Laredo Petroleum (LPI) Stock Price, News & Analysis

Laredo Petroleum, Inc. (NYSE:LPI) issued its quarterly earnings data on Tuesday, November, 2nd. The oil and gas producer reported $1.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.90 by $1.06. The oil and gas producer had revenue of $379.25 million for the quarter, compared to analysts' expectations of $261.71 million. Laredo Petroleum had a trailing twelve-month return on equity of 55.37% and a net margin of 35.99%. During the same period last year, the business earned $4.02 earnings per share.

Shares of Laredo Petroleum reverse split on the morning of Monday, June 1st 2020. The 1-20 reverse split was announced on Thursday, May 14th 2020. The number of shares owned by shareholders was adjusted after the market closes on Friday, May 29th 2020. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

9 employees have rated Laredo Petroleum Chief Executive Officer Randy A. Foutch on Glassdoor.com. Randy A. Foutch has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Laredo Petroleum investors own include Teekay Tankers (TNK), ConocoPhillips (COP), Advanced Micro Devices (AMD), Willamette Valley Vineyards (WVVI), Matador Resources (MTDR), Cara Therapeutics (CARA), Zynerba Pharmaceuticals (ZYNE), Ford Motor (F), Pandora Media (P) and Statoil ASA (STO).