Laredo Petroleum (LPI) PT Trimmed at Credit Suisse

Credit Suisse analyst M. Lear lowered estimates and his price target on Neutral-rated Laredo Petroleum (NYSE: LPI) to $9.00 (from $10.00).

The move follows the company's earnings update as they continue to see risks to its balance sheet and ability to accrete cash flow at current oil prices.

LPI did raise its production guidance 3% at the midpoint while lowering its costs guidance providing an uplift to EPS (2015/16/17 +$0.09/+$0.08/+$0.05).

For an analyst ratings summary and ratings history on Laredo Petroleum click here. For more ratings news on Laredo Petroleum click here.

Shares of Laredo Petroleum closed at $8.55 yesterday.

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