There are a series of steps that help any stock attract owners.
For instance, many folks won’t even consider a stock priced less than $5. Micro cap stocks simply don’t hold that lure of blue chips. And the bigger the player, the more analyst coverage it will generate.
Our highest-flying state-based stock of last week picked up another analyst, who signed on with a bullish rating.
That helped propel Laredo Petroleum to a 13.2 percent weekly gain, which included a strong opening the day after the Robert W. Baird initiated coverage. It was the third new analyst to follow the firm this year, and all are recommending LPI as a buy.
The attention focused on this Tulsa energy firm’s Permian Basin activity is helping to push the share price back to the levels of its 52-high set nearly six months ago.