Laredo Petroleum - LPI Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last twelve months. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LPI shares.
View LPI analyst ratings or view top-rated stocks.

4 brokerages have issued 12-month target prices for Laredo Petroleum's shares. Their LPI share price forecasts range from $95.00 to $125.00. On average, they anticipate the company's share price to reach $115.00 in the next twelve months. This suggests a possible upside of 83.0% from the stock's current price.
View analysts price targets for LPI or view top-rated stocks among Wall Street analysts.

Laredo Petroleum's stock was trading at $60.13 at the beginning of 2022. Since then, LPI stock has increased by 4.5% and is now trading at $62.85.
View the best growth stocks for 2022 here.

Laredo Petroleum saw a increase in short interest in August. As of August 31st, there was short interest totaling 1,900,000 shares, an increase of 11.1% from the August 15th total of 1,710,000 shares. Based on an average daily volume of 771,100 shares, the short-interest ratio is currently 2.5 days. Approximately 11.9% of the shares of the stock are sold short.
View Laredo Petroleum's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our LPI earnings forecast.

Laredo Petroleum, Inc. (NYSE:LPI) issued its earnings results on Tuesday, November, 2nd. The oil and gas producer reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.90 by $1.06. The oil and gas producer earned $379.25 million during the quarter, compared to the consensus estimate of $261.71 million. Laredo Petroleum had a trailing twelve-month return on equity of 65.73% and a net margin of 27.23%. During the same period in the previous year, the firm posted $4.02 earnings per share.

Laredo Petroleum's stock 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.

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.

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), Matador Resources (MTDR), Cara Therapeutics (CARA), Zynerba Pharmaceuticals (ZYNE), Ford Motor (F), Pandora Media (P) and Statoil ASA (STO).

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

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.

One share of LPI stock can currently be purchased for approximately $62.85.

Laredo Petroleum (NYSE:LPI) has a market capitalization of $1.09 billion 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 $31.63 on an earnings per share basis.

The company employs 273 workers across the globe.

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.