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NYSE:LPI

Laredo Petroleum - LPI Stock Forecast, Price & News

$53.58
-1.57 (-2.85%)
(As of 12/7/2022 10:46 AM ET)
Add
Compare
Today's Range
$53.36
$55.31
50-Day Range
$55.15
$77.47
52-Week Range
$52.50
$120.86
Volume
5,435 shs
Average Volume
510,924 shs
Market Capitalization
$900.68 million
P/E Ratio
1.24
Dividend Yield
N/A
Price Target
$92.20

Laredo Petroleum MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
67.2% Upside
$92.20 Price Target
Short Interest
Bearish
13.10% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.19mentions of Laredo Petroleum in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$1 M Sold Last Quarter
Proj. Earnings Growth
45.10%
From $22.15 to $32.14 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Oils/Energy Sector

96th out of 246 stocks

Crude Petroleum & Natural Gas Industry

40th out of 79 stocks

LPI stock logo

About Laredo Petroleum (NYSE:LPI) Stock

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 sells oil, natural gas liquids, and natural gas. As of December 31, 2021, it had assembled 166,064 net acres in the Permian Basin; and had total proved undeveloped reserves of 86,592 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 incorporated in 2006 and is headquartered in Tulsa, Oklahoma.

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LPI Stock News Headlines

Laredo Petroleum (NYSE:LPI) Shares Down 7.2% on Insider Selling
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo?
Communist China has the USA in a resource stranglehold. They have a monopoly on this CRITICAL metal that we desperately need for military technology. In fact, both Trump AND Biden passed executive orders that addressed this crisis. And it could have a massive effect on smart investor's bank accounts.
What 6 Analyst Ratings Have To Say About Laredo Petroleum
The WORST National Security Threat To The USA Since The 1973 Arab Oil Embargo?
Communist China has the USA in a resource stranglehold. They have a monopoly on this CRITICAL metal that we desperately need for military technology. In fact, both Trump AND Biden passed executive orders that addressed this crisis. And it could have a massive effect on smart investor's bank accounts.
Laredo Petroleum: Cash Flow Is Now King
5 Analysts Have This to Say About Laredo Petroleum
Expert Ratings for Laredo Petroleum
Laredo Petroleum slips as planned capex tops estimates
Laredo Petroleum: Let Us Talk Hedging
Grab 10% Yield With Laredo Petroleum Bonds
Check Out What Whales Are Doing With LPI
See More Headlines
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LPI Company Calendar

Last Earnings
11/02/2021
Today
12/07/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/28/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
51680610
Employees
273
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$92.20
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$69.00
Forecasted Upside/Downside
+72.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$145.01 million
Pretax Margin
36.27%

Debt

Sales & Book Value

Annual Sales
$1.39 billion
Cash Flow
$20.30 per share
Book Value
$30.10 per share

Miscellaneous

Free Float
16,444,000
Market Cap
$900.68 million
Optionable
Optionable
Beta
3.31

Key Executives

  • Mr. Mikell Jason Pigott (Age 48)
    Pres, CEO & Director
    Comp: $1.93M
  • Mr. Bryan J. Lemmerman (Age 47)
    Sr. VP & CFO
    Comp: $1.1M
  • Mr. Mark David Denny (Age 41)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $801.93k
  • Ms. Katie Hill
    VP of Operations
  • Jessica R. Wren
    Interim Principal Accounting Officer
  • Mr. Brandon Brown
    VP & CTO
  • Mr. Ronald Hagood
    VP of Investor Relations
  • Mr. Benjamin C. Klein
    VP of Midstream & Marketing
  • Ms. Amelia Kim Harding (Age 52)
    VP of HR
  • Mr. David S. Ferris
    VP & Chief Sustainability Officer













LPI Stock - Frequently Asked Questions

Should I buy or sell Laredo Petroleum stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 2 sell ratings, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LPI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LPI, but not buy additional shares or sell existing shares.
View LPI analyst ratings
or view top-rated stocks.

What is Laredo Petroleum's stock price forecast for 2023?

5 Wall Street analysts have issued 1-year price objectives for Laredo Petroleum's stock. Their LPI share price forecasts range from $69.00 to $125.00. On average, they expect the company's share price to reach $92.20 in the next year. This suggests a possible upside of 67.2% from the stock's current price.
View analysts price targets for LPI
or view top-rated stocks among Wall Street analysts.

How have LPI shares performed in 2022?

Laredo Petroleum's stock was trading at $60.13 at the beginning of the year. Since then, LPI shares have decreased by 8.3% and is now trading at $55.15.
View the best growth stocks for 2022 here
.

Are investors shorting Laredo Petroleum?

Laredo Petroleum saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 2,060,000 shares, an increase of 12.6% from the October 31st total of 1,830,000 shares. Based on an average trading volume of 690,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 13.1% of the company's shares are short sold.
View Laredo Petroleum's Short Interest
.

When is Laredo Petroleum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our LPI earnings forecast
.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum, Inc. (NYSE:LPI) released its earnings results on Tuesday, November, 2nd. The oil and gas producer reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.90 by $1.06. The oil and gas producer had revenue of $379.25 million for the quarter, compared to analysts' expectations of $261.71 million. Laredo Petroleum had a net margin of 35.99% and a trailing twelve-month return on equity of 55.37%. During the same period in the previous year, the company earned $4.02 earnings per share.

When did Laredo Petroleum's stock split?

Laredo Petroleum shares reverse split on the morning of 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 stock prior to the reverse split would have 5 shares after the split.

What is Randy A. Foutch's approval rating as Laredo Petroleum's CEO?

9 employees have rated Laredo Petroleum Chief Executive Officer Randy A. Foutch on Glassdoor.com. Randy A. Foutch has an approval rating of 78% among the company's employees.

What other stocks do shareholders of Laredo Petroleum own?
What is Laredo Petroleum's stock symbol?

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

Who are Laredo Petroleum's major shareholders?

Laredo Petroleum's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.22%), State Street Corp (10.26%), Vanguard Group Inc. (6.98%), Dimensional Fund Advisors LP (3.10%), Encompass Capital Advisors LLC (2.83%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Bryan Lemmerman, Encap Energy Capital Fund Ix,, James R Levy, Jessica R Wren, M Jason Pigott, Mark David Denny, Pincus Private Equity Warburg, Tommye Karen Chandler and Warburg Pincus Llc.
View institutional ownership trends
.

How do I buy shares of Laredo Petroleum?

Shares of LPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Laredo Petroleum's stock price today?

One share of LPI stock can currently be purchased for approximately $55.15.

How much money does Laredo Petroleum make?

Laredo Petroleum (NYSE:LPI) has a market capitalization of $927.07 million and generates $1.39 billion in revenue each year. The oil and gas producer earns $145.01 million in net income (profit) each year or $43.15 on an earnings per share basis.

How many employees does Laredo Petroleum have?

The company employs 273 workers across the globe.

How can I contact Laredo Petroleum?

Laredo Petroleum's mailing address is 15 WEST SIXTH STREET SUITE 900, TULSA OK, 74119. The official website for the company is www.laredopetro.com. The oil and gas producer can be reached via phone at (918) 513-4570, via email at rhagood@laredopetro.com, or via fax at 918-513-4571.

This page (NYSE:LPI) was last updated on 12/7/2022 by MarketBeat.com Staff