NYSE:LPILaredo Petroleum Stock Price, Forecast & News

Laredo Petroleum's stock was trading at $0.5701 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LPI stock has increased by 57.9% and is now trading at $0.90. View which stocks have been most impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 1 sell rating, 5 hold ratings and 4 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, July 29th 2020. View our earnings forecast for Laredo Petroleum.

Laredo Petroleum Inc (NYSE:LPI) released its quarterly earnings data on Wednesday, May, 6th. The oil and gas producer reported $0.09 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.10 by $0.01. The oil and gas producer had revenue of $204.99 million for the quarter, compared to analysts' expectations of $184.46 million. Laredo Petroleum had a positive return on equity of 15.20% and a negative net margin of 11.74%. View Laredo Petroleum's earnings history.

Shares of Laredo Petroleum 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 will be 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.

10 Wall Street analysts have issued 1 year price targets for Laredo Petroleum's shares. Their forecasts range from $1.50 to $5.60. On average, they anticipate Laredo Petroleum's stock price to reach $3.12 in the next twelve months. This suggests a possible upside of 246.3% from the stock's current price. View analysts' price targets for Laredo Petroleum.

News stories about LPI stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Laredo Petroleum earned a news sentiment score of -2.0 on InfoTrie's scale. They also gave media coverage about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutLaredo Petroleum.

Laredo Petroleum saw a increase in short interest in May. As of May 15th, there was short interest totaling 20,960,000 shares, an increase of 10.1% from the April 30th total of 19,030,000 shares. Based on an average trading volume of 7,180,000 shares, the short-interest ratio is currently 2.9 days. Currently, 11.6% of the company's shares are short sold. View Laredo Petroleum's Current Options Chain.

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), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Apache (APA), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC) and Southwestern Energy (SWN). View all 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), Zynerba Pharmaceuticals (ZYNE), Cara Therapeutics (CARA), Matador Resources (MTDR), Ford Motor (F), Pandora Media (P) and Statoil (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 BlackRock Inc. (12.18%), State Street Corp (5.79%), Morgan Stanley (4.39%), Grantham Mayo Van Otterloo & Co. LLC (1.80%), Luminus Management LLC (1.58%) and Invesco Ltd. (1.21%). 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 Bank of New York Mellon Corp, Parametric Portfolio Associates LLC, BlackRock Inc., JPMorgan Chase & Co., BNP Paribas Arbitrage SA, CoreCommodity Management LLC, Morgan Stanley, and Denali Advisors LLC. View insider buying and selling activity for Laredo Petroleum.

LPI stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, American International Group Inc., Invesco Ltd., Two Sigma Investments LP, Grantham Mayo Van Otterloo & Co. LLC, UBS Group AG, First Trust Advisors LP, and Geode Capital Management LLC. 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 $0.90.

Laredo Petroleum has a market capitalization of $215.46 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 $0.74 on an earnings per share basis. Laredo Petroleum employs 340 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]