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

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$3.77 -0.09 (-2.33 %)
(As of 02/19/2019 01:45 PM ET)
Previous Close$3.86
Today's Range$3.73 - $3.88
52-Week Range$3.00 - $11.18
Volume141,228 shs
Average Volume4.52 million shs
Market Capitalization$881.74 million
P/E Ratio4.05
Dividend YieldN/A
Beta1.54
Laredo Petroleum, Inc. operates as an independent energy company in the United States. It operates through two segments, Exploration and Production; and Midstream and Marketing. The company engages in the acquisition, exploration, and development of oil and natural gas properties; and the transportation of oil and natural gas primarily in the Permian Basin in West Texas, as well as rig fuel, natural gas lift, and water delivery and takeaway services. As of December 31, 2017, it had assembled 124,843 net acres in the Permian Basin; and had total proved reserves of 215,883 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.

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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.11 billion
Cash Flow$1.2609 per share
Book Value$3.16 per share

Profitability

Net Income$548.97 million

Miscellaneous

Employees390
Market Cap$881.74 million
OptionableOptionable

Laredo Petroleum (NYSE:LPI) Frequently Asked Questions

What is Laredo Petroleum's stock symbol?

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

How will Laredo Petroleum's stock buyback program work?

Laredo Petroleum announced that its Board of Directors has initiated a share buyback program on Thursday, February 15th 2018, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum Inc (NYSE:LPI) issued its earnings results on Wednesday, February, 13th. The oil and gas producer reported $0.16 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.20 by $0.04. The oil and gas producer earned $215.28 million during the quarter, compared to analysts' expectations of $253.75 million. Laredo Petroleum had a return on equity of 22.26% and a net margin of 29.37%. The company's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. View Laredo Petroleum's Earnings History.

When is Laredo Petroleum's next earnings date?

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Laredo Petroleum.

What price target have analysts set for LPI?

11 brokerages have issued 1 year price targets for Laredo Petroleum's stock. Their forecasts range from $3.00 to $14.00. On average, they anticipate Laredo Petroleum's share price to reach $7.2857 in the next year. This suggests a possible upside of 93.3% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

What is the consensus analysts' recommendation 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.

Has Laredo Petroleum been receiving favorable news coverage?

News stories about LPI stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Laredo Petroleum earned a news sentiment score of 0.9 on InfoTrie's scale. They also assigned press coverage about the oil and gas producer a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Are investors shorting Laredo Petroleum?

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

Who are some of Laredo Petroleum's key competitors?

Who are Laredo Petroleum's key executives?

Laredo Petroleum's management team includes the folowing people:
  • Mr. Randy A. Foutch, Founder, Chairman & CEO (Age 67)
  • Mr. Richard C. Buterbaugh, Exec. VP & CFO (Age 64)
  • Mr. Kenneth E. Dornblaser, Sr. VP - Legal & Admin. and Corp. Sec. (Age 64)
  • Mr. Daniel C. Schooley, Sr. VP of Midstream, Marketing & Subsurface (Age 63)
  • Mr. Patrick J. Curth, Sr. Advisor (Age 67)

Who are Laredo Petroleum's major shareholders?

Laredo Petroleum's stock is owned by a variety of 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.

Which institutional investors are selling Laredo Petroleum stock?

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.

Which institutional investors are buying Laredo Petroleum stock?

LPI stock was acquired 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 Smith Asset Management Group LP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Laredo Petroleum's stock price today?

One share of LPI stock can currently be purchased for approximately $3.77.

How big of a company is Laredo Petroleum?

Laredo Petroleum has a market capitalization of $881.74 million and generates $1.11 billion in revenue each year. The oil and gas producer earns $548.97 million in net income (profit) each year or $0.93 on an earnings per share basis. Laredo Petroleum employs 390 workers across the globe.

What is Laredo Petroleum's official website?

The official website for Laredo Petroleum is http://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]


MarketBeat Community Rating for Laredo Petroleum (NYSE LPI)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  470 (Vote Outperform)
Underperform Votes:  583 (Vote Underperform)
Total Votes:  1,053
MarketBeat's community ratings are surveys of what our community members think about Laredo Petroleum and other stocks. Vote "Outperform" if you believe LPI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LPI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/19/2019 by MarketBeat.com Staff

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