NYSE:LPILaredo Petroleum Stock Price, Forecast & News

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. Since then, LPI stock has increased by 18.8% and is now trading at $13.55. View which stocks have been most impacted by Coronavirus.

10 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Laredo Petroleum.

Laredo Petroleum is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Laredo Petroleum.

Laredo Petroleum will be holding an earnings conference call on Wednesday, August 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.

Laredo Petroleum Inc (NYSE:LPI) issued its quarterly earnings results on Wednesday, May, 6th. The oil and gas producer reported $1.80 earnings per share for the quarter, missing the Zacks' consensus estimate of $2.00 by $0.20. The oil and gas producer had revenue of $204.99 million for the quarter, compared to analysts' expectations of $184.46 million. Laredo Petroleum had a negative net margin of 11.74% and a positive return on equity of 15.20%. View Laredo Petroleum's earnings history.

Laredo Petroleum's stock 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 market closes 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.

10 analysts have issued 12 month price objectives for Laredo Petroleum's stock. Their forecasts range from $14.00 to $112.00. On average, they expect Laredo Petroleum's share price to reach $49.95 in the next twelve months. This suggests a possible upside of 268.6% from the stock's current price. View analysts' price targets for Laredo Petroleum.

Press coverage about LPI stock has been trending negative on Monday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Laredo Petroleum earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned press coverage about the oil and gas producer a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Laredo Petroleum.

Laredo Petroleum saw a drop in short interest in June. As of June 30th, there was short interest totaling 1,450,000 shares, a drop of 92.7% from the June 15th total of 19,930,000 shares. Based on an average daily trading volume, of 476,400 shares, the short-interest ratio is presently 3.0 days. Currently, 16.0% 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 ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Continental Resources (CLR), Diamondback Energy (FANG), Apache (APA), Marathon Oil (MRO), Noble Energy (NBL), Devon Energy (DVN), WPX Energy (WPX), EQT (EQT), Cimarex Energy (XEC) and Range Resources (RRC). View all competitors.

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), Ford Motor (F), Pandora Media (P) and Statoil (STO).

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

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 $13.55.

Laredo Petroleum has a market capitalization of $162.19 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. Laredo Petroleum employs 340 workers across the globe.

The official website for Laredo Petroleum is 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]