Laredo Petroleum Stock Forecast, Price & News

Laredo Petroleum's stock was trading at $11.4020 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LPI stock has increased by 133.4% and is now trading at $26.61.
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8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 1 sell rating, 3 hold ratings and 4 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.
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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.
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Laredo Petroleum is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Laredo Petroleum.

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.

Laredo Petroleum, Inc. (NYSE:LPI) issued its quarterly earnings data on Wednesday, November, 4th. The oil and gas producer reported $4.02 earnings per share (EPS) 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.

Laredo Petroleum shares reverse split 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 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.

8 Wall Street analysts have issued 12 month target prices for Laredo Petroleum's shares. 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 twelve months. 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.

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.

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 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.

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.
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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.

One share of LPI stock can currently be purchased for approximately $26.61.

Laredo Petroleum has a market capitalization of $319.32 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]