Should You Purchase Penn Virginia Corporation(NYSE:PVA), Laredo Petroleum Inc(NYSE:LPI) and Continental Resources, Inc.(NYSE:CLR)?

Posted by Saimoon December 18, 2014 0 Comment 1036 views


New York, NY – GDP INSIDER  –  12/18/2014.

This article discusses three companies: Purchase Penn Virginia Corporation(NYSE:PVA), Laredo Petroleum Inc(NYSE:LPI) and Continental Resources, Inc.(NYSE:CLR)

Penn Virginia Corporation(NYSE:PVA) saw an increase of 15.06% as the stock gained $0.72 to close the day at $5.50 yesterday. The stock, which traded within a range of $4.80 to $5.64 during intraday trading after opening the day at $4.81, is currently situated 27.31% above its 52-week low of $4.32 and 69.78% away from its 52-week high of $18.20. The stock currently stands at a beta of 1.53, insider ownership of 0.40%, gross margin of 86.40% and weekly performance of 15.06%. On December 4, analysts at Imperial Capital cut their price target form $12 to $6.65 and reiterated their ‘outperform’ rating on the shares of Penn Virginia Corporation.

Should You Invest In Penn Virginia Corporation Now? Click Here To Find Out More About PVA.

Laredo Petroleum Inc(NYSE:LPI) performed above average during yesterday’s trading with a weekly performance of 7.32%, a monthly performance of -48.33%, quarterly performance of -62.31% and YTD performance of -68.22%. On December 2, analysts at Mizuho downgraded the stock from BUY rating to NEUTRAL rating, while on the same day, the analysts at Canaccord Genuity reiterated a HOLD rating on the stock and cut down their price target from $24 to $14. On December 17, Canaccord Genuity further cut down their price target to $8 from $14 and reiterated a HOLD rating on the shares of Laredo Petroleum Inc. The stock gained 14.29% during yesterday’s trading and closed at $8.80.

Could Laredo Petroleum Inc Continue To Rise? Take A Look At Our Free LPI Report.

Continental Resources, Inc.(NYSE:CLR) has a market cap of $12.09 billion and an enterprise value of $17.94 billion. It has a beta of 1.71, a figure which indicates that it is 71% more volatile than the market, and a 52-week change of -22.94%. On December 11, analysts at Deutsche Bank reiterated their HOLD rating on the stock and cut down their price target from $73 to $67. The company gained 12.34% in value during yesterday’s trading to close the day at $36.51. The ticker gained an additional 0.77% during afterhours trading.

Could Continental Resources, Inc Be Ready To Push Beyond $40 Mark? Click Here To Find Out In Our Free CLR Investment Analysis.

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