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