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

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

Laredo Petroleum declared that its board has authorized a stock repurchase program on Thursday, February 15th 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Laredo Petroleum Inc (NYSE:LPI) posted its quarterly earnings results on Tuesday, November, 5th. The oil and gas producer reported $0.21 EPS for the quarter, beating the Zacks' consensus estimate of $0.19 by $0.02. The oil and gas producer earned $193.57 million during the quarter, compared to analysts' expectations of $215.83 million. Laredo Petroleum had a net margin of 5.87% and a return on equity of 14.25%. During the same period in the prior year, the firm posted $0.27 EPS. View Laredo Petroleum's Earnings History.

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Laredo Petroleum.

Laredo Petroleum will be holding an earnings conference call on Wednesday, February 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

11 brokerages have issued twelve-month price targets for Laredo Petroleum's stock. Their forecasts range from $2.00 to $7.00. On average, they expect Laredo Petroleum's share price to reach $4.27 in the next year. This suggests a possible upside of 135.9% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 1 sell rating, 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Laredo Petroleum.

News stories about LPI stock have been trending somewhat negative on Monday, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Laredo Petroleum earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned media coverage about the oil and gas producer a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Laredo Petroleum.

Laredo Petroleum saw a decrease in short interest in the month of January. As of January 15th, there was short interest totalling 38,840,000 shares, a decrease of 8.4% from the December 31st total of 42,420,000 shares. Based on an average daily volume of 5,160,000 shares, the days-to-cover ratio is presently 7.5 days. Currently, 21.7% of the company's stock are sold short. 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), Diamondback Energy (FANG), Apache (APA), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Cabot Oil & Gas (COG), WPX Energy (WPX), Cimarex Energy (XEC), Kosmos Energy (KOS) and Matador Resources (MTDR).

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), Pandora Media (P), Statoil (STO) and Ford Motor (F).

Laredo Petroleum's stock is owned by a number of of institutional and retail investors. Top institutional investors include Caymus Capital Partners L.P. (1.36%), California Public Employees Retirement System (0.14%), Arizona State Retirement System (0.05%), Louisiana State Employees Retirement System (0.03%) and Wedge Capital Management L L P NC (0.01%). 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 Arizona State Retirement System, Wedge Capital Management L L P NC and Louisiana State Employees Retirement System. View Insider Buying and Selling for Laredo Petroleum.

LPI stock was acquired by a variety of institutional investors in the last quarter, including Caymus Capital Partners L.P. and California Public Employees Retirement System. 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, Robinhood, Fidelity and Charles Schwab.

One share of LPI stock can currently be purchased for approximately $1.81.

Laredo Petroleum has a market capitalization of $429.21 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]