NYSE:LPI

Laredo Petroleum - LPI Stock Forecast, Price & News

$66.27

-2.44 (-3.55%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $62.35
▼
$67.24
50-Day Range: $63.64
▼
$116.32
52-Week Range: $36.25
▼
$120.86

Volume: 798,839 shs
Average Volume: 851,453 shs
Market Capitalization: $1.15 billion

P/E Ratio: 2.10
Dividend Yield: N/A
Price Target: $112.50

Laredo Petroleum MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 69.8% Upside
$112.50 Price Target
Short Interest: Bearish
8.55% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.19
Based on 9 Articles This Week
Insider Trading: Selling Shares
$901,990 Sold Last Quarter
Proj. Earnings Growth: 62.40%
From $29.39 to $47.73 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Oils/Energy Sector

74th out of 261 stocks

Crude Petroleum & Natural Gas Industry

34th out of 81 stocks

3.3

Analyst's Opinion

Consensus Rating
Laredo Petroleum has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $112.50, Laredo Petroleum has a forecasted upside of 69.8% from its current price of $66.27.
Amount of Analyst Coverage
Laredo Petroleum has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
8.55% of the float of Laredo Petroleum has been sold short.
Short Interest Ratio / Days to Cover
Laredo Petroleum has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month

0.0

Dividend Strength

Dividend Yield
Laredo Petroleum does not currently pay a dividend.
Dividend Growth
Laredo Petroleum does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LPI.

2.1

News and Social Media Coverage

News Sentiment
Laredo Petroleum has a news sentiment score of -0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Laredo Petroleum this week, compared to 2 articles on an average week.
Search Interest
15 people have searched for LPI on MarketBeat in the last 30 days. This is an increase of 36% compared to the previous 30 days.
MarketBeat Follows
15 people have added Laredo Petroleum to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Laredo Petroleum insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $901,990.00 in company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Laredo Petroleum is held by insiders.
Percentage Held by Institutions
73.49% of the stock of Laredo Petroleum is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Laredo Petroleum are expected to grow by 62.40% in the coming year, from $29.39 to $47.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Laredo Petroleum is 2.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.90.
Price to Earnings Ratio vs. Sector
The P/E ratio of Laredo Petroleum is 2.10, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 36.70.
Price to Book Value per Share Ratio
Laredo Petroleum has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Laredo Petroleum (NYSE:LPI) Stock

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 sells oil, natural gas liquids, and natural gas. As of December 31, 2021, it had assembled 166,064 net acres in the Permian Basin; and had total proved undeveloped reserves of 86,592 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.

Laredo Petroleum Stock Performance

NYSE:LPI traded down $0.17 during trading hours on Friday, reaching $68.71. The stock had a trading volume of 508,946 shares, compared to its average volume of 753,883. The stock has a market cap of $1.19 billion, a P/E ratio of 2.17 and a beta of 3.53. Laredo Petroleum has a 12-month low of $36.25 and a 12-month high of $120.86. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a 50 day simple moving average of $79.59 and a 200 day simple moving average of $76.33.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LPI. Wells Fargo & Company lifted their target price on Laredo Petroleum from $113.00 to $125.00 and gave the company an "underweight" rating in a research report on Monday, July 11th. Raymond James dropped their price target on shares of Laredo Petroleum from $120.00 to $85.00 in a research report on Tuesday, May 24th. Finally, Piper Sandler boosted their target price on shares of Laredo Petroleum from $117.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $112.50.

Insider Activity

In other news, SVP Mark David Denny sold 2,707 shares of the stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $88.95, for a total value of $240,787.65. Following the transaction, the senior vice president now owns 18,452 shares of the company's stock, valued at approximately $1,641,305.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Bryan Lemmerman sold 10,522 shares of Laredo Petroleum stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $62.84, for a total transaction of $661,202.48. Following the completion of the transaction, the chief financial officer now directly owns 61,113 shares of the company's stock, valued at approximately $3,840,340.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mark David Denny sold 2,707 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $88.95, for a total value of $240,787.65. Following the completion of the sale, the senior vice president now directly owns 18,452 shares in the company, valued at $1,641,305.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

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LPI Stock News Headlines

August 15, 2022 | americanbankingnews.com

Laredo Petroleum, Inc. (NYSE:LPI) Receives Average Recommendation of "Hold" from Analysts

August 12, 2022 | seekingalpha.com

Laredo Petroleum: Leech Package Underperformance Trims Its Value

August 15, 2022 | Investing Daily (Ad)

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August 9, 2022 | americanbankingnews.com

Laredo Petroleum, Inc. (NYSE:LPI) to Post FY2022 Earnings of $24.44 Per Share, Capital One Financial Forecasts

August 9, 2022 | americanbankingnews.com

Laredo Petroleum, Inc. to Post Q3 2022 Earnings of $8.20 Per Share, Seaport Res Ptn Forecasts (NYSE:LPI)

August 7, 2022 | finance.yahoo.com

Is Laredo Petroleum, Inc.'s (NYSE:LPI) 78% ROE Better Than Average?

August 6, 2022 | seekingalpha.com

Laredo Petroleum, Inc. 2022 Q2 - Results - Earnings Call Presentation

August 6, 2022 | americanbankingnews.com

Laredo Petroleum (NYSE:LPI) Shares Down 13.8%

August 15, 2022 | Investing Daily (Ad)

27 U.S. Cities Where Stocks Yield 26% a Year

August 4, 2022 | finance.yahoo.com

Laredo Petroleum (LPI) Q2 2022 Earnings Call Transcript

August 4, 2022 | seekingalpha.com

Laredo Petroleum, Inc. (LPI) CEO Jason Pigott on Q2 2022 Results - Earnings Call Transcript

August 3, 2022 | finance.yahoo.com

Laredo Petroleum Announces Second-Quarter 2022 Financial and Operating Results

July 29, 2022 | americanbankingnews.com

Laredo Petroleum's (LPI) Maintains Rating Reiterated at Raymond James

July 28, 2022 | nasdaq.com

Laredo Petroleum, Inc.'s (NYSE:LPI) Intrinsic Value Is Potentially 93% Above Its Share Price

July 27, 2022 | americanbankingnews.com

Laredo Petroleum (NYSE:LPI) Trading 5.6% Higher After Analyst Upgrade

July 25, 2022 | americanbankingnews.com

Piper Sandler Boosts Laredo Petroleum (NYSE:LPI) Price Target to $120.00

July 23, 2022 | americanbankingnews.com

Brokers Offer Predictions for Laredo Petroleum, Inc.'s Q3 2022 Earnings (NYSE:LPI)

July 19, 2022 | nasdaq.com

Laredo Petroleum (LPI) Shares Cross Above 200 DMA

July 16, 2022 | nasdaq.com

First Week of LPI September 16th Options Trading

July 13, 2022 | finance.yahoo.com

Laredo Petroleum Schedules Second-Quarter 2022 Earnings Release and Conference Call

July 11, 2022 | markets.businessinsider.com

Where Laredo Petroleum Stands With Analysts

July 6, 2022 | finance.yahoo.com

Investors five-year losses grow to 71% as the stock sheds US$276m this past week

June 28, 2022 | finance.yahoo.com

Laredo Petroleum Announces Appointment of John Driver and Shihab Kuran to its Board of Directors

June 15, 2022 | finance.yahoo.com

Laredo Petroleum Emerges From a Slow Drip

June 14, 2022 | seekingalpha.com

LPI Laredo Petroleum, Inc.

June 6, 2022 | finance.yahoo.com

Laredo Petroleum, Inc.'s (NYSE:LPI) Intrinsic Value Is Potentially 89% Above Its Share Price

June 3, 2022 | marketwatch.com

Laredo Petroleum Shares Rise 13% After Board Authorizes Share Buyback

See More Headlines

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LPI Company Calendar

Last Earnings: 11/02/2021
Today: 8/15/2022
Next Earnings (Estimated): 11/01/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Crude petroleum & natural gas
Sub-Industry: Oil & Gas Exploration & Production
Sector: Oils/Energy
Current Symbol: NYSE:LPI
CUSIP: 51680610
CIK: 1528129
Web: www.laredopetro.com
Phone: (918) 513-4570
Fax: 918-513-4571
Employees: 273
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $112.50
High Stock Price Forecast: $125.00
Low Stock Price Forecast: $85.00
Forecasted Upside/Downside: +69.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $31.63
Trailing P/E Ratio: 2.10
Forward P/E Ratio: 2.25
P/E Growth: N/A
Net Income: $145.01 million
Net Margins: 27.23%
Pretax Margin: 27.85%
Return on Equity: 65.73%
Return on Assets: 11.63%

Debt

Debt-to-Equity Ratio: 1.90
Current Ratio: 0.47
Quick Ratio: 0.47

Sales & Book Value

Annual Sales: $1.39 billion
Price / Sales: 0.82
Cash Flow: $20.52 per share
Price / Cash Flow: 3.23
Book Value: $30.10 per share
Price / Book: 2.20

Miscellaneous

Outstanding Shares: 17,303,000
Free Float: 16,922,000
Market Cap: $1.15 billion
Optionable: Optionable
Beta: 3.53

Key Executives

Mr. Mikell Jason Pigott (Age 48)
Pres, CEO & Director
Comp: $1.93M
Mr. Bryan J. Lemmerman (Age 47)
Sr. VP & CFO
Comp: $1.1M
Dr. Tommye Karen Chandler (Age 52)
Sr. VP & COO
Comp: $1.12M
Mr. Mark David Denny (Age 41)
Sr. VP, Gen. Counsel & Sec.
Comp: $801.93k
Jessica R. Wren
Interim Principal Accounting Officer
Mr. Brandon Brown
VP & CTO
Mr. Ronald Hagood
VP of Investor Relations
Mr. Benjamin C. Klein
VP of Midstream & Marketing
Ms. Amelia Kim Harding (Age 52)
VP of HR
Mr. David S. Ferris
VP & Chief Sustainability Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LPI Stock - Frequently Asked Questions

Should I buy or sell Laredo Petroleum stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LPI shares.
View LPI analyst ratings or view top-rated stocks.
What is Laredo Petroleum's stock price forecast for 2022?: 4 Wall Street analysts have issued 12 month price objectives for Laredo Petroleum's stock. Their LPI share price forecasts range from $85.00 to $125.00. On average, they expect the company's stock price to reach $112.50 in the next twelve months. This suggests a possible upside of 69.8% from the stock's current price.
View analysts price targets for LPI or view top-rated stocks among Wall Street analysts.
How have LPI shares performed in 2022?: Laredo Petroleum's stock was trading at $60.13 at the beginning of 2022. Since then, LPI stock has increased by 10.2% and is now trading at $66.27.
View the best growth stocks for 2022 here.
When is Laredo Petroleum's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our LPI earnings forecast.
How were Laredo Petroleum's earnings last quarter?: Laredo Petroleum, Inc. (NYSE:LPI) announced its quarterly earnings data on Tuesday, November, 2nd. The oil and gas producer reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.90 by $1.06. The oil and gas producer had revenue of $379.25 million for the quarter, compared to analyst estimates of $261.71 million. Laredo Petroleum had a trailing twelve-month return on equity of 65.73% and a net margin of 27.23%. During the same period last year, the firm posted $4.02 EPS.
When did Laredo Petroleum's stock split?: Laredo Petroleum shares 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 closing bell on Friday, May 29th 2020. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

What is Randy A. Foutch's approval rating as Laredo Petroleum's CEO?: 9 employees have rated Laredo Petroleum Chief Executive Officer Randy A. Foutch on Glassdoor.com. Randy A. Foutch has an approval rating of 78% among the company's employees.
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 Statoil ASA (STO).
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 Millennium Management LLC (1.75%), Northern Trust Corp (0.97%), Loomis Sayles & Co. L P (0.65%), Rafferty Asset Management LLC (0.64%), Citadel Advisors LLC (0.00%) and Principal Financial Group Inc. (0.57%). Insiders that own company stock include Bryan Lemmerman, Encap Energy Capital Fund Ix,, James R Levy, M Jason Pigott, Mark David Denny, Pincus Private Equity Warburg, Tommye Karen Chandler and Warburg Pincus Llc.
View institutional ownership trends.
How do I buy shares of Laredo Petroleum?: Shares of LPI stock 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 $66.27.
How much money does Laredo Petroleum make?: Laredo Petroleum (NYSE:LPI) has a market capitalization of $1.15 billion and generates $1.39 billion in revenue each year. The oil and gas producer earns $145.01 million in net income (profit) each year or $31.63 on an earnings per share basis.
How many employees does Laredo Petroleum have?: The company employs 273 workers across the globe.
How can I contact Laredo Petroleum?: Laredo Petroleum's mailing address is 15 WEST SIXTH STREET SUITE 900, TULSA OK, 74119. The official website for the company is www.laredopetro.com. The oil and gas producer can be reached via phone at (918) 513-4570, via email at rhagood@laredopetro.com, or via fax at 918-513-4571.

This page (NYSE:LPI) was last updated on 8/15/2022 by MarketBeat.com Staff

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Laredo Petroleum - LPI Stock Forecast, Price & News

Laredo Petroleum MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month