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NYSE:LPI

Laredo Petroleum Stock Forecast, Price & News

$9.35
-0.05 (-0.53 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$8.96
Now: $9.35
$9.61
50-Day Range
$9.40
MA: $14.35
$18.23
52-Week Range
$6.60
Now: $9.35
$61.00
Volume625,546 shs
Average Volume433,780 shs
Market Capitalization$112.16 million
P/E RatioN/A
Dividend YieldN/A
Beta4.43
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 also provides midstream and marketing services comprising transportation and marketing of oil and natural gas; and natural gas lift systems, crude oil and natural gas gathering, and water delivery and takeaway services. As of December 31, 2018, it had assembled 120,617 net acres in the Permian Basin; and had total proved reserves of 238,167 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 founded in 2006 and is headquartered in Tulsa, Oklahoma.
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Laredo Petroleum logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.51 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
CUSIP51680610
Phone918-513-4570

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$837.28 million
Cash Flow$32.24 per share
Book Value$71.00 per share

Profitability

Net Income$-342,460,000.00
Net Margins-112.30%

Miscellaneous

Employees340
Market Cap$112.16 million
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$9.35
-0.05 (-0.53 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Laredo Petroleum (NYSE:LPI) Frequently Asked Questions

How has Laredo Petroleum's stock price been impacted by Coronavirus (COVID-19)?

Laredo Petroleum's stock was trading at $11.4020 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LPI stock has decreased by 18.0% and is now trading at $9.35.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Laredo Petroleum?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 2 sell ratings, 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Laredo Petroleum
.

When is Laredo Petroleum's next earnings date?

Laredo Petroleum is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Laredo Petroleum
.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum Inc (NYSE:LPI) released its quarterly earnings results on Wednesday, August, 5th. The oil and gas producer reported $2.43 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.52 by $0.91. The oil and gas producer earned $110.59 million during the quarter, compared to analyst estimates of $184.59 million. Laredo Petroleum had a positive return on equity of 17.17% and a negative net margin of 112.30%.
View Laredo Petroleum's earnings history
.

When did Laredo Petroleum's stock split? How did Laredo Petroleum's stock split work?

Laredo Petroleum's stock 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 closing bell 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.

What price target have analysts set for LPI?

10 brokers have issued twelve-month price objectives for Laredo Petroleum's shares. Their forecasts range from $14.00 to $112.00. On average, they expect Laredo Petroleum's stock price to reach $40.20 in the next year. This suggests a possible upside of 329.9% from the stock's current price.
View analysts' price targets for Laredo Petroleum
.

Are investors shorting Laredo Petroleum?

Laredo Petroleum saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,020,000 shares, an increase of 15.9% from the August 31st total of 880,300 shares. Based on an average daily trading volume, of 470,200 shares, the days-to-cover ratio is currently 2.2 days. Currently, 11.4% of the company's stock are sold short.
View Laredo Petroleum's Short Interest
.

Who are some of Laredo Petroleum's key competitors?

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), Zynerba Pharmaceuticals (ZYNE), Cara Therapeutics (CARA), Ford Motor (F), Pandora Media (P) and Statoil (STO).

Who are Laredo Petroleum's key executives?

Laredo Petroleum's management team includes the following people:
  • Mr. Randy A. Foutch, Founder, Chairman & CEO (Age 67)
  • Dr. Tommye Karen Chandler, Sr. VP & COO (Age 48)
  • Mr. Michael T. Beyer, Sr. VP & CFO (Age 43)
  • Mr. Ronald L. Hagood, VP of Investor Relations
  • Mr. Mark David Denny, Sr. VP, Gen. Counsel & Sec.

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 retail and institutional investors. Top institutional investors include Verition Fund Management LLC (3.52%), Grantham Mayo Van Otterloo & Co. LLC (1.29%), Goldman Sachs Group Inc. (1.21%), Bank of New York Mellon Corp (0.74%), WS Management Lllp (0.73%) and Marshall Wace LLP (0.69%). Company insiders that own Laredo Petroleum stock include Peter Kagan and Warburg Pincus Llc.
View institutional ownership trends for Laredo Petroleum
.

Which institutional investors are selling Laredo Petroleum stock?

LPI stock was sold by a variety of institutional investors in the last quarter, including Grantham Mayo Van Otterloo & Co. LLC, LSV Asset Management, Bank of New York Mellon Corp, Goldman Sachs Group Inc., WS Management Lllp, Bank of America Corp DE, Principal Financial Group Inc., and Charles Schwab Investment Management Inc..
View insider buying and selling activity for Laredo Petroleum
.

Which institutional investors are buying Laredo Petroleum stock?

LPI stock was purchased by a variety of institutional investors in the last quarter, including Verition Fund Management LLC, Marshall Wace LLP, AQR Capital Management LLC, Bridgeway Capital Management Inc., Creative Planning, Cerebellum GP LLC, and Jane Street Group LLC.
View insider buying and selling activity for Laredo Petroleum
.

How do I buy shares of 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.

What is Laredo Petroleum's stock price today?

One share of LPI stock can currently be purchased for approximately $9.35.

How big of a company is Laredo Petroleum?

Laredo Petroleum has a market capitalization of $112.16 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 340 workers across the globe.

What is Laredo Petroleum's official website?

The official website for Laredo Petroleum is www.laredopetro.com.

How can I contact Laredo Petroleum?

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]

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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