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

Laredo Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "LPI."

Laredo Petroleum Inc (NYSE:LPI) released its quarterly earnings data on Wednesday, February, 12th. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.01. The oil and gas producer had revenue of $218.12 million for the quarter, compared to analysts' expectations of $208.02 million. Laredo Petroleum had a positive return on equity of 15.51% and a negative net margin of 40.90%. Laredo Petroleum's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share. View Laredo Petroleum's Earnings History.

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Laredo Petroleum.

9 brokers have issued 12 month price objectives for Laredo Petroleum's stock. Their forecasts range from $2.00 to $7.00. On average, they expect Laredo Petroleum's share price to reach $4.43 in the next twelve months. This suggests a possible upside of 205.4% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Laredo Petroleum.

News coverage about LPI stock has been trending negative this week, InfoTrie reports. The research firm rates the sentiment of news coverage by analyzing 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 five, with scores closest to five being the most favorable. Laredo Petroleum earned a news sentiment score of -2.3 on InfoTrie's scale. They also assigned news headlines about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Laredo Petroleum.

Laredo Petroleum saw a drop in short interest in January. As of January 15th, there was short interest totalling 38,840,000 shares, a drop of 8.4% from the December 31st total of 42,420,000 shares. Based on an average daily volume of 5,160,000 shares, the short-interest ratio is presently 7.5 days. Currently, 21.7% of the company's stock are sold short. View Laredo Petroleum's Current Options Chain.

Some companies that are related to Laredo Petroleum include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Diamondback Energy (FANG), Apache (APA), Continental Resources (CLR), Noble Energy (NBL), Devon Energy (DVN), Marathon Oil (MRO), Cabot Oil & Gas (COG), WPX Energy (WPX), Cimarex Energy (XEC), Kosmos Energy (KOS) and Matador Resources (MTDR).

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), Zynerba Pharmaceuticals (ZYNE), Cara Therapeutics (CARA), Matador Resources (MTDR), Pandora Media (P), Statoil (STO) and Ford Motor (F).

Laredo Petroleum's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (4.94%), Renaissance Technologies LLC (2.78%), Bank of New York Mellon Corp (2.02%), Royce & Associates LP (1.86%), Caymus Capital Partners L.P. (1.36%) and LSV Asset Management (1.27%). Company insiders that own Laredo Petroleum stock include Peter Kagan, Pincus Private Equity Warburg and Warburg Pincus Llc. View Institutional Ownership Trends for Laredo Petroleum.

LPI stock was sold by a variety of institutional investors in the last quarter, including Oxford Asset Management LLP, LSV Asset Management, Russell Investments Group Ltd., FMR LLC, Credit Suisse AG, Arizona State Retirement System, Rafferty Asset Management LLC and Connor Clark & Lunn Investment Management Ltd.. View Insider Buying and Selling for Laredo Petroleum.

LPI stock was bought by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Point72 Asset Management L.P., Renaissance Technologies LLC, Caymus Capital Partners L.P., State Street Corp, Royce & Associates LP, Bank of America Corp DE and First Trust Advisors LP. 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, Robinhood, Fidelity and Charles Schwab.

One share of LPI stock can currently be purchased for approximately $1.45.

Laredo Petroleum has a market capitalization of $343.95 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 $0.74 on an earnings per share basis. Laredo Petroleum employs 340 workers across the globe.View Additional Information About Laredo Petroleum.

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]