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

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$3.30 -0.05 (-1.49 %)
(As of 04/24/2019 02:04 PM ET)
Previous Close$3.35
Today's Range$3.28 - $3.35
52-Week Range$2.80 - $11.18
Volume217,799 shs
Average Volume5.32 million shs
Market Capitalization$789.38 million
P/E Ratio3.55
Dividend YieldN/A
Beta1.47
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. As of December 31, 2018, it had assembled 120,617 net acres in the Permian Basin; and had total proved reserves of 238,167 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 founded in 2006 and is headquartered in Tulsa, Oklahoma.

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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$1.8539 per share
Book Value$5.02 per share

Profitability

Net Income$324.59 million

Miscellaneous

Employees340
Market Cap$789.38 million
Next Earnings Date5/1/2019 (Confirmed)
OptionableOptionable

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 permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum Inc (NYSE:LPI) announced its quarterly earnings data on Wednesday, February, 13th. The oil and gas producer reported $0.16 EPS for the quarter, missing the Thomson Reuters' 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 21.16% 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 period in the previous year, the company posted $0.19 EPS. 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, May 1st 2019. View Earnings Estimates for Laredo Petroleum.

How can I listen to Laredo Petroleum's earnings call?

Laredo Petroleum will be holding an earnings conference call on Thursday, May 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for LPI?

10 brokerages have issued twelve-month price targets for Laredo Petroleum's stock. Their forecasts range from $3.00 to $14.00. On average, they expect Laredo Petroleum's share price to reach $6.8333 in the next year. This suggests a possible upside of 107.1% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

What is the consensus analysts' recommendation for Laredo Petroleum?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 3 sell ratings, 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Laredo Petroleum.

Has Laredo Petroleum been receiving favorable news coverage?

Media headlines about LPI stock have been trending very positive this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Laredo Petroleum earned a coverage optimism score of 3.3 on InfoTrie's scale. They also gave news articles about the oil and gas producer a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.

Are investors shorting Laredo Petroleum?

Laredo Petroleum saw a decrease in short interest in the month of March. As of March 29th, there was short interest totalling 28,048,164 shares, a decrease of 10.5% from the March 15th total of 31,327,709 shares. Based on an average daily trading volume, of 5,950,209 shares, the short-interest ratio is presently 4.7 days. Approximately 15.9% of the shares of the 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), Cara Therapeutics (CARA), Zynerba Pharmaceuticals (ZYNE), Pandora Media (P), Statoil (STO), Matador Resources (MTDR) 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)
  • Mr. Richard C. Buterbaugh, Exec. VP & CFO (Age 64)
  • Mr. Kenneth E. Dornblaser, Sr. VP - Legal & Admin. and Corp. Sec. (Age 64)
  • Mr. Daniel C. Schooley, Sr. VP of Midstream, Marketing & Subsurface (Age 63)
  • Mr. Patrick J. Curth, Sr. Advisor (Age 67)

Who are Laredo Petroleum's major shareholders?

Laredo Petroleum's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Denali Advisors LLC (0.01%) and Virtu Financial LLC (0.01%). Company insiders that own Laredo Petroleum stock include Peter Kagan and Pincus Private Equity Warburg. View Institutional Ownership Trends for Laredo Petroleum.

Which major investors are buying Laredo Petroleum stock?

LPI stock was purchased by a variety of institutional investors in the last quarter, including Denali Advisors LLC and Virtu Financial LLC. 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, Scottrade, Fidelity and Charles Schwab.

What is Laredo Petroleum's stock price today?

One share of LPI stock can currently be purchased for approximately $3.30.

How big of a company is Laredo Petroleum?

Laredo Petroleum has a market capitalization of $789.38 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.

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:  480 (Vote Outperform)
Underperform Votes:  601 (Vote Underperform)
Total Votes:  1,081
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 4/24/2019 by MarketBeat.com Staff

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