Laredo Petroleum Company Profile (NYSE:LPI)

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

Laredo Petroleum, Inc. (NYSE:LPI) issued its quarterly earnings data on Monday, August, 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.11 by $0.01. The firm earned $187 million during the quarter, compared to the consensus estimate of $173.32 million. Laredo Petroleum had a return on equity of 49.15% and a net margin of 16.73%. The company's revenue for the quarter was up 27.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. View Laredo Petroleum's Earnings History.

19 equities research analysts have issued 1-year price objectives for Laredo Petroleum's shares. Their forecasts range from $9.00 to $18.75. On average, they anticipate Laredo Petroleum's stock price to reach $14.85 in the next twelve months. View Analyst Ratings for Laredo Petroleum.

Here are some recent quotes from research analysts about Laredo Petroleum stock:

• 1. According to Zacks Investment Research, "Laredo Petroleum Holdings, Inc. is engaged in the exploration, development and acquisition of oil and natural gas properties in the Permian and Mid-Continent regions of the United States. Laredo Petroleum Holdings, Inc. is headquartered in Tulsa, Oklahoma. " (8/10/2017)
• 2. Williams Capital analysts commented, "We expect management to provide additional details on current operations on the earnings call this morning (August 8 th ) at 8:30 AM ET. Overall, we view the results and update as a slight positive." (8/8/2017)
• 3. FBR & Co analysts commented, "We are updating our model for marked-to-market commodity prices and the latest financial and operations data, including 1Q17 results." (5/12/2017)
• 4. KLR Group analysts commented, "We are increasing our LPI target price $1 to $18 per share due to approximately 1% higher oil composition and slightly higher liquids price realizations. Our '17 production growth expectation approximates guide (~15%). Laredo's mid-cycle capital yield of approximately 165% is solidly above the industry median cash recycle ratio of ~140%." (2/16/2017)

Laredo Petroleum saw a decrease in short interest in the month of July. As of July 31st, there was short interest totalling 22,209,682 shares, a decrease of 12.9% from the July 14th total of 25,501,492 shares. Based on an average trading volume of 4,509,764 shares, the short-interest ratio is currently 4.9 days. Currently, 13.8% of the company's shares are sold short.

Some companies that are related to Laredo Petroleum include Rice Energy (RICE), RSP Permian (RSPP), Newfield Exploration Company (NFX), Energen Corporation (EGN), Range Resources Corporation (RRC), Murphy Oil Corporation (MUR), WPX Energy (WPX), Vermilion Energy (VET), Chesapeake Energy Corporation (CHK), Texas Pacific Land Trust (TPL), Transportadora De Gas Sa Ord B (TGS), Southwestern Energy Company (SWN), Kosmos Energy (KOS), PDC Energy (PDCE), Matador Resources Company (MTDR), Enerplus Corporation (ERF), Gulfport Energy Corporation (GPOR) and Callon Petroleum Company (CPE).

Laredo Petroleum's management team includes the folowing people:

• Randy A. Foutch, Chairman of the Board, Chief Executive Officer
• Richard C. Buterbaugh, Chief Financial Officer, Executive Vice President
• Kenneth E. Dornblaser, Senior Vice President, General Counsel
• Patrick J. Curth, Senior Vice President - Exploration and Land
• Daniel C. Schooley, Senior Vice President - Operations
• Michael T. Beyer, Chief Accounting Officer, Vice President, Controller
• Edmund P. Segner III, Lead Independent Director
• Peter Randall Kagan, Independent Director
• James R. Levy, Independent Director
• B.Z. Parker, Independent Director

Laredo Petroleum's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Warburg Pincus LLC (32.03%), Vanguard Group Inc. (6.63%), Capital Research Global Investors (2.84%), State Street Corp (2.40%), Van ECK Associates Corp (1.64%) and Goldman Sachs Group Inc. (1.27%). Company insiders that own Laredo Petroleum stock include Patrick J Curth, Peter Kagan, Randy A Foutch and Richard C Buterbaugh. View Institutional Ownership Trends for Laredo Petroleum.

Laredo Petroleum's stock was sold by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Capital Research Global Investors, Vaughan Nelson Investment Management L.P., UBS Asset Management Americas Inc., Impala Asset Management LLC, PDT Partners LLC, Jennison Associates LLC and Hamilton Lane Advisors LLC. Company insiders that have sold Laredo Petroleum stock in the last year include Patrick J Curth and Peter Kagan. View Insider Buying and Selling for Laredo Petroleum.

Laredo Petroleum's stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Vanguard Group Inc., Marshall Wace North America L.P., State Street Corp, Prudential Financial Inc., Caxton Associates LP, Dimensional Fund Advisors LP and Tortoise Capital Advisors L.L.C.. Company insiders that have bought Laredo Petroleum stock in the last two years include Randy A Foutch and Richard C Buterbaugh. View Insider Buying and Selling for Laredo Petroleum.

Shares of Laredo Petroleum can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Laredo Petroleum stock can currently be purchased for approximately $11.80.