Laredo Petroleum - LPI Stock Forecast, Price & News

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

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.

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).

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

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.

The company employs 273 workers across the globe.

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.