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Laredo Petroleum Stock Price, Forecast & Analysis (NYSE:LPI)

$2.13
-0.10 (-4.48 %)
(As of 11/20/2019 06:00 AM ET)
Today's Range
$2.05
Now: $2.13
$2.23
50-Day Range
$2.07
MA: $2.34
$2.63
52-Week Range
$2.03
Now: $2.13
$5.32
Volume3.71 million shs
Average Volume5.48 million shs
Market Capitalization$505.10 million
P/E Ratio2.29
Dividend YieldN/A
Beta1.62
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 also provides midstream and marketing services comprising transportation and marketing of oil and natural gas; and natural gas lift systems, crude oil and natural gas gathering, and water delivery and takeaway services. Read More…

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP51680610
Phone918-513-4570

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.11 billion
Cash Flow$1.58 per share
Book Value$5.02 per share

Profitability

Net Income$324.59 million

Miscellaneous

Employees340
Market Cap$505.10 million
Next Earnings Date2/12/2020 (Estimated)
OptionableOptionable

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Laredo Petroleum (NYSE:LPI) Frequently Asked Questions

What is Laredo Petroleum's stock symbol?

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

How will Laredo Petroleum's stock buyback program work?

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

How were Laredo Petroleum's earnings last quarter?

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

When is Laredo Petroleum's next earnings date?

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

What price target have analysts set for LPI?

9 equities research analysts have issued 12-month price targets 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 129.5% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

What is the consensus analysts' recommendation 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.

Has Laredo Petroleum been receiving favorable news coverage?

News stories about LPI stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Laredo Petroleum earned a coverage optimism score of -1.5 on InfoTrie's scale. They also assigned media stories about the oil and gas producer a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Laredo Petroleum.

Are investors shorting Laredo Petroleum?

Laredo Petroleum saw a increase in short interest during the month of 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 days-to-cover ratio is currently 6.1 days. Approximately 18.8% of the company's stock are sold short. View Laredo Petroleum's Current Options Chain.

Who are some of Laredo Petroleum's key competitors?

What other stocks do shareholders of Laredo Petroleum own?

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).

Who are Laredo Petroleum's key executives?

Laredo Petroleum's management team includes the folowing people:
  • Mr. Randy A. Foutch, Founder, Chairman & CEO (Age 67)
  • Dr. Tommye Karen Chandler, Sr. VP & COO (Age 48)
  • Mr. Michael T. Beyer, Sr. VP & CFO (Age 43)
  • Mr. Ronald L. Hagood, VP of Investor Relations
  • Mr. Mark David Denny, Sr. VP, Gen. Counsel & Sec.

Who are Laredo Petroleum's major shareholders?

Laredo Petroleum's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Caymus Capital Partners L.P. (0.55%), Denali Advisors LLC (0.34%), Russell Investments Group Ltd. (0.29%), Rhumbline Advisers (0.24%), California Public Employees Retirement System (0.12%) and Systematic Financial Management LP (0.09%). 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.

Which major investors are selling Laredo Petroleum stock?

LPI stock was sold by a variety of institutional investors in the last quarter, including Caymus Capital Partners L.P., 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.

Which major investors are buying Laredo Petroleum stock?

LPI stock was acquired by a variety of institutional investors in the last quarter, including Denali Advisors LLC, Russell Investments Group Ltd., Alps Advisors Inc., State of Alaska Department of Revenue, Rhumbline Advisers, First Quadrant L P CA, California Public Employees Retirement System and State of Tennessee Treasury Department. View Insider Buying and Selling for Laredo Petroleum.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Laredo Petroleum's stock price today?

One share of LPI stock can currently be purchased for approximately $2.13.

How big of a company is Laredo Petroleum?

Laredo Petroleum has a market capitalization of $505.10 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.

What is Laredo Petroleum's official website?

The official website for Laredo Petroleum is http://www.laredopetro.com/.

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 or via email at [email protected]


MarketBeat Community Rating for Laredo Petroleum (NYSE LPI)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  523 (Vote Outperform)
Underperform Votes:  682 (Vote Underperform)
Total Votes:  1,205
MarketBeat's community ratings are surveys of what our community members think about Laredo Petroleum and other stocks. Vote "Outperform" if you believe LPI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LPI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/20/2019 by MarketBeat.com Staff

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