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S&P 500   3,825.33
DOW   31,097.26
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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NYSE:LPI

Laredo Petroleum Stock Forecast, Price & News

$68.89
-0.05 (-0.07%)
(As of 07/1/2022 05:43 PM ET)
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Today's Range
$65.35
$70.46
50-Day Range
$55.99
$116.32
52-Week Range
$36.25
$120.86
Volume
778,091 shs
Average Volume
927,406 shs
Market Capitalization
$1.19 billion
P/E Ratio
11.98
Dividend Yield
N/A
Price Target
$109.50

Laredo Petroleum Stock Forecast (MarketRank)

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
58.9% Upside
$109.50 Price Target
Short Interest
Bearish
8.24% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.55mentions of Laredo Petroleum in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$423.82 K Sold Last Quarter
Proj. Earnings Growth
64.96%
From $29.54 to $48.73 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.33 out of 5 stars

Oils/Energy Sector

48th out of 391 stocks

Crude Petroleum & Natural Gas Industry

23rd out of 127 stocks

30 days | 90 days | 365 days | Advanced Chart

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Laredo Petroleum logo

About Laredo Petroleum (NYSE:LPI) Stock

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 sells oil, natural gas liquids, and natural gas. As of December 31, 2021, it had assembled 166,064 net acres in the Permian Basin; and had total proved undeveloped reserves of 86,592 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 incorporated in 2006 and is headquartered in Tulsa, Oklahoma.

LPI Stock News Headlines

Laredo Petroleum (NYSE:LPI) Shares Gap Up to $76.12
Laredo Petroleum (NYSE:LPI) Trading Up 6%
Laredo Petroleum Emerges From a Slow Drip
LPI Laredo Petroleum, Inc.
Laredo Petroleum: Exactly What Is Going On Here
Laredo Petroleum Whale Trades Spotted
Laredo Petroleum: Mr. Market Awaits Proof
Analyst Ratings for Laredo Petroleum
Laredo Petroleum Misses Q1 EPS by 94c
Laredo Petroleum Q1 2022 Earnings Preview
See More Headlines

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
51680610
Employees
273
Year Founded
N/A

Company Calendar

Last Earnings
5/04/2022
Today
7/03/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$109.50
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
+58.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33333333333333
Research Coverage
3 Analysts

Profitability

Net Income
$145.01 million
Pretax Margin
8.18%

Debt

Sales & Book Value

Annual Sales
$1.39 billion
Cash Flow
$21.26 per share
Book Value
$30.10 per share

Miscellaneous

Free Float
16,922,000
Market Cap
$1.19 billion
Optionable
Optionable
Beta
3.55














Laredo Petroleum Frequently Asked Questions

Should I buy or sell Laredo Petroleum stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last twelve months. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street equities research 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 top-rated stocks.

What is Laredo Petroleum's stock price forecast for 2022?

3 brokers have issued 12-month target prices for Laredo Petroleum's shares. Their LPI stock forecasts range from $85.00 to $120.00. On average, they expect Laredo Petroleum's share price to reach $109.50 in the next year. This suggests a possible upside of 58.9% from the stock's current price.
View analysts' price targets for Laredo Petroleum
or view top-rated stocks among Wall Street analysts.

How has Laredo Petroleum's stock price performed in 2022?

Laredo Petroleum's stock was trading at $60.13 at the beginning of the year. Since then, LPI stock has increased by 14.6% and is now trading at $68.89.
View the best growth stocks for 2022 here
.

When is Laredo Petroleum's next earnings date?

Laredo Petroleum is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Laredo Petroleum
.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum, Inc. (NYSE:LPI) released its quarterly earnings data on Wednesday, May, 4th. The oil and gas producer reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.51 by $1.34. The oil and gas producer had revenue of $532.40 million for the quarter, compared to analysts' expectations of $497.95 million. Laredo Petroleum had a net margin of 7.97% and a trailing twelve-month return on equity of 78.66%. Laredo Petroleum's revenue for the quarter was up 112.8% compared to the same quarter last year. During the same period last year, the firm earned $1.71 earnings per share.
View Laredo Petroleum's earnings history
.

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

Laredo Petroleum shares 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.

Who are Laredo Petroleum's key executives?

Laredo Petroleum's management team includes the following people:
  • Mr. Mikell Jason Pigott, Pres, CEO & Director (Age 48, Pay $1.93M)
  • Mr. Bryan J. Lemmerman, Sr. VP & CFO (Age 47, Pay $1.1M)
  • Dr. Tommye Karen Chandler, Sr. VP & COO (Age 52, Pay $1.12M)
  • Mr. Mark David Denny, Sr. VP, Gen. Counsel & Sec. (Age 41, Pay $801.93k)
  • Jessica R. Wren, Interim Principal Accounting Officer
  • Mr. Brandon Brown, VP & CTO
  • Mr. Ronald Hagood, VP of Investor Relations
  • Mr. Benjamin C. Klein, VP of Midstream & Marketing
  • Ms. Amelia Kim Harding, VP of HR (Age 52)
  • Mr. David S. Ferris, VP & Chief Sustainability Officer

What is Randy A. Foutch's approval rating as Laredo Petroleum's CEO?

9 employees have rated Laredo Petroleum CEO Randy A. Foutch on Glassdoor.com. Randy A. Foutch has an approval rating of 78% among Laredo Petroleum's employees.

What other stocks do shareholders of Laredo Petroleum own?

What is Laredo Petroleum's stock symbol?

Laredo Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "LPI."

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.
Compare Top Brokerages Here.

What is Laredo Petroleum's stock price today?

One share of LPI stock can currently be purchased for approximately $68.89.

How much money does Laredo Petroleum make?

Laredo Petroleum (NYSE:LPI) has a market capitalization of $1.19 billion 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 $5.75 on an earnings per share basis.

How many employees does Laredo Petroleum have?

Laredo Petroleum employs 273 workers across the globe.

How can I contact Laredo Petroleum?

Laredo Petroleum's mailing address is 15 WEST SIXTH STREET SUITE 900, TULSA OK, 74119. The official website for Laredo Petroleum 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.

This page (NYSE:LPI) was last updated on 7/3/2022 by MarketBeat.com Staff

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