NYSE:LPI - Laredo Petroleum Stock Price, Forecast & News

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

Laredo Petroleum declared that its board has authorized a stock buyback program on Thursday, February 15th 2018, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Laredo Petroleum Inc (NYSE:LPI) released its quarterly earnings data on Tuesday, November, 5th. The oil and gas producer reported $0.21 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.19 by $0.02. The oil and gas producer had revenue of $193.57 million for the quarter, compared to the consensus estimate of $215.83 million. Laredo Petroleum had a net margin of 5.87% and a return on equity of 14.25%. During the same quarter in the prior year, the company posted $0.27 EPS. View Laredo Petroleum's Earnings History.

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Laredo Petroleum.

9 brokers have issued 1-year target prices for Laredo Petroleum's stock. Their forecasts range from $2.83 to $7.00. On average, they expect Laredo Petroleum's share price to reach $4.89 in the next twelve months. This suggests a possible upside of 106.3% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Laredo Petroleum.

Press coverage about LPI stock has been trending very positive on Saturday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Laredo Petroleum earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave headlines about the oil and gas producer a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Laredo Petroleum.

Laredo Petroleum saw a increase in short interest in October. As of October 31st, there was short interest totalling 33,680,000 shares, an increase of 16.7% from the September 30th total of 28,860,000 shares. Based on an average trading volume of 5,530,000 shares, the short-interest ratio is currently 6.1 days. Currently, 18.8% of the shares of the company are sold short. 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), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Apache (APA), Cabot Oil & Gas (COG), Cimarex Energy (XEC), WPX Energy (WPX), Kosmos Energy (KOS) and EQT (EQT).

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

Laredo Petroleum's stock is owned by many different of institutional and retail investors. Top institutional investors include State Street Corp (4.39%), Millennium Management LLC (2.18%), Caymus Capital Partners L.P. (0.55%), Denali Advisors LLC (0.34%), Barclays PLC (0.32%) and Russell Investments Group Ltd. (0.29%). 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 Caymus Capital Partners L.P., Man Group plc, State Street Corp, Systematic Financial Management LP, Wedge Capital Management L L P NC and Municipal Employees Retirement System of Michigan. View Insider Buying and Selling for Laredo Petroleum.

LPI stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Denali Advisors LLC, Barclays PLC, Squarepoint Ops LLC, Russell Investments Group Ltd., JS Capital Management LLC, Alps Advisors Inc. and State of Alaska Department of Revenue. View Insider Buying and Selling 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 $2.37.

Laredo Petroleum has a market capitalization of $562.01 million and generates $1.11 billion in revenue each year. The oil and gas producer earns $324.59 million in net income (profit) each year or $0.93 on an earnings per share basis. Laredo Petroleum employs 340 workers across the globe.View Additional Information About Laredo Petroleum.

The official website for Laredo Petroleum is http://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]