Laredo Petroleum Stock Price, News & Analysis (NYSE:LPI)

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

Laredo Petroleum declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 15th 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Laredo Petroleum Inc (NYSE:LPI) posted its earnings results on Wednesday, July, 31st. The oil and gas producer reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. The oil and gas producer earned $216.60 million during the quarter, compared to the consensus estimate of $213.24 million. Laredo Petroleum had a return on equity of 15.59% and a net margin of 40.05%. The business's quarterly revenue was down 38.3% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. View Laredo Petroleum's Earnings History.

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Tuesday, November 5th 2019. View Earnings Estimates for Laredo Petroleum.

Laredo Petroleum will be holding an earnings conference call on Tuesday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

9 Wall Street analysts have issued 12 month price objectives for Laredo Petroleum's shares. Their predictions range from $2.83 to $7.00. On average, they expect Laredo Petroleum's share price to reach $5.06 in the next year. This suggests a possible upside of 117.9% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Laredo Petroleum.

News headlines about LPI stock have trended negative on Thursday, InfoTrie reports. The research group scores the sentiment of news coverage by reviewing 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 nearest to five being the most favorable. Laredo Petroleum earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave news coverage about the oil and gas producer a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Laredo Petroleum.

Laredo Petroleum saw a decline in short interest in September. As of September 30th, there was short interest totalling 27,490,000 shares, a decline of 9.6% from the August 30th total of 30,400,000 shares. Based on an average trading volume of 6,360,000 shares, the short-interest ratio is presently 4.3 days. Approximately 15.3% of the shares of the stock are short sold. View Laredo Petroleum's Current Options Chain.

Some companies that are related to Laredo Petroleum include Tellurian (TELL), Matador Resources (MTDR), PDC Energy (PDCE), DELEK GRP LTD/ADR (DGRLY), ARC Resources (AETUF), Enerplus (ERF), Jagged Peak Energy (JAG), CNX Resources (CNX), Comstock Resources (CRK), GeoPark (GPRK), Southwestern Energy (SWN), Centennial Resource Development (CDEV), Eclipse Resources (ECR), Brigham Minerals (MNRL) and Talos Energy (TALO).

Based on aggregate information from My MarketBeat watchlists, some companies that other Laredo Petroleum investors own include Teekay Tankers (TNK), ConocoPhillips (COP), Willamette Valley Vineyards (WVVI), Advanced Micro Devices (AMD), Zynerba Pharmaceuticals (ZYNE), Cara Therapeutics (CARA), Pandora Media (P), Statoil (STO), Matador Resources (MTDR) and Ford Motor (F).

Laredo Petroleum's stock is owned by a number of of institutional and retail investors. Top institutional investors include Denali Advisors LLC (0.34%), State of Alaska Department of Revenue (0.06%), Cerebellum GP LLC (0.00%) and Cerebellum GP LLC (0.00%). 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 acquired by a variety of institutional investors in the last quarter, including Denali Advisors LLC, State of Alaska Department of Revenue, Cerebellum GP LLC and Cerebellum GP LLC. 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 $2.32.

Laredo Petroleum has a market capitalization of $550.93 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]