Raymond James Maintains Outperform Rating for Laredo Petroleum: Here's What You Need To Know

Raymond James has decided to maintain its Outperform rating of Laredo Petroleum LPI and lower its price target from $110.00 to $95.00.

Shares of Laredo Petroleum are trading up 6.53% over the last 24 hours, at $73.78 per share.

A move to $95.00 would account for a 28.76% increase from the current share price.

About Laredo Petroleum

Laredo Petroleum is an independent oil and gas producer in the United States. It operates exclusively in the Permian (Midland) Basin. At the end of 2020, the company reported net proves reserves of 278 million barrels of oil equivalent. Net production averaged about 88 thousand barrels per day in 2020 at a ratio of 64% oil and natural gas liquids and 34% natural gas.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.