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 declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 15th 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Laredo Petroleum Inc (NYSE:LPI) announced its quarterly earnings data on Wednesday, July, 31st. The oil and gas producer reported $0.24 EPS for the quarter, topping the Zacks' consensus estimate of $0.19 by $0.05. The oil and gas producer earned $216.60 million during 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 firm's quarterly revenue was down 38.3% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. View Laredo Petroleum's Earnings History.

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Tuesday, November 5th 2019. View Earnings Estimates for Laredo Petroleum.

Laredo Petroleum will be holding an earnings conference call on Tuesday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

9 Wall Street analysts have issued 12 month price targets for Laredo Petroleum's stock. Their predictions range from $2.83 to $7.00. On average, they expect Laredo Petroleum's share price to reach $5.06 in the next twelve months. This suggests a possible upside of 117.9% 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.

Press coverage about LPI stock has been trending very negative on Thursday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Laredo Petroleum earned a news impact score of -3.2 on InfoTrie's scale. They also assigned media coverage about the oil and gas producer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Laredo Petroleum.

Laredo Petroleum saw a decline in short interest in the month of September. As of September 30th, there was short interest totalling 27,490,000 shares, a decline of 9.6% from the August 30th total of 30,400,000 shares. Based on an average daily trading volume, of 6,360,000 shares, the days-to-cover ratio is presently 4.3 days. Approximately 15.3% of the company's shares are sold short. View Laredo Petroleum's Current Options Chain.

Some companies that are related to Laredo Petroleum include Matador Resources (MTDR), PDC Energy (PDCE), ARC Resources (AETUF), Enerplus (ERF), DELEK GRP LTD/ADR (DGRLY), Jagged Peak Energy (JAG), CNX Resources (CNX), Comstock Resources (CRK), GeoPark (GPRK), Southwestern Energy (SWN), Eclipse Resources (ECR), Oasis Petroleum (OAS), Talos Energy (TALO), Brigham Minerals (MNRL) and Centennial Resource Development (CDEV).

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 a number of of institutional and retail investors. Top institutional investors include Denali Advisors LLC (0.34%), State of Alaska Department of Revenue (0.06%), Cerebellum GP LLC (0.00%) and Cerebellum GP LLC (0.00%). 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 acquired by a variety of institutional investors in the last quarter, including Denali Advisors LLC, State of Alaska Department of Revenue, Cerebellum GP LLC and Cerebellum GP LLC. 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 $2.32.

Laredo Petroleum has a market capitalization of $550.93 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]