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NYSE:LPI

Laredo Petroleum Stock Forecast, Price & News

$8.11
+0.10 (+1.25 %)
(As of 10/29/2020 12:00 AM ET)
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Compare
Today's Range
$7.80
Now: $8.11
$8.34
50-Day Range
$8.01
MA: $9.83
$12.61
52-Week Range
$6.60
Now: $8.11
$61.00
Volume513,028 shs
Average Volume433,396 shs
Market Capitalization$97.29 million
P/E RatioN/A
Dividend YieldN/A
Beta4.54
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.
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Laredo Petroleum logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.39 out of 5 stars

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
CUSIP51680610
Phone918-513-4570
Employees280

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$837.28 million
Cash Flow$35.26 per share
Book Value$71.00 per share

Profitability

Net Income$-342,460,000.00
Net Margins-112.30%

Miscellaneous

Market Cap$97.29 million
Next Earnings Date11/4/2020 (Confirmed)
OptionableOptionable
$8.11
+0.10 (+1.25 %)
(As of 10/29/2020 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 Coronavirus (COVID-19)?

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.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Laredo Petroleum?

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
.

When is Laredo Petroleum's next earnings date?

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

How were Laredo Petroleum's earnings last quarter?

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
.

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

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.

What price target have analysts set for LPI?

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
.

Are investors shorting 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
.

Who are some of Laredo Petroleum's key 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 46, Pay $2.67M)
  • Mr. Randy A. Foutch, Founder (Age 68, Pay $8.01M)
  • Dr. Tommye Karen Chandler, Sr. VP & COO (Age 49, Pay $922.52k)
  • Mr. Mark David Denny, Sr. VP, Gen. Counsel & Sec.
  • Mr. Bryan J. Lemmerman, Sr. VP & CFO (Age 45)

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 a variety of institutional and retail investors. Top institutional shareholders include LSV Asset Management (0.18%).
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 LSV Asset Management.
View insider buying and selling activity for Laredo Petroleum
.

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 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 $8.11.

How big of a company is Laredo Petroleum?

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.

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 10/29/2020 by MarketBeat.com Staff

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