Laredo Petroleum - LPI Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last twelve months. 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.
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4 Wall Street research analysts have issued 12 month target prices for Laredo Petroleum's shares. Their LPI share price forecasts range from $95.00 to $125.00. On average, they anticipate the company's stock price to reach $115.00 in the next twelve months. This suggests a possible upside of 83.0% from the stock's current price.
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Laredo Petroleum's stock was trading at $60.13 at the beginning of 2022. Since then, LPI shares have increased by 4.5% and is now trading at $62.85.
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Laredo Petroleum saw a increase in short interest in August. As of August 31st, there was short interest totaling 1,900,000 shares, an increase of 11.1% from the August 15th total of 1,710,000 shares. Based on an average daily trading volume, of 771,100 shares, the days-to-cover ratio is presently 2.5 days. Approximately 11.9% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Laredo Petroleum, Inc. (NYSE:LPI) announced its earnings results 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 earned $379.25 million during 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 quarter last year, the company earned $4.02 earnings per share.

Shares of Laredo Petroleum 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 stock prior to the reverse split would have 5 shares after the split.

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.

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).

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

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.
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One share of LPI stock can currently be purchased for approximately $62.85.

Laredo Petroleum (NYSE:LPI) has a market capitalization of $1.09 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.

The company employs 273 workers across the globe.

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.