Laredo Petroleum Stock Forecast, Price & News

+1.46 (+2.28 %)
(As of 06/15/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume437,924 shs
Average Volume559,002 shs
Market Capitalization$843.08 million
P/E RatioN/A
Dividend YieldN/A
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About Laredo Petroleum

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. It engages in the sale of oil, natural gas liquids, and natural gas. The company also engages in the integrated oil and natural gas gathering and transportation systems and related facilities; centralized oil storage tanks; natural gas lift, fuel for drilling, and completions activities; centralized compression infrastructure; and water storage, recycling and transportation facilities. As of December 31, 2020, it had assembled 133,199 net acres in the Permian Basin; and had total proved reserves of 24,642 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings, Inc. and changed its name to Laredo Petroleum, Inc. in December 2013. Laredo Petroleum, Inc. was incorporated in 2006 and is headquartered in Tulsa, Oklahoma.


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Industry, Sector and Symbol

Sales & Book Value






Overall MarketRank

1.20 out of 5 stars

Oils/Energy Sector

211th out of 689 stocks

Crude Petroleum & Natural Gas Industry

78th out of 257 stocks

Analyst Opinion: 1.2Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
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Laredo Petroleum (NYSE:LPI) Frequently Asked Questions

Is Laredo Petroleum a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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.

What stocks does MarketBeat like better than Laredo Petroleum?

Wall Street analysts have given Laredo Petroleum a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Laredo Petroleum wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Laredo Petroleum's next earnings date?

Laredo Petroleum is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Laredo Petroleum

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum, Inc. (NYSE:LPI) issued its quarterly earnings results on Wednesday, May, 5th. The oil and gas producer reported $1.71 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.98 by $0.27. The oil and gas producer had revenue of $250.23 million for the quarter, compared to the consensus estimate of $189.60 million. Laredo Petroleum had a negative net margin of 141.78% and a positive trailing twelve-month return on equity of 124.89%.
View Laredo Petroleum's earnings history

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

Laredo Petroleum's stock was trading at $11.4020 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LPI shares have increased by 473.2% and is now trading at $65.36.
View which stocks have been most impacted by COVID-19

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

Shares of Laredo Petroleum 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?

7 brokerages have issued 12-month target prices for Laredo Petroleum's stock. Their forecasts range from $12.00 to $52.00. On average, they anticipate Laredo Petroleum's stock price to reach $29.00 in the next twelve months. This suggests that the stock has a possible downside of 55.6%.
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:
  • Mr. Mikell Jason Pigott, Pres, CEO & Director (Age 47, Pay $1.54M)
  • Mr. Bryan J. Lemmerman, Sr. VP & CFO (Age 46, Pay $1.22M)
  • Dr. Tommye Karen Chandler, Sr. VP & COO (Age 51, Pay $855.84k)
  • Mr. Mark David Denny, Sr. VP, Gen. Counsel & Sec. (Age 40, Pay $620.84k)
  • Jessica R. Wren, Interim Principal Accounting Officer
  • Mr. Brandon Brown, VP & Chief Information Officer
  • Mr. Ronald L. Hagood, VP of Investor Relations
  • Mr. Benjamin C. Klein, VP of Midstream & Marketing
  • Ms. Amelia Kim Harding, VP of HR (Age 51)
  • Mr. David S. Ferris, VP & Chief Sustainability Officer

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.

Who are some of Laredo Petroleum's key competitors?

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.58%), Dimensional Fund Advisors LP (2.93%), Arrowstreet Capital Limited Partnership (1.70%), Morgan Stanley (1.39%), Acadian Asset Management LLC (1.13%) and Renaissance Technologies LLC (1.06%). Company insiders that own Laredo Petroleum stock include James R Levy, 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, JPMorgan Chase & Co., PDT Partners LLC, Intrinsic Edge Capital Management LLC, Prudential Financial Inc., UBS Group AG, Arrowstreet Capital Limited Partnership, and Squarepoint Ops LLC. Company insiders that have sold Laredo Petroleum company stock in the last year include James R Levy, Pincus Private Equity Warburg, and Warburg Pincus Llc.
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 purchased by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Dimensional Fund Advisors LP, Goldman Sachs Group Inc., BlackRock Inc., HRT Financial LP, EAM Investors LLC, Creative Planning, and Hussman Strategic Advisors Inc..
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 $65.36.

How much money does Laredo Petroleum make?

Laredo Petroleum has a market capitalization of $843.08 million and generates $677.19 million in revenue each year. The oil and gas producer earns $-874,170,000.00 in net income (profit) each year or $11.51 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 or via email at [email protected]

This page was last updated on 6/16/2021 by MarketBeat.com Staff
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