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NYSE:LPI

Laredo Petroleum Stock Forecast, Price & News

$12.42
+0.41 (+3.41 %)
(As of 12/3/2020 02:17 PM ET)
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Compare
Today's Range
$11.65
Now: $12.42
$12.63
50-Day Range
$8.01
MA: $10.12
$13.25
52-Week Range
$6.60
Now: $12.42
$61.00
Volume14,711 shs
Average Volume459,324 shs
Market Capitalization$149.09 million
P/E RatioN/A
Dividend YieldN/A
Beta4.61
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 engages in midstream and marketing infrastructure activities, including transportation and marketing of oil and natural gas, and handling of fresh, recycled, and produced water, as well as operates natural gas lift facilities. As of December 31, 2019, it had assembled 133,512 net acres in the Permian Basin; and had total proved reserves of 293,377 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.
Laredo Petroleum logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.39 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
CUSIP51680610
Phone918-513-4570
Employees280

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$837.28 million
Cash Flow$36.53 per share
Book Value$11.79 per share

Profitability

Net Income$-342,460,000.00
Net Margins-111.63%

Miscellaneous

Market Cap$149.09 million
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$12.42
+0.41 (+3.41 %)
(As of 12/3/2020 02:17 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Laredo Petroleum (NYSE:LPI) Frequently Asked Questions

How has Laredo Petroleum's stock been impacted by Coronavirus (COVID-19)?

Laredo Petroleum's stock was trading at $11.4020 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LPI stock has increased by 7.0% and is now trading at $12.20.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Laredo Petroleum?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 2 sell ratings, 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Laredo Petroleum
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Laredo Petroleum?

Wall Street analysts have given Laredo Petroleum a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Laredo Petroleum wasn't one of them. MarketBeat thinks these five stocks 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, February 10th 2021.
View our earnings forecast for Laredo Petroleum
.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum, Inc. (NYSE:LPI) announced its quarterly earnings results on Wednesday, November, 4th. The oil and gas producer reported $4.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.32 by $0.70. Laredo Petroleum had a positive return on equity of 23.92% and a negative net margin of 111.63%.
View Laredo Petroleum's earnings history
.

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

Shares of Laredo Petroleum reverse split before market open on 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?

11 Wall Street analysts have issued twelve-month price objectives for Laredo Petroleum's stock. Their forecasts range from $12.00 to $112.00. On average, they anticipate Laredo Petroleum's share price to reach $37.27 in the next year. This suggests a possible upside of 205.5% from the stock's current price.
View analysts' price targets for Laredo Petroleum
.

Are investors shorting Laredo Petroleum?

Laredo Petroleum saw a decline in short interest in November. As of November 15th, there was short interest totaling 1,460,000 shares, a decline of 21.9% from the October 31st total of 1,870,000 shares. Based on an average daily trading volume, of 492,500 shares, the days-to-cover ratio is currently 3.0 days. Currently, 16.3% of the shares of the stock are sold short.
View Laredo Petroleum's Short Interest
.

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), Advanced Micro Devices (AMD), Willamette Valley Vineyards (WVVI), Matador Resources (MTDR), Cara Therapeutics (CARA), Zynerba Pharmaceuticals (ZYNE), Ford Motor (F), Pandora Media (P) and 426673 (STO).

Who are Laredo Petroleum's key executives?

Laredo Petroleum's management team includes the following people:
  • Mr. Mikell J. Pigott, Pres, CEO & Director (Age 46, Pay $2.67M)
  • Mr. Randy A. Foutch, Founder (Age 68, Pay $8.01M)
  • Dr. Tommye Karen Chandler, Sr. VP & COO (Age 49, Pay $922.52k)
  • Mr. Mark David Denny, Sr. VP, Gen. Counsel & Sec.
  • Mr. Bryan J. Lemmerman, Sr. VP & CFO (Age 45)
  • 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 50)

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. (8.45%), Arrowstreet Capital Limited Partnership (2.23%), JPMorgan Chase & Co. (1.70%), State Street Corp (1.02%), Morgan Stanley (0.73%) and Engineers Gate Manager LP (0.59%). 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 major investors are selling Laredo Petroleum stock?

LPI stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, LSV Asset Management, Cubist Systematic Strategies LLC, and American International Group Inc.. 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
.

Which major investors are buying Laredo Petroleum stock?

LPI stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Arrowstreet Capital Limited Partnership, Engineers Gate Manager LP, IPG Investment Advisors LLC, Trexquant Investment LP, BlackRock Inc., CoreCommodity Management LLC, and ExodusPoint Capital Management LP.
View insider buying and selling activity 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 $12.20.

How big of a company is Laredo Petroleum?

Laredo Petroleum has a market capitalization of $146.45 million and generates $837.28 million in revenue each year. The oil and gas producer earns $-342,460,000.00 in net income (profit) each year or $14.80 on an earnings per share basis. Laredo Petroleum employs 280 workers across the globe.

What is Laredo Petroleum's official website?

The official website for Laredo Petroleum is 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]

This page was last updated on 12/3/2020 by MarketBeat.com Staff

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