Laredo Petroleum Stock Forecast, Price & News

Laredo Petroleum's stock was trading at $11.4020 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, LPI stock has decreased by 28.9% and is now trading at $8.11.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 2 sell ratings, 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Laredo Petroleum.

Laredo Petroleum is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Laredo Petroleum.

Laredo Petroleum will be holding an earnings conference call on Wednesday, November 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Laredo Petroleum, Inc. (NYSE:LPI) issued its quarterly earnings results on Wednesday, August, 5th. The oil and gas producer reported $2.43 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.52 by $0.91. The oil and gas producer had revenue of $110.59 million for the quarter, compared to analysts' expectations of $184.59 million. Laredo Petroleum had a positive return on equity of 17.17% and a negative net margin of 112.30%.
View Laredo Petroleum's earnings history.

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

10 analysts have issued 1 year target prices for Laredo Petroleum's shares. Their forecasts range from $12.00 to $112.00. On average, they anticipate Laredo Petroleum's share price to reach $39.60 in the next year. This suggests a possible upside of 388.3% from the stock's current price.
View analysts' price targets for Laredo Petroleum.

Laredo Petroleum saw a increase in short interest in October. As of October 15th, there was short interest totaling 1,560,000 shares, an increase of 34.5% from the September 30th total of 1,160,000 shares. Based on an average daily trading volume, of 435,400 shares, the days-to-cover ratio is presently 3.6 days. Currently, 17.4% of the company's stock are short sold.
View Laredo Petroleum's Short Interest.

Some companies that are related to Laredo Petroleum include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Continental Resources (CLR), Noble Energy (NBL), Diamondback Energy (FANG), EQT (EQT), Devon Energy (DVN), Marathon Oil (MRO), Apache (APA), Cimarex Energy (XEC), WPX Energy (WPX) and Range Resources (RRC).
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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).

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 institutional and retail investors. Top institutional shareholders include LSV Asset Management (0.18%).
View institutional ownership trends for Laredo Petroleum.

LPI stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management.
View insider buying and selling activity 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 $8.11.

Laredo Petroleum has a market capitalization of $97.29 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.

The official website for Laredo Petroleum is 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]