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NYSE:LPI

Laredo Petroleum - LPI Stock Forecast, Price & News

$66.51
-2.20 (-3.20%)
(As of 08/15/2022 02:46 PM ET)
Add
Compare
Today's Range
$62.35
▼
$67.27
50-Day Range
$63.64
▼
$116.32
52-Week Range
$36.25
▼
$120.86
Volume
24,362 shs
Average Volume
851,794 shs
Market Capitalization
$1.15 billion
P/E Ratio
2.10
Dividend Yield
N/A
Price Target
$112.50

Laredo Petroleum MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
71.5% Upside
$112.50 Price Target
Short Interest
Bearish
8.55% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.19mentions of Laredo Petroleum in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$901,990 Sold Last Quarter
Proj. Earnings Growth
62.40%
From $29.39 to $47.73 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Oils/Energy Sector

74th out of 261 stocks

Crude Petroleum & Natural Gas Industry

34th out of 81 stocks

See Top Rated MarketRank™ Stocks Here
LPI stock 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.

Laredo Petroleum Stock Performance

NYSE:LPI traded down $0.17 during trading hours on Friday, reaching $68.71. The stock had a trading volume of 508,946 shares, compared to its average volume of 753,883. The stock has a market cap of $1.19 billion, a P/E ratio of 2.17 and a beta of 3.53. Laredo Petroleum has a 12-month low of $36.25 and a 12-month high of $120.86. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a 50 day simple moving average of $79.59 and a 200 day simple moving average of $76.33.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LPI. Wells Fargo & Company lifted their target price on Laredo Petroleum from $113.00 to $125.00 and gave the company an "underweight" rating in a research report on Monday, July 11th. Raymond James dropped their price target on shares of Laredo Petroleum from $120.00 to $85.00 in a research report on Tuesday, May 24th. Finally, Piper Sandler boosted their target price on shares of Laredo Petroleum from $117.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $112.50.

Insider Activity

In other news, SVP Mark David Denny sold 2,707 shares of the stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $88.95, for a total value of $240,787.65. Following the transaction, the senior vice president now owns 18,452 shares of the company's stock, valued at approximately $1,641,305.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Bryan Lemmerman sold 10,522 shares of Laredo Petroleum stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $62.84, for a total transaction of $661,202.48. Following the completion of the transaction, the chief financial officer now directly owns 61,113 shares of the company's stock, valued at approximately $3,840,340.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mark David Denny sold 2,707 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $88.95, for a total value of $240,787.65. Following the completion of the sale, the senior vice president now directly owns 18,452 shares in the company, valued at $1,641,305.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

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LPI Stock News Headlines

August 15, 2022 | americanbankingnews.com
Laredo Petroleum, Inc. (NYSE:LPI) Receives Average Recommendation of "Hold" from Analysts
August 12, 2022 | seekingalpha.com
Laredo Petroleum: Leech Package Underperformance Trims Its Value
August 9, 2022 | americanbankingnews.com
Laredo Petroleum, Inc. (NYSE:LPI) to Post FY2022 Earnings of $24.44 Per Share, Capital One Financial Forecasts
August 9, 2022 | americanbankingnews.com
Laredo Petroleum, Inc. to Post Q3 2022 Earnings of $8.20 Per Share, Seaport Res Ptn Forecasts (NYSE:LPI)
August 7, 2022 | finance.yahoo.com
Is Laredo Petroleum, Inc.'s (NYSE:LPI) 78% ROE Better Than Average?
August 6, 2022 | seekingalpha.com
Laredo Petroleum, Inc. 2022 Q2 - Results - Earnings Call Presentation
August 6, 2022 | americanbankingnews.com
Laredo Petroleum (NYSE:LPI) Shares Down 13.8%
August 4, 2022 | finance.yahoo.com
Laredo Petroleum (LPI) Q2 2022 Earnings Call Transcript
August 4, 2022 | seekingalpha.com
Laredo Petroleum, Inc. (LPI) CEO Jason Pigott on Q2 2022 Results - Earnings Call Transcript
August 3, 2022 | finance.yahoo.com
Laredo Petroleum Announces Second-Quarter 2022 Financial and Operating Results
July 29, 2022 | americanbankingnews.com
Laredo Petroleum's (LPI) Maintains Rating Reiterated at Raymond James
July 28, 2022 | nasdaq.com
Laredo Petroleum, Inc.'s (NYSE:LPI) Intrinsic Value Is Potentially 93% Above Its Share Price
July 27, 2022 | americanbankingnews.com
Laredo Petroleum (NYSE:LPI) Trading 5.6% Higher After Analyst Upgrade
July 25, 2022 | americanbankingnews.com
Piper Sandler Boosts Laredo Petroleum (NYSE:LPI) Price Target to $120.00
July 23, 2022 | americanbankingnews.com
Brokers Offer Predictions for Laredo Petroleum, Inc.'s Q3 2022 Earnings (NYSE:LPI)
July 19, 2022 | nasdaq.com
Laredo Petroleum (LPI) Shares Cross Above 200 DMA
July 16, 2022 | nasdaq.com
First Week of LPI September 16th Options Trading
July 13, 2022 | finance.yahoo.com
Laredo Petroleum Schedules Second-Quarter 2022 Earnings Release and Conference Call
July 11, 2022 | markets.businessinsider.com
Where Laredo Petroleum Stands With Analysts
July 6, 2022 | finance.yahoo.com
Investors five-year losses grow to 71% as the stock sheds US$276m this past week
June 28, 2022 | finance.yahoo.com
Laredo Petroleum Announces Appointment of John Driver and Shihab Kuran to its Board of Directors
June 15, 2022 | finance.yahoo.com
Laredo Petroleum Emerges From a Slow Drip
June 14, 2022 | seekingalpha.com
LPI Laredo Petroleum, Inc.
June 6, 2022 | finance.yahoo.com
Laredo Petroleum, Inc.'s (NYSE:LPI) Intrinsic Value Is Potentially 89% Above Its Share Price
June 3, 2022 | marketwatch.com
Laredo Petroleum Shares Rise 13% After Board Authorizes Share Buyback
See More Headlines
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LPI Company Calendar

Last Earnings
11/02/2021
Today
8/15/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
Sector
Oils/Energy
Current Symbol
NYSE:LPI
CUSIP
51680610
CIK
1528129
Web
www.laredopetro.com
Phone
(918) 513-4570
Fax
918-513-4571
Employees
273
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$112.50
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
+69.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$31.63
Trailing P/E Ratio
2.10
Forward P/E Ratio
2.26
P/E Growth
N/A
Net Income
$145.01 million
Net Margins
27.23%
Pretax Margin
27.85%
Return on Equity
65.73%
Return on Assets
11.63%

Debt

Debt-to-Equity Ratio
1.90
Current Ratio
0.47
Quick Ratio
0.47

Sales & Book Value

Annual Sales
$1.39 billion
Price / Sales
0.83
Cash Flow
$20.59 per share
Price / Cash Flow
3.23
Book Value
$30.10 per share
Price / Book
2.21

Miscellaneous

Outstanding Shares
17,303,000
Free Float
16,922,000
Market Cap
$1.15 billion
Optionable
Optionable
Beta
3.53

Key Executives

  • Mr. Mikell Jason Pigott (Age 48)
    Pres, CEO & Director
    Comp: $1.93M
  • Mr. Bryan J. Lemmerman (Age 47)
    Sr. VP & CFO
    Comp: $1.1M
  • Dr. Tommye Karen Chandler (Age 52)
    Sr. VP & COO
    Comp: $1.12M
  • Mr. Mark David Denny (Age 41)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $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 (Age 52)
    VP of HR
  • Mr. David S. Ferris
    VP & Chief Sustainability Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













LPI Stock - Frequently Asked Questions

Should I buy or sell Laredo Petroleum stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LPI shares.
View LPI analyst ratings or view top-rated stocks.

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

4 Wall Street analysts have issued 1 year price targets for Laredo Petroleum's shares. Their LPI share price forecasts range from $85.00 to $125.00. On average, they anticipate the company's share price to reach $112.50 in the next year. This suggests a possible upside of 71.5% from the stock's current price.
View analysts price targets for LPI or view top-rated stocks among Wall Street analysts.

How have LPI shares performed in 2022?

Laredo Petroleum's stock was trading at $60.13 at the beginning of the year. Since then, LPI shares have increased by 9.1% and is now trading at $65.61.
View the best growth stocks for 2022 here.

When is Laredo Petroleum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our LPI earnings forecast.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum, Inc. (NYSE:LPI) released its quarterly earnings data on Tuesday, November, 2nd. The oil and gas producer reported $1.84 EPS for the quarter, missing the consensus estimate of $2.90 by $1.06. The oil and gas producer had revenue of $379.25 million for the quarter, compared to analysts' expectations of $261.71 million. Laredo Petroleum had a trailing twelve-month return on equity of 65.73% and a net margin of 27.23%. During the same period in the prior year, the firm earned $4.02 earnings per share.

When did Laredo Petroleum's stock split?

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 market closes on Friday, May 29th 2020. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

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

9 employees have rated Laredo Petroleum Chief Executive Officer Randy A. Foutch on Glassdoor.com. Randy A. Foutch has an approval rating of 78% among the company's employees.

What other stocks do shareholders of Laredo Petroleum own?

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 Statoil ASA (STO).

What is Laredo Petroleum's stock symbol?

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

Who are Laredo Petroleum's major shareholders?

Laredo Petroleum's stock is owned by many different institutional and retail investors. Top institutional investors include Northern Trust Corp (0.97%), Loomis Sayles & Co. L P (0.65%), Rafferty Asset Management LLC (0.64%), Principal Financial Group Inc. (0.57%), Bank of Montreal Can (0.57%) and PEAK6 Investments LLC (0.00%). Insiders that own company stock include Bryan Lemmerman, Encap Energy Capital Fund Ix,, James R Levy, M Jason Pigott, Mark David Denny, Pincus Private Equity Warburg, Tommye Karen Chandler and Warburg Pincus Llc.
View institutional ownership trends.

How do I buy shares of Laredo Petroleum?

Shares of LPI stock 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 $65.61.

How much money does Laredo Petroleum make?

Laredo Petroleum (NYSE:LPI) has a market capitalization of $1.14 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 $31.63 on an earnings per share basis.

How many employees does Laredo Petroleum have?

The company 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 the company 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 8/15/2022 by MarketBeat.com Staff

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