NYSE:LPI - Laredo Petroleum Stock Price, News & Analysis

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

Laredo Petroleum announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 15th 2018, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Laredo Petroleum Inc (NYSE:LPI) released its quarterly earnings results on Wednesday, July, 31st. The oil and gas producer reported $0.24 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.05. The oil and gas producer earned $216.60 million during the quarter, compared to analysts' expectations of $213.24 million. Laredo Petroleum had a net margin of 40.05% and a return on equity of 15.59%. The business's revenue for the quarter was down 38.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. View Laredo Petroleum's Earnings History.

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Laredo Petroleum.

9 equities research analysts have issued twelve-month price objectives for Laredo Petroleum's shares. Their forecasts range from $2.83 to $7.00. On average, they expect Laredo Petroleum's stock price to reach $5.0550 in the next year. This suggests a possible upside of 73.1% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Laredo Petroleum.

News headlines about LPI stock have been trending somewhat positive this week, according to InfoTrie. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Laredo Petroleum earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave media coverage about the oil and gas producer a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Laredo Petroleum.

Laredo Petroleum saw a increase in short interest in July. As of July 15th, there was short interest totalling 28,825,700 shares, an increase of 5.9% from the June 15th total of 27,212,300 shares. Based on an average trading volume of 5,020,000 shares, the days-to-cover ratio is presently 5.7 days. Currently, 16.3% of the company's shares are sold short. View Laredo Petroleum's Current Options Chain.

Some companies that are related to Laredo Petroleum include Magnolia Oil & Gas (MGY), Kosmos Energy (KOS), Vermilion Energy (VET), Chesapeake Energy (CHK), Matador Resources (MTDR), PDC Energy (PDCE), Crescent Point Energy (CPG), DELEK GRP LTD/ADR (DGRLY), ARC Resources (AETUF), Tellurian (TELL), Enerplus (ERF), Jagged Peak Energy (JAG), CNX Resources (CNX), Centennial Resource Development (CDEV) and Antero Resources (AR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Laredo Petroleum investors own include Teekay Tankers (TNK), ConocoPhillips (COP), Willamette Valley Vineyards (WVVI), Advanced Micro Devices (AMD), Zynerba Pharmaceuticals (ZYNE), Cara Therapeutics (CARA), Pandora Media (P), Statoil (STO), Matador Resources (MTDR) and Ford Motor (F).

Laredo Petroleum's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.02%), Vanguard Group Inc. (7.10%), Luminus Management LLC (4.50%), Bank of New York Mellon Corp (2.04%), Renaissance Technologies LLC (1.75%) and Parametric Portfolio Associates LLC (1.52%). Company insiders that own Laredo Petroleum stock include Peter Kagan, 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 JPMorgan Chase & Co., WS Management Lllp, Vanguard Group Inc., Man Group plc, Invesco Ltd., AQR Capital Management LLC, Renaissance Technologies LLC and Paloma Partners Management Co. Company insiders that have sold Laredo Petroleum company stock in the last year include Peter Kagan, Pincus Private Equity Warburg and Warburg Pincus Llc. View Insider Buying and Selling for Laredo Petroleum.

LPI stock was acquired by a variety of institutional investors in the last quarter, including Luminus Management LLC, Parametric Portfolio Associates LLC, Caymus Capital Partners L.P., Balyasny Asset Management LLC, Nuveen Asset Management LLC, Morgan Stanley, A.R.T. Advisors LLC and Connor Clark & Lunn Investment Management Ltd.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of LPI stock can currently be purchased for approximately $2.92.

Laredo Petroleum has a market capitalization of $693.41 million and generates $1.11 billion in revenue each year. The oil and gas producer earns $324.59 million in net income (profit) each year or $0.93 on an earnings per share basis. Laredo Petroleum employs 340 workers across the globe.View Additional Information About Laredo Petroleum.

The official website for Laredo Petroleum is http://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]