NYSE:LPILaredo Petroleum Stock Price, Forecast & News

Laredo Petroleum's stock was trading at $11.4020 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LPI shares have increased by 28.2% and is now trading at $14.62.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Laredo Petroleum.

Laredo Petroleum is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020.
View our earnings forecast for Laredo Petroleum.

Laredo Petroleum will be holding an earnings conference call on Wednesday, August 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Laredo Petroleum Inc (NYSE:LPI) posted its quarterly earnings data on Wednesday, May, 6th. The oil and gas producer reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.00 by $0.20. The oil and gas producer had revenue of $204.99 million for the quarter, compared to analyst estimates of $184.46 million. Laredo Petroleum had a positive return on equity of 15.20% and a negative net margin of 11.74%.
View Laredo Petroleum's earnings history.

Laredo Petroleum's stock 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 closing bell on Friday, May 29th 2020. An investor that had 100 shares of Laredo Petroleum stock prior to the reverse split would have 5 shares after the split.

10 Wall Street analysts have issued 1-year price objectives for Laredo Petroleum's stock. Their forecasts range from $14.00 to $112.00. On average, they anticipate Laredo Petroleum's share price to reach $40.10 in the next twelve months. This suggests a possible upside of 174.3% from the stock's current price.
View analysts' price targets for Laredo Petroleum.

Media coverage about LPI stock has been trending somewhat positive recently, according to InfoTrie. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Laredo Petroleum earned a media sentiment score of 1.6 on InfoTrie's scale. They also assigned media coverage about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
View the latest news about Laredo Petroleum.

Laredo Petroleum saw a increase in short interest in July. As of July 15th, there was short interest totaling 1,230,000 shares, an increase of 18.3% from the June 30th total of 1,040,000 shares. Based on an average trading volume of 541,100 shares, the days-to-cover ratio is currently 2.3 days. Currently, 13.5% of the shares of the company are short sold.
View Laredo Petroleum's Current Options Chain.

Some companies that are related to Laredo Petroleum include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Continental Resources (CLR), Diamondback Energy (FANG), Apache (APA), Noble Energy (NBL), Marathon Oil (MRO), EQT (EQT), Devon Energy (DVN), WPX Energy (WPX), Cimarex Energy (XEC) and Range Resources (RRC).
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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), Zynerba Pharmaceuticals (ZYNE), Cara Therapeutics (CARA), Matador Resources (MTDR), Ford Motor (F), Pandora Media (P) and Statoil (STO).

Laredo Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "LPI."

Laredo Petroleum's stock is owned by a variety of retail and institutional investors. Top institutional investors include Denali Advisors LLC (0.56%), UBS Group AG (0.31%), Creative Planning (0.13%), First Trust Advisors LP (0.10%), Cerebellum GP LLC (0.06%) and Oregon Public Employees Retirement Fund (0.03%). Company insiders that own Laredo Petroleum stock include Peter Kagan, Pincus Private Equity Warburg and Warburg Pincus Llc.
View institutional ownership trends for Laredo Petroleum.

LPI stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Denali Advisors LLC, First Trust Advisors LP, New York State Teachers Retirement System, and Oregon Public Employees Retirement Fund.
View insider buying and selling activity for Laredo Petroleum.

LPI stock was purchased by a variety of institutional investors in the last quarter, including Creative Planning, and Cerebellum GP LLC.
View insider buying and selling activity for Laredo Petroleum.

Shares of LPI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LPI stock can currently be purchased for approximately $14.62.

Laredo Petroleum has a market capitalization of $175.00 million and generates $837.28 million in revenue each year. The oil and gas producer earns $-342,460,000.00 in net income (profit) each year or $14.80 on an earnings per share basis. Laredo Petroleum employs 340 workers across the globe.

The official website for Laredo Petroleum is www.laredopetro.com.

Laredo Petroleum's mailing address is 15 WEST SIXTH STREET SUITE 900, TULSA OK, 74119. The oil and gas producer can be reached via phone at 918-513-4570 or via email at [email protected]