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

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

Laredo Petroleum declared that its board has authorized a share repurchase plan on Thursday, February 15th 2018, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Laredo Petroleum Inc (NYSE:LPI) announced its earnings results on Wednesday, July, 31st. The oil and gas producer reported $0.24 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.05. The oil and gas producer earned $216.60 million during the quarter, compared to analyst estimates of $213.24 million. Laredo Petroleum had a return on equity of 15.59% and a net margin of 40.05%. The company's revenue was down 38.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. View Laredo Petroleum's Earnings History.

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Laredo Petroleum.

9 analysts have issued 12 month target prices for Laredo Petroleum's shares. Their predictions range from $2.83 to $7.00. On average, they expect Laredo Petroleum's share price to reach $5.0550 in the next year. This suggests a possible upside of 79.3% 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 6 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 trended negative this week, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. 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 impact score of -2.3 on InfoTrie's scale. They also assigned media 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 effect on the stock's share price in the immediate future. View News Stories for Laredo Petroleum.

Laredo Petroleum saw a increase in short interest during the month of July. As of July 15th, there was short interest totalling 28,825,700 shares, an increase of 5.9% from the June 15th total of 27,212,300 shares. Based on an average trading volume of 5,020,000 shares, the days-to-cover ratio is presently 5.7 days. Currently, 16.3% of the shares of the stock are sold short. View Laredo Petroleum's Current Options Chain.

Some companies that are related to Laredo Petroleum include Magnolia Oil & Gas (MGY), Kosmos Energy (KOS), Vermilion Energy (VET), Chesapeake Energy (CHK), DELEK GRP LTD/ADR (DGRLY), Matador Resources (MTDR), PDC Energy (PDCE), ARC Resources (AETUF), Crescent Point Energy (CPG), Tellurian (TELL), Enerplus (ERF), Jagged Peak Energy (JAG), CNX Resources (CNX), Centennial Resource Development (CDEV) and Antero Resources (AR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Laredo Petroleum investors own include Teekay Tankers (TNK), ConocoPhillips (COP), Willamette Valley Vineyards (WVVI), Advanced Micro Devices (AMD), Zynerba Pharmaceuticals (ZYNE), Cara Therapeutics (CARA), Pandora Media (P), Statoil (STO), Matador Resources (MTDR) and Ford Motor (F).

Laredo Petroleum's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.02%), Vanguard Group Inc. (7.10%), Bank of New York Mellon Corp (2.04%), Renaissance Technologies LLC (1.75%), Parametric Portfolio Associates LLC (1.52%) and LSV Asset Management (1.48%). 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 JPMorgan Chase & Co., WS Management Lllp, Vanguard Group Inc., Man Group plc, Invesco Ltd., AQR Capital Management LLC, Renaissance Technologies LLC and Paloma Partners Management Co. Company insiders that have sold Laredo Petroleum company stock in the last year include Peter Kagan, Pincus Private Equity Warburg and Warburg Pincus Llc. View Insider Buying and Selling for Laredo Petroleum.

LPI stock was acquired by a variety of institutional investors in the last quarter, including Parametric Portfolio Associates LLC, Caymus Capital Partners L.P., Balyasny Asset Management LLC, Nuveen Asset Management LLC, Morgan Stanley, A.R.T. Advisors LLC, Connor Clark & Lunn Investment Management Ltd. and Denali Advisors LLC. 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, Scottrade, Fidelity and Charles Schwab.

One share of LPI stock can currently be purchased for approximately $2.82.

Laredo Petroleum has a market capitalization of $669.67 million and generates $1.11 billion in revenue each year. The oil and gas producer earns $324.59 million in net income (profit) each year or $0.93 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]