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

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

Laredo Petroleum announced that its board has authorized a stock repurchase plan on Thursday, February 15th 2018, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

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

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Laredo Petroleum.

9 Wall Street analysts have issued 12 month price targets for Laredo Petroleum's shares. Their predictions range from $2.83 to $7.00. On average, they anticipate Laredo Petroleum's share price to reach $5.0550 in the next year. This suggests a possible upside of 95.2% 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.

Media coverage about LPI stock has been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 -2.9 on InfoTrie's scale. They also assigned headlines about the oil and gas producer a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Laredo Petroleum.

Laredo Petroleum saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 36,364,800 shares, an increase of 21.5% from the July 31st total of 29,938,100 shares. Based on an average daily volume of 5,740,000 shares, the short-interest ratio is presently 6.3 days. Currently, 20.3% of the company's stock are sold short. View Laredo Petroleum's Current Options Chain.

Some companies that are related to Laredo Petroleum include PDC Energy (PDCE), Tellurian (TELL), ARC Resources (AETUF), Matador Resources (MTDR), Comstock Resources (CRK), Enerplus (ERF), DELEK GRP LTD/ADR (DGRLY), Jagged Peak Energy (JAG), Centennial Resource Development (CDEV), CNX Resources (CNX), SM Energy (SM), Talos Energy (TALO), Antero Resources (AR), Oasis Petroleum (OAS) and Range Resources (RRC).

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.02%), Vanguard Group Inc. (7.10%), Luminus Management LLC (4.50%), Bank of New York Mellon Corp (2.04%), Renaissance Technologies LLC (1.75%) and Parametric Portfolio Associates LLC (1.52%). 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 JPMorgan Chase & Co., WS Management Lllp, Vanguard Group Inc., Man Group plc, Invesco Ltd., AQR Capital Management LLC, Renaissance Technologies LLC and Paloma Partners Management Co. Company insiders that have sold Laredo Petroleum company stock in the last year include Peter Kagan and Warburg Pincus Llc. View Insider Buying and Selling for Laredo Petroleum.

LPI stock was purchased by a variety of institutional investors in the last quarter, including Luminus Management LLC, Parametric Portfolio Associates LLC, Caymus Capital Partners L.P., Balyasny Asset Management LLC, Nuveen Asset Management LLC, Morgan Stanley, A.R.T. Advisors LLC and Connor Clark & Lunn Investment Management Ltd.. 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 $2.59.

Laredo Petroleum has a market capitalization of $615.05 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]