Laredo Petroleum - LPI Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LPI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LPI, but not buy additional shares or sell existing shares.
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5 Wall Street analysts have issued twelve-month price objectives for Laredo Petroleum's shares. Their LPI share price forecasts range from $69.00 to $125.00. On average, they expect the company's stock price to reach $92.20 in the next year. This suggests a possible upside of 76.0% 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 stock has decreased by 12.9% and is now trading at $52.38.
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Laredo Petroleum saw a increase in short interest in November. As of November 15th, there was short interest totaling 2,060,000 shares, an increase of 12.6% from the October 31st total of 1,830,000 shares. Based on an average trading volume of 690,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 13.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
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Laredo Petroleum, Inc. (NYSE:LPI) issued its quarterly earnings results on Tuesday, November, 2nd. The oil and gas producer reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.90 by $1.06. The oil and gas producer had revenue of $379.25 million for the quarter, compared to analyst estimates of $261.71 million. Laredo Petroleum had a net margin of 35.99% and a trailing twelve-month return on equity of 55.37%. During the same period in the prior year, the firm posted $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 market closes 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."

Laredo Petroleum's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (16.22%), State Street Corp (10.26%), Vanguard Group Inc. (6.98%), Dimensional Fund Advisors LP (3.10%), Encompass Capital Advisors LLC (2.83%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Bryan Lemmerman, Encap Energy Capital Fund Ix,, James R Levy, Jessica R Wren, M Jason Pigott, Mark David Denny, Pincus Private Equity Warburg, Tommye Karen Chandler and Warburg Pincus Llc.
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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 $52.38.

Laredo Petroleum (NYSE:LPI) has a market capitalization of $880.51 million 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 $43.15 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.