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

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$3.11 -0.22 (-6.61 %)
(As of 03/24/2019 11:46 AM ET)
Previous Close$3.11
Today's Range$3.10 - $3.35
52-Week Range$2.80 - $11.18
Volume7.10 million shs
Average Volume5.98 million shs
Market Capitalization$727.49 million
P/E Ratio3.34
Dividend YieldN/A
Beta1.49
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. The company also provides midstream and marketing services comprising transportation and marketing of oil and natural gas; and natural gas lift systems, crude oil and natural gas gathering, and water delivery and takeaway services. As of December 31, 2018, it had assembled 120,617 net acres in the Permian Basin; and had total proved reserves of 238,167 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$1.7670 per share
Book Value$5.02 per share

Profitability

Net Income$324.59 million

Miscellaneous

Employees340
Market Cap$727.49 million
Next Earnings Date5/1/2019 (Estimated)
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 has authorized 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 repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum Inc (NYSE:LPI) released its quarterly 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 had revenue of $215.28 million for the quarter, compared to analysts' expectations of $253.75 million. Laredo Petroleum had a return on equity of 21.16% and a net margin of 29.37%. The firm's revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the business earned $0.19 EPS. 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?

10 brokers have issued twelve-month target prices for Laredo Petroleum's shares. Their forecasts range from $3.00 to $14.00. On average, they expect Laredo Petroleum's stock price to reach $6.8333 in the next year. This suggests a possible upside of 119.7% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

What is the consensus analysts' recommendation for Laredo Petroleum?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 3 sell ratings, 6 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?

Media coverage about LPI stock has been trending positive this week, according to InfoTrie. The research group identifies positive and negative press coverage by reviewing 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 five, 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 gave news headlines about the oil and gas producer a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term.

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 Magnegas Applied Tchnlgy Sltns (MNGA), Oasis Petroleum (OAS), Teekay Tankers (TNK), Intelsat (I), Bank of America (BAC), Advanced Micro Devices (AMD), Micron Technology (MU), WPX Energy (WPX), Chesapeake Energy (CHK) and Fossil Group (FOSL).

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 many different 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%), Dimensional Fund Advisors LP (4.33%), WS Management Lllp (2.45%) and Bank of New York Mellon Corp (2.40%). 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 major 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 major investors are buying Laredo Petroleum stock?

LPI stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Norges Bank, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, BlackRock Inc., Freestone Capital Holdings LLC, Oregon Public Employees Retirement Fund and Two Sigma Advisers 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 $3.11.

How big of a company is Laredo Petroleum?

Laredo Petroleum has a market capitalization of $727.49 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.

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:  475 (Vote Outperform)
Underperform Votes:  593 (Vote Underperform)
Total Votes:  1,068
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 3/24/2019 by MarketBeat.com Staff

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