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NYSE:LPI

Laredo Petroleum Stock Forecast, Price & News

$26.61
-1.13 (-4.07 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$25.41
Now: $26.61▼
$27.59
50-Day Range
$11.81
MA: $19.82▼
$27.74
52-Week Range
$6.60
Now: $26.61▼
$50.70
Volume416,745 shs
Average Volume526,471 shs
Market Capitalization$319.43 million
P/E RatioN/A
Dividend YieldN/A
Beta4.72
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 engages in midstream and marketing infrastructure activities, including transportation and marketing of oil and natural gas, and handling of fresh, recycled, and produced water, as well as operates natural gas lift facilities. As of December 31, 2019, it had assembled 133,512 net acres in the Permian Basin; and had total proved reserves of 293,377 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 founded in 2006 and is headquartered in Tulsa, Oklahoma.
Laredo Petroleum logo

MarketRank™

Overall MarketRank™

0.95 out of 5 stars

Oils/Energy Sector

267th out of 517 stocks

Crude Petroleum & Natural Gas Industry

95th out of 186 stocks

Analyst Opinion: 1.2Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Current SymbolNYSE:LPI
Previous Symbol
CUSIP51680610
CIK1528129
Webwww.laredopetro.com
Phone918-513-4570
Employees280

Debt

Debt-to-Equity Ratio8.61
Current Ratio1.39
Quick Ratio1.39

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E Ratio2.43
P/E GrowthN/A

Sales & Book Value

Annual Sales$837.28 million
Price / Sales0.38
Cash Flow$42.92 per share
Price / Cash Flow0.62
Book Value$71.00 per share
Price / Book0.37

Profitability

EPS (Most Recent Fiscal Year)$14.80
Net Income$-342,460,000.00
Net Margins-111.63%
Return on Equity23.92%
Return on Assets6.68%

Miscellaneous

Outstanding Shares12,004,000
Market Cap$319.43 million
Next Earnings Date2/17/2021 (Confirmed)
OptionableOptionable
$26.61
-1.13 (-4.07 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Laredo Petroleum (NYSE:LPI) Frequently Asked Questions

How has Laredo Petroleum's stock price been impacted by COVID-19?

Laredo Petroleum's stock was trading at $11.4020 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LPI shares have increased by 133.4% and is now trading at $26.61.
View which stocks have been most impacted by COVID-19.

Is Laredo Petroleum a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Laredo Petroleum stock. 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 analyst ratings for Laredo Petroleum or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Laredo Petroleum?

Wall Street analysts have given Laredo Petroleum a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Laredo Petroleum wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Laredo Petroleum's next earnings date?

Laredo Petroleum is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Laredo Petroleum.

How can I listen to Laredo Petroleum's earnings call?

Laredo Petroleum will be holding an earnings conference call on Wednesday, February 17th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum, Inc. (NYSE:LPI) posted its earnings results on Wednesday, November, 4th. The oil and gas producer reported $4.02 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.70. The oil and gas producer had revenue of $173.55 million for the quarter, compared to analysts' expectations of $176.59 million. Laredo Petroleum had a positive return on equity of 23.92% and a negative net margin of 111.63%.
View Laredo Petroleum's earnings history.

When did Laredo Petroleum's stock split? How did Laredo Petroleum's stock split work?

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

What price target have analysts set for LPI?

8 analysts have issued 1 year target prices for Laredo Petroleum's stock. Their forecasts range from $12.00 to $36.00. On average, they anticipate Laredo Petroleum's stock price to reach $21.00 in the next year. This suggests that the stock has a possible downside of 21.1%.
View analysts' price targets for Laredo Petroleum or view Wall Street analyst' top-rated stocks.

Who are some of Laredo Petroleum's key competitors?

Some companies that are related to Laredo Petroleum include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Diamondback Energy (FANG), Cabot Oil & Gas (COG), Devon Energy (DVN), Continental Resources (CLR), Marathon Oil (MRO), WPX Energy (WPX), Cimarex Energy (XEC), EQT (EQT), Range Resources (RRC), PDC Energy (PDCE) and Southwestern Energy (SWN).
View all of LPI's 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), Advanced Micro Devices (AMD), Willamette Valley Vineyards (WVVI), Matador Resources (MTDR), Cara Therapeutics (CARA), Zynerba Pharmaceuticals (ZYNE), Ford Motor (F), Pandora Media (P) and 426673 (STO).

Who are Laredo Petroleum's key executives?

Laredo Petroleum's management team includes the following people:
  • Mr. Mikell J. Pigott, Pres, CEO & Director (Age 47, Pay $2.67M)
  • Mr. Randy A. Foutch, Founder (Age 69, Pay $8.01M)
  • Dr. Tommye Karen Chandler, Sr. VP & COO (Age 50, Pay $922.52k)
  • Mr. Mark David Denny, Sr. VP, Gen. Counsel & Sec.
  • Mr. Bryan J. Lemmerman, Sr. VP & CFO (Age 46)
  • Mr. Brandon Brown, VP & Chief Information Officer
  • Mr. Ronald L. Hagood, VP of Investor Relations
  • Mr. Benjamin C. Klein, VP of Midstream & Marketing
  • Ms. Amelia Kim Harding, VP of HR (Age 51)

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 many different retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.06%). Company insiders that own Laredo Petroleum stock include James R Levy, 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 State of Alaska Department of Revenue. Company insiders that have sold Laredo Petroleum company stock in the last year include James R Levy, Pincus Private Equity Warburg, and Warburg Pincus Llc.
View insider buying and selling activity for Laredo Petroleum or view top insider-selling stocks.

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 WeBull, 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 $26.61.

How big of a company is Laredo Petroleum?

Laredo Petroleum has a market capitalization of $319.43 million and generates $837.28 million in revenue each year. The oil and gas producer earns $-342,460,000.00 in net income (profit) each year or $14.80 on an earnings per share basis. Laredo Petroleum employs 280 workers across the globe.

What is Laredo Petroleum's official website?

The official website for Laredo Petroleum is 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]

This page was last updated on 1/15/2021 by MarketBeat.com Staff
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