Laredo Petroleum (LPI) PT Raised to $18 at KLR Group
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Price: $48.09 --0%
Rating Summary:
13 Buy, 14 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 14 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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KLR Group raised its price target on Laredo Petroleum (NYSE: LPI) to $18.00 (from $17.00) while maintaining a Buy rating.
Analyst John Gerdes commented, "We are increasing our LPI target price $1 to $18 per share due to approximately 1% higher oil composition and slightly higher liquids price realizations. Our ’17 production growth expectation approximates guide (~15%). Laredo’s mid-cycle capital yield of approximately 165% is solidly above the industry median cash recycle ratio of ~140%."
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