Happy Thanksgiving! Save 50% on Your MarketBeat All Access Subscription.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
×
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
THE BEST BLACK FRIDAY DEAL YET (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
See how to make money instead of spending it on Black Friday with this offer (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
THE BEST BLACK FRIDAY DEAL YET (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
See how to make money instead of spending it on Black Friday with this offer (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
THE BEST BLACK FRIDAY DEAL YET (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
See how to make money instead of spending it on Black Friday with this offer (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
THE BEST BLACK FRIDAY DEAL YET (Ad)
Walmart shooting claims teen, young woman, father, mother
Cuba's informal market finds new space on growing internet
See how to make money instead of spending it on Black Friday with this offer (Ad)
Bird flu prompts slaughter of 1.8M chickens in Nebraska
US-England World Cup game seen by 19.98M on US television
NYSE:LPI

Laredo Petroleum - LPI Stock Forecast, Price & News

$63.54
+0.60 (+0.95%)
(As of 11/25/2022 08:57 PM ET)
Add
Compare
Today's Range
$62.76
$64.45
50-Day Range
$53.08
$77.47
52-Week Range
$51.22
$120.86
Volume
220,500 shs
Average Volume
799,114 shs
Market Capitalization
$1.07 billion
P/E Ratio
1.47
Dividend Yield
N/A
Price Target
$98.00

Laredo Petroleum MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
54.2% Upside
$98.00 Price Target
Short Interest
Healthy
11.63% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.00mentions of Laredo Petroleum in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$760,838 Sold Last Quarter
Proj. Earnings Growth
42.93%
From $22.15 to $31.66 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Oils/Energy Sector

89th out of 243 stocks

Crude Petroleum & Natural Gas Industry

39th out of 80 stocks

LPI stock logo

About Laredo Petroleum (NYSE:LPI) Stock

Laredo Petroleum, Inc., an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company sells oil, natural gas liquids, and natural gas. As of December 31, 2021, it had assembled 166,064 net acres in the Permian Basin; and had total proved undeveloped reserves of 86,592 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings, Inc. and changed its name to Laredo Petroleum, Inc. in December 2013. Laredo Petroleum, Inc. was incorporated in 2006 and is headquartered in Tulsa, Oklahoma.

Receive LPI Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Laredo Petroleum and its competitors with MarketBeat's FREE daily newsletter.

LPI Stock News Headlines

Laredo Petroleum: Cash Flow Is Now King
5 Analysts Have This to Say About Laredo Petroleum
Expert Ratings for Laredo Petroleum
Laredo Petroleum slips as planned capex tops estimates
Laredo Petroleum: Let Us Talk Hedging
Grab 10% Yield With Laredo Petroleum Bonds
Check Out What Whales Are Doing With LPI
Laredo Petroleum Whale Trades For September 28
Laredo Petroleum, Inc. (LPI)
See More Headlines
Receive LPI Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Laredo Petroleum and its competitors with MarketBeat's FREE daily newsletter.

LPI Company Calendar

Last Earnings
11/02/2021
Today
11/27/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/28/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
51680610
Employees
273
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$98.00
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$72.00
Forecasted Upside/Downside
+54.2%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$145.01 million
Pretax Margin
36.27%

Debt

Sales & Book Value

Annual Sales
$1.39 billion
Cash Flow
$21.25 per share
Book Value
$30.10 per share

Miscellaneous

Free Float
16,444,000
Market Cap
$1.07 billion
Optionable
Optionable
Beta
3.34

Key Executives

  • Mr. Mikell Jason Pigott (Age 48)
    Pres, CEO & Director
    Comp: $1.93M
  • Mr. Bryan J. Lemmerman (Age 47)
    Sr. VP & CFO
    Comp: $1.1M
  • Mr. Mark David Denny (Age 41)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $801.93k
  • Ms. Katie Hill
    VP of Operations
  • Jessica R. Wren
    Interim Principal Accounting Officer
  • Mr. Brandon Brown
    VP & CTO
  • Mr. Ronald Hagood
    VP of Investor Relations
  • Mr. Benjamin C. Klein
    VP of Midstream & Marketing
  • Ms. Amelia Kim Harding (Age 52)
    VP of HR
  • Mr. David S. Ferris
    VP & Chief Sustainability Officer













LPI Stock - Frequently Asked Questions

Should I buy or sell Laredo Petroleum stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LPI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LPI, but not buy additional shares or sell existing shares.
View LPI analyst ratings
or view top-rated stocks.

What is Laredo Petroleum's stock price forecast for 2023?

4 analysts have issued twelve-month target prices for Laredo Petroleum's stock. Their LPI share price forecasts range from $72.00 to $125.00. On average, they anticipate the company's share price to reach $98.00 in the next twelve months. This suggests a possible upside of 54.2% from the stock's current price.
View analysts price targets for LPI
or view top-rated stocks among Wall Street analysts.

How have LPI shares performed in 2022?

Laredo Petroleum's stock was trading at $60.13 at the beginning of the year. Since then, LPI stock has increased by 5.7% and is now trading at $63.54.
View the best growth stocks for 2022 here
.

Are investors shorting Laredo Petroleum?

Laredo Petroleum saw a decline in short interest in October. As of October 15th, there was short interest totaling 1,900,000 shares, a decline of 14.4% from the September 30th total of 2,220,000 shares. Based on an average daily volume of 762,500 shares, the days-to-cover ratio is presently 2.5 days. Currently, 11.9% of the company's stock are sold short.
View Laredo Petroleum's Short Interest
.

When is Laredo Petroleum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our LPI earnings forecast
.

How were Laredo Petroleum's earnings last quarter?

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

When did Laredo Petroleum's stock split?

Shares of Laredo Petroleum reverse split on 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 stock prior to the reverse split would have 5 shares after the split.

What is Randy A. Foutch's approval rating as Laredo Petroleum's CEO?

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.

What other stocks do shareholders of Laredo Petroleum own?
What is Laredo Petroleum's stock symbol?

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

Who are Laredo Petroleum's major shareholders?

Laredo Petroleum's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.22%), State Street Corp (10.26%), Vanguard Group Inc. (6.98%), Dimensional Fund Advisors LP (3.10%), Encompass Capital Advisors LLC (2.83%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Bryan Lemmerman, Encap Energy Capital Fund Ix,, James R Levy, Jessica R Wren, M Jason Pigott, Mark David Denny, Pincus Private Equity Warburg, Tommye Karen Chandler and Warburg Pincus Llc.
View institutional ownership trends
.

How do I buy shares of Laredo Petroleum?

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

What is Laredo Petroleum's stock price today?

One share of LPI stock can currently be purchased for approximately $63.54.

How much money does Laredo Petroleum make?

Laredo Petroleum (NYSE:LPI) has a market capitalization of $1.07 billion and generates $1.39 billion in revenue each year. The oil and gas producer earns $145.01 million in net income (profit) each year or $43.15 on an earnings per share basis.

How many employees does Laredo Petroleum have?

The company employs 273 workers across the globe.

How can I contact Laredo Petroleum?

Laredo Petroleum's mailing address is 15 WEST SIXTH STREET SUITE 900, TULSA OK, 74119. The official website for the company is www.laredopetro.com. The oil and gas producer can be reached via phone at (918) 513-4570, via email at rhagood@laredopetro.com, or via fax at 918-513-4571.

This page (NYSE:LPI) was last updated on 11/28/2022 by MarketBeat.com Staff