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

$3.06
+0.39 (+14.61 %)
(As of 09/16/2019 04:00 PM ET)
Today's Range
$2.89
Now: $3.06
$3.19
50-Day Range
$2.41
MA: $2.70
$3.33
52-Week Range
$2.26
Now: $3.06
$9.03
Volume13.55 million shs
Average Volume5.53 million shs
Market Capitalization$726.66 million
P/E Ratio3.29
Dividend YieldN/A
Beta1.59
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. Read More…

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$2.0265 per share
Book Value$5.02 per share

Profitability

Net Income$324.59 million

Miscellaneous

Employees340
Market Cap$726.66 million
Next Earnings Date11/4/2019 (Estimated)
OptionableOptionable

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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 stock buyback plan on Thursday, February 15th 2018, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum Inc (NYSE:LPI) issued its quarterly earnings data on Wednesday, July, 31st. The oil and gas producer reported $0.24 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.19 by $0.05. The oil and gas producer had revenue of $216.60 million for 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 quarterly revenue was down 38.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 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 Monday, November 4th 2019. View Earnings Estimates for Laredo Petroleum.

What price target have analysts set for LPI?

9 Wall Street 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 65.2% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

What is the consensus analysts' recommendation 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.

Has Laredo Petroleum been receiving favorable news coverage?

Media coverage about LPI stock has been trending somewhat positive this week, InfoTrie Sentiment reports. The research group scores the sentiment of 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 daily sentiment score of 0.9 on InfoTrie's scale. They also assigned news stories about the oil and gas producer a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Laredo Petroleum.

Are investors shorting Laredo Petroleum?

Laredo Petroleum saw a increase in short interest in August. As of August 31st, there was short interest totalling 36,364,800 shares, an increase of 21.5% from the July 31st total of 29,938,100 shares. Based on an average daily trading volume, of 5,740,000 shares, the days-to-cover ratio is currently 6.3 days. Approximately 20.3% of the company's stock are sold short. View Laredo Petroleum's Current Options Chain.

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), 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).

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)
  • Dr. Tommye Karen Chandler, Sr. VP & COO (Age 48)
  • Mr. Michael T. Beyer, Sr. VP & CFO (Age 43)
  • Mr. Ronald L. Hagood, VP of Investor Relations
  • Mr. Mark David Denny, Sr. VP, Gen. Counsel & Sec.

Who are Laredo Petroleum's major shareholders?

Laredo Petroleum's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.02%), Vanguard Group Inc. (7.10%), Luminus Management LLC (4.50%), Bank of New York Mellon Corp (2.04%), Renaissance Technologies LLC (1.75%) and Parametric Portfolio Associates LLC (1.52%). 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.

Which institutional investors are selling Laredo Petroleum stock?

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 and Warburg Pincus Llc. View Insider Buying and Selling for Laredo Petroleum.

Which institutional investors are buying Laredo Petroleum stock?

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

What is Laredo Petroleum's stock price today?

One share of LPI stock can currently be purchased for approximately $3.06.

How big of a company is Laredo Petroleum?

Laredo Petroleum has a market capitalization of $726.66 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.

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:  511 (Vote Outperform)
Underperform Votes:  649 (Vote Underperform)
Total Votes:  1,160
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 9/16/2019 by MarketBeat.com Staff

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