68% since April 29, 2015 and is downtrending. It has underperformed by 29.48% the S&P500.

Laredo Petroleum, Inc. 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 company has a market cap of $2.37 billion. The Company’s 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. It currently has negative earnings. The Permian Basin is located in West Texas and Southeastern New Mexico, where the Company has assembled approximately 196,683 net acres.

According to Zacks Investment Research, “Laredo Petroleum Holdings, Inc. is engaged in the exploration, development and acquisition of oil and natural gas properties in the Permian and Mid-Continent regions of the United States. Laredo Petroleum Holdings, Inc. is headquartered in Tulsa, Oklahoma.” Get a free copy of the Zacks research report on Laredo Petroleum Inc (LPI).

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