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 plan on Thursday, February 15th 2018, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Laredo Petroleum Inc (NYSE:LPI) posted its quarterly earnings results 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 had revenue of $215.28 million for 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 business's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 EPS. 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 twelve-month target prices for Laredo Petroleum's stock. Their predictions range from $3.00 to $14.00. On average, they expect Laredo Petroleum's share price to reach $7.2857 in the next year. This suggests a possible upside of 101.3% 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 headlines about LPI stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Laredo Petroleum earned a news impact score of 1.7 on InfoTrie's scale. They also assigned media headlines about the oil and gas producer a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term.

Laredo Petroleum saw a increase in short interest in 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 trading volume, of 4,185,570 shares, the short-interest ratio is currently 7.3 days. Approximately 17.1% of the company's stock are short sold. View Laredo Petroleum's Current Options Chain.

Some companies that are related to Laredo Petroleum include Magnolia Oil & Gas (MGY), Antero Resources (AR), ARC Resources (AETUF), Range Resources (RRC), Whiting Petroleum (WLL), PDC Energy (PDCE), Kosmos Energy (KOS), Southwestern Energy (SWN), Tellurian (TELL), Chesapeake Energy (CHK), Jagged Peak Energy (JAG), Matador Resources (MTDR), DELEK GRP LTD/ADR (DGRLY), CNX Resources (CNX) and Enerplus (ERF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Laredo Petroleum investors own include Magnegas Applied Tchnlgy Sltns (MNGA), Oasis Petroleum (OAS), Teekay Tankers (TNK), Intelsat (I), Bank of America (BAC), Advanced Micro Devices (AMD), Chesapeake Energy (CHK), WPX Energy (WPX), Micron Technology (MU) and Transocean (RIG).

Laredo Petroleum's stock is owned by many different 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 bought 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 Nordea Investment Management AB. 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 $3.62.

Laredo Petroleum has a market capitalization of $846.80 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 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]