NYSE:LPI

Laredo Petroleum Stock Forecast, Price & News

$33.21
-1.35 (-3.91 %)
(As of 04/22/2021 12:00 AM ET)
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Today's Range
$33.11
Now: $33.21
$34.98
50-Day Range
$28.88
MA: $34.37
$42.37
52-Week Range
$7.71
Now: $33.21
$43.98
Volume400,982 shs
Average Volume548,740 shs
Market Capitalization$428.41 million
P/E RatioN/A
Dividend YieldN/A
Beta4.72
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. It engages in the sale of oil, natural gas liquids, and natural gas. The company also engages in the integrated oil and natural gas gathering and transportation systems and related facilities; centralized oil storage tanks; natural gas lift, fuel for drilling, and completions activities; centralized compression infrastructure; and water storage, recycling and transportation facilities. As of December 31, 2020, it had assembled 133,199 net acres in the Permian Basin; and had total proved reserves of 24,642 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 logo

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
CUSIP51680610
Phone918-513-4570
Employees257
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$837.28 million
Cash Flow$49.57 per share
Book Value$71.00 per share

Profitability

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

Miscellaneous

Market Cap$428.41 million
Next Earnings Date5/5/2021 (Confirmed)
OptionableOptionable

Headlines

LPI May 2021 39.000 put
April 22, 2021 |  ca.finance.yahoo.com
Laredo Petroleum readies At-the-Market equity program
February 25, 2021 |  seekingalpha.com
Laredo Petroleum Announces "At-the-Market" Equity Program
February 23, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

0.94 out of 5 stars

Oils/Energy Sector

285th out of 666 stocks

Crude Petroleum & Natural Gas Industry

99th out of 246 stocks

Analyst Opinion: 1.1Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
$33.21
-1.35 (-3.91 %)
(As of 04/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Laredo Petroleum (NYSE:LPI) Frequently Asked Questions

Is Laredo Petroleum a buy right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Laredo Petroleum stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LPI, but not buy additional shares or sell existing shares.
View analyst ratings for Laredo Petroleum
or view top-rated stocks.

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 past winning trading ideas 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.

Are investors shorting Laredo Petroleum?

Laredo Petroleum saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 1,180,000 shares, an increase of 31.5% from the February 28th total of 897,000 shares. Based on an average daily trading volume, of 570,700 shares, the short-interest ratio is presently 2.1 days. Approximately 10.3% of the shares of the company are short sold.
View Laredo Petroleum's Short Interest
.

When is Laredo Petroleum's next earnings date?

Laredo Petroleum is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Laredo Petroleum
.

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

Laredo Petroleum will be holding an earnings conference call on Wednesday, May 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum, Inc. (NYSE:LPI) posted its quarterly earnings data on Sunday, February, 21st. The oil and gas producer reported $3.23 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $3.19 by $0.04. The oil and gas producer earned $188.07 million during the quarter, compared to the consensus estimate of $183.28 million. Laredo Petroleum had a positive trailing twelve-month return on equity of 23.92% and a negative net margin of 111.63%.
View Laredo Petroleum's earnings history
.

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

Laredo Petroleum's stock was trading at $11.4020 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LPI stock has increased by 191.3% and is now trading at $33.21.
View which stocks have been most impacted by COVID-19
.

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

Laredo Petroleum shares 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 closing bell 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?

7 brokerages have issued 1 year target prices for Laredo Petroleum's stock. Their forecasts range from $12.00 to $36.00. On average, they expect Laredo Petroleum's share price to reach $22.50 in the next year. This suggests that the stock has a possible downside of 32.2%.
View analysts' price targets for Laredo Petroleum
or view top-rated stocks among Wall Street analysts.

Who are Laredo Petroleum's key executives?

Laredo Petroleum's management team includes the following people:
  • Mr. Mikell Jason Pigott, Pres, CEO & Director (Age 47, Pay $2.67M)
  • Mr. Randy A. Foutch, Founder (Age 69, 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 46)
  • Jessica R. Wren, Interim Principal Accounting Officer
  • 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 51)

What is Randy A. Foutch's approval rating as Laredo Petroleum's CEO?

9 employees have rated Laredo Petroleum CEO Randy A. Foutch on Glassdoor.com. Randy A. Foutch has an approval rating of 78% among Laredo Petroleum's employees.

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).

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 institutional and retail investors. Top institutional shareholders include BOKF NA (0.32%), State of Alaska Department of Revenue (0.05%), James Investment Research Inc. (0.03%) and New York State Teachers Retirement System (0.03%). 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 BOKF NA, and State of Alaska Department of Revenue. 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
or view top insider-selling stocks.

Which major investors are buying Laredo Petroleum stock?

LPI stock was acquired by a variety of institutional investors in the last quarter, including James Investment Research Inc., and New York State Teachers Retirement System.
View insider buying and selling activity for Laredo Petroleum
or or view top insider-buying stocks.

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 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 $33.21.

How much money does Laredo Petroleum make?

Laredo Petroleum has a market capitalization of $428.41 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.

How many employees does Laredo Petroleum have?

Laredo Petroleum employs 257 workers across the globe.

What is Laredo Petroleum's official website?

The official website for Laredo Petroleum is www.laredopetro.com.

Where are Laredo Petroleum's headquarters?

Laredo Petroleum is headquartered at 15 WEST SIXTH STREET SUITE 900, TULSA OK, 74119.

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 4/23/2021 by MarketBeat.com Staff
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