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NYSE:LPI

Laredo Petroleum Stock Forecast, Price & News

$56.39
-2.51 (-4.26%)
(As of 12/1/2021 01:09 PM ET)
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Compare
Today's Range
$56.39
$62.24
50-Day Range
$57.72
$92.04
52-Week Range
$11.55
$99.26
Volume
17,162 shs
Average Volume
666,788 shs
Market Capitalization
$962.63 million
P/E Ratio
N/A
Dividend Yield
N/A
Beta
4.19
30 days | 90 days | 365 days | Advanced Chart
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Laredo Petroleum logo

About Laredo Petroleum

Laredo Petroleum, Inc. engages in the exploration, development and acquisition of oil and natural gas properties. It operates in the Permian Basin in West Texas. The company was founded by Randy A. Foutch in October 2006 and is headquartered in Tulsa, OK.

Headlines

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Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
51680610
Employees
257
Year Founded
N/A

Sales & Book Value

Annual Sales
$677.19 million
Cash Flow
$28.92 per share
Book Value
($1.79) per share

Profitability

Net Income
$-874.17 million
Pretax Margin
-20.99%

Debt

Price-To-Earnings

Miscellaneous

Free Float
16,508,000
Market Cap
$962.63 million
Optionable
Optionable

Company Calendar

Last Earnings
11/02/2021
Today
12/01/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/28/2022

MarketRank

Overall MarketRank

2.27 out of 5 stars

Oils/Energy Sector

98th out of 356 stocks

Crude Petroleum & Natural Gas Industry

50th out of 113 stocks

Analyst Opinion: 3.1Community Rank: 3.9Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Laredo Petroleum (NYSE:LPI) Frequently Asked Questions

Is Laredo Petroleum a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Laredo Petroleum stock. 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 analyst ratings for Laredo Petroleum
or view top-rated stocks.

How has Laredo Petroleum's stock price been impacted by COVID-19 (Coronavirus)?

Laredo Petroleum's stock was trading at $11.4020 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LPI shares have increased by 407.0% and is now trading at $57.81.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Laredo Petroleum?

Laredo Petroleum saw a decline in short interest during the month of October. As of October 29th, there was short interest totaling 2,250,000 shares, a decline of 17.3% from the October 14th total of 2,720,000 shares. Based on an average daily trading volume, of 767,200 shares, the short-interest ratio is presently 2.9 days. Currently, 16.9% of the shares of the stock are sold short.
View Laredo Petroleum's Short Interest
.

When is Laredo Petroleum's next earnings date?

Laredo Petroleum is scheduled to release its next quarterly earnings announcement on Monday, February 28th 2022.
View our earnings forecast for Laredo Petroleum
.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum, Inc. (NYSE:LPI) announced its quarterly earnings results on Tuesday, November, 2nd. The oil and gas producer reported $1.84 EPS 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 the consensus estimate of $261.71 million. Laredo Petroleum had a negative net margin of 21.33% and a negative trailing twelve-month return on equity of 2,190.66%. During the same period last year, the firm earned $4.02 EPS.
View Laredo Petroleum's earnings history
.

When did Laredo Petroleum's stock split? How did Laredo Petroleum's stock split work?

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 market closes 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.

What price target have analysts set for LPI?

5 brokerages have issued 12-month price objectives for Laredo Petroleum's stock. Their forecasts range from $66.00 to $105.00. On average, they anticipate Laredo Petroleum's share price to reach $80.25 in the next year. This suggests a possible upside of 38.8% from the stock's current price.
View analysts' price targets for Laredo Petroleum
or view top-rated stocks among Wall Street analysts.

Who are Laredo Petroleum's key executives?

Laredo Petroleum's management team includes the following people:
  • Mikell Jason Pigott, President, Chief Executive Officer & Director
  • T. Karen Chandler, Chief Operating Officer & Senior Vice President
  • Bryan J. Lemmerman, Chief Financial Officer & Senior Vice President
  • Brandon Brown, Chief Information Officer & Vice President
  • Mark D. Denny, Secretary, Senior Vice President & General Counsel

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

9 employees have rated Laredo Petroleum CEO Randy A. Foutch on Glassdoor.com. Randy A. Foutch has an approval rating of 78% among Laredo Petroleum'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 institutional and retail investors. Top institutional shareholders include EnCap Energy Capital Fund IX L.P. (12.83%), BlackRock Inc. (11.59%), Maple Rock Capital Partners Inc. (4.18%), Dimensional Fund Advisors LP (2.29%), Geode Capital Management LLC (1.32%) and Invesco Ltd. (1.05%). Company insiders that own Laredo Petroleum stock include James R Levy, M Jason Pigott, Pincus Private Equity Warburg and Warburg Pincus Llc.
View institutional ownership trends for Laredo Petroleum
.

Which institutional investors are selling Laredo Petroleum stock?

LPI stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Two Sigma Advisers LP, Invesco Ltd., Wellington Management Group LLP, Jane Street Group LLC, Cubist Systematic Strategies LLC, California State Teachers Retirement System, and Caxton Associates LP.
View insider buying and selling activity for Laredo Petroleum
or view top insider-selling stocks.

Which institutional investors are buying Laredo Petroleum stock?

LPI stock was acquired by a variety of institutional investors in the last quarter, including EnCap Energy Capital Fund IX L.P., Maple Rock Capital Partners Inc., BlackRock Inc., Goldman Sachs Group Inc., Geode Capital Management LLC, Rafferty Asset Management LLC, UBS Group AG, and Ziegler Capital Management LLC.
View insider buying and selling activity for Laredo Petroleum
or or view top insider-buying stocks.

How do I buy shares of 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 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 $57.81.

How much money does Laredo Petroleum make?

Laredo Petroleum has a market capitalization of $986.87 million and generates $677.19 million in revenue each year. The oil and gas producer earns $-874.17 million in net income (profit) each year or ($22.42) on an earnings per share basis.

How many employees does Laredo Petroleum have?

Laredo Petroleum employs 257 workers across the globe.

What is Laredo Petroleum's official website?

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

Where are Laredo Petroleum's headquarters?

Laredo Petroleum is headquartered at 15 WEST SIXTH STREET SUITE 900, TULSA OK, 74119.

How can I contact Laredo Petroleum?

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, via email at [email protected], or via fax at 918-513-4571.


This page was last updated on 12/1/2021 by MarketBeat.com Staff

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