Laredo Petroleum Holdings Inc (NYSE:LPI) Moves On Nomura Initiation. How Much Are Shares Worth?


Why Has Nomura Given Laredo Petroleum Holdings Inc (NYSE:LPI) a $13.00 Price Target

Analysts at Nomura started coverage on shares of Laredo Petroleum Holdings Inc (NYSE:LPI) in an analyst research report sent to investors and clients on 3 December. The brokerage firm set Neutral rating on the $2.22 billion market cap company.

From a total of 21 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 12.50% above today’s ($10.4) stock price. Laredo Petroleum Holdings Inc was the topic of 22 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank initiated shares on December 2 with “Hold” rating. Scotia Capital maintained shares with “Sector Perform” rating and $12 target share price in a report from an August 15. KLR Group downgraded LPI stock in a recent report from October 15 to “Reduce” rating. Howard Weil downgraded the rating on August 14. Howard Weil has a “Sector Perform” rating and a $12 price target on shares. Finally, Iberia Capital Partners downgraded the stock to “Sector Perform” rating in a report issued on an October 13.

It is down 34.18% since April 30, 2015 and is downtrending. It has underperformed by 33.89% 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 $2.22 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).