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

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

Laredo Petroleum announced that its Board of Directors has initiated a share 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 buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

Laredo Petroleum Inc (NYSE:LPI) issued its earnings results on Wednesday, February, 13th. The oil and gas producer reported $0.16 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.20 by $0.04. The oil and gas producer earned $215.28 million during the quarter, compared to analysts' expectations of $253.75 million. Laredo Petroleum had a return on equity of 22.26% and a net margin of 29.37%. The company's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. View Laredo Petroleum's Earnings History.

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Laredo Petroleum.

11 brokerages have issued 1 year price targets for Laredo Petroleum's stock. Their forecasts range from $3.00 to $14.00. On average, they anticipate Laredo Petroleum's share price to reach $7.2857 in the next year. This suggests a possible upside of 93.3% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 3 sell ratings, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Laredo Petroleum.

News stories about LPI stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Laredo Petroleum earned a news sentiment score of 0.9 on InfoTrie's scale. They also assigned press coverage about the oil and gas producer a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Laredo Petroleum saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 30,451,813 shares, an increase of 18.1% from the January 15th total of 25,774,588 shares. Based on an average daily volume of 4,185,570 shares, the days-to-cover ratio is currently 7.3 days. Approximately 17.1% of the shares of the stock are sold short. View Laredo Petroleum's Current Options Chain.

Some companies that are related to Laredo Petroleum include Centennial Resource Development (CDEV), Newfield Exploration (NFX), Magnolia Oil & Gas (MGY), Antero Resources (AR), Range Resources (RRC), ARC Resources (AETUF), Whiting Petroleum (WLL), Kosmos Energy (KOS), PDC Energy (PDCE), Tellurian (TELL), Chesapeake Energy (CHK), Southwestern Energy (SWN), Jagged Peak Energy (JAG), Matador Resources (MTDR) and SM Energy (SM).

Laredo Petroleum's stock is owned by a variety of of institutional and retail investors. Top institutional investors include SailingStone Capital Partners LLC (16.33%), BlackRock Inc. (10.08%), Dimensional Fund Advisors LP (4.33%), WS Management Lllp (2.45%), Bank of New York Mellon Corp (2.40%) and Millennium Management LLC (1.46%). Company insiders that own Laredo Petroleum stock include Patrick J Curth, Peter Kagan and Pincus Private Equity Warburg. View Institutional Ownership Trends for Laredo Petroleum.

LPI stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Van ECK Associates Corp, SailingStone Capital Partners LLC, First Quadrant L P CA, Prudential Financial Inc., Victory Capital Management Inc., WS Management Lllp and Raymond James & Associates. Company insiders that have sold Laredo Petroleum company stock in the last year include Peter Kagan and Pincus Private Equity Warburg. View Insider Buying and Selling for Laredo Petroleum.

LPI stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Dimensional Fund Advisors LP, BlackRock Inc., Freestone Capital Holdings LLC, Oregon Public Employees Retirement Fund, Two Sigma Advisers LP, Geode Capital Management LLC and Smith Asset Management Group LP. 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, Scottrade, Fidelity and Charles Schwab.

One share of LPI stock can currently be purchased for approximately $3.77.

Laredo Petroleum has a market capitalization of $881.74 million and generates $1.11 billion in revenue each year. The oil and gas producer earns $548.97 million in net income (profit) each year or $0.93 on an earnings per share basis. Laredo Petroleum employs 390 workers across the globe.

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]