Laredo Petroleum - LPI Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last twelve months. There are currently 3 sell ratings, 1 hold rating and 1 buy rating 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.
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5 equities research analysts have issued 12-month price targets for Laredo Petroleum's shares. Their LPI share price forecasts range from $55.00 to $125.00. On average, they anticipate the company's stock price to reach $76.80 in the next year.
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Laredo Petroleum, Inc. (NYSE:LPI) announced 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 the consensus estimate of $261.71 million. Laredo Petroleum had a trailing twelve-month return on equity of 55.37% and a net margin of 35.99%. During the same quarter in the prior year, the company earned $4.02 earnings per share.

Laredo Petroleum's stock reverse split before market open on 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 closing bell 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."

Laredo Petroleum's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Susquehanna International Group LLP (0.00%), Jane Street Group LLC (0.00%), Parallax Volatility Advisers L.P. (0.00%), Simplex Trading LLC (0.00%), Nordea Investment Management AB (0.27%) and Group One Trading L.P. (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.
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Laredo Petroleum (NYSE:LPI) has a market capitalization of $0.00 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.

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.