Laredo Petroleum Stock Price, News & Analysis (NYSE:LPI)

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

Laredo Petroleum announced that its board has authorized a share repurchase program on Thursday, February 15th 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Laredo Petroleum Inc (NYSE:LPI) posted its quarterly earnings data on Wednesday, July, 31st. The oil and gas producer reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. The oil and gas producer had revenue of $216.60 million for the quarter, compared to analysts' expectations of $213.24 million. Laredo Petroleum had a return on equity of 15.59% and a net margin of 40.05%. Laredo Petroleum's revenue for the quarter was down 38.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. View Laredo Petroleum's Earnings History.

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Laredo Petroleum.

9 analysts have issued 1-year price targets for Laredo Petroleum's shares. Their forecasts range from $2.83 to $7.00. On average, they expect Laredo Petroleum's stock price to reach $5.0550 in the next year. This suggests a possible upside of 94.4% from the stock's current price. View Analyst Price Targets 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.

News articles about LPI stock have been trending somewhat negative recently, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Laredo Petroleum earned a news sentiment score of -1.3 on InfoTrie's scale. They also gave 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 near future. View News Stories for 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 trading volume of 5,740,000 shares, the days-to-cover ratio is currently 6.3 days. Currently, 20.3% 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 Tellurian (TELL), PDC Energy (PDCE), Matador Resources (MTDR), Enerplus (ERF), ARC Resources (AETUF), Comstock Resources (CRK), Jagged Peak Energy (JAG), DELEK GRP LTD/ADR (DGRLY), CNX Resources (CNX), Centennial Resource Development (CDEV), Oasis Petroleum (OAS), Talos Energy (TALO), SM Energy (SM), Antero Resources (AR) and Range Resources (RRC).

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).

Laredo Petroleum's stock is owned by many different of retail and institutional investors. Top institutional investors 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.

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.

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.

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 $2.60.

Laredo Petroleum has a market capitalization of $617.42 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.

The official website for Laredo Petroleum is http://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]