Alert: Major Price Advance (6/21/21)-Laredo Petroleum Inc (NYSE: LPI).

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On 6/21/21, Laredo Petroleum Inc (NYSE: LPI) stock enjoyed a major increase of 14.4%, closing at $75.06. Moreover, this advance was accompanied by above average trading volume at 140% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 15.3% during the last week.

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Current PriceTarget Research Rating

LPI is expected to continue to be a major Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.

Laredo Petroleum is currently unrated.

Rating Review

The stock is currently unrated.

About John Lafferty 98306 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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