Wells Fargo (NYSE:WFC) analyst Joseph McKay maintained a Sell rating on Laredo Petroleum (NYSE:LPI) Holdings Inc on Friday, setting a price target of $73, which is approximately 15.89% above the present share price of $62.99.
McKay expects Laredo Petroleum Holdings Inc to post earnings per share (EPS) of $8.68 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Laredo Petroleum, with an average price target of $83.8.
The analysts price targets range from a high of $105 to a low of $70.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $379.25 million and a net profit of $170.51 million. The company's market cap is $1.08 billion.
According to TipRanks.com, Wells Fargo analyst Joseph McKay is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.7% and a 57.14% success rate.
Laredo Petroleum, Inc. engages in the exploration, development and acquisition of oil and natural gas properties. It operates in the Permian Basin in West Texas. The company was founded by Randy A. Foutch in October 2006 and is headquartered in Tulsa, OK.