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 initiated a share buyback plan on Thursday, February 15th 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Laredo Petroleum Inc (NYSE:LPI) announced its quarterly earnings data on Wednesday, July, 31st. The oil and gas producer reported $0.24 earnings per share 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 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 revenue for the quarter was down 38.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. 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 brokerages have issued 1 year price targets for Laredo Petroleum's shares. Their forecasts range from $2.83 to $7.00. On average, they expect Laredo Petroleum's stock price to reach $4.89 in the next year. This suggests a possible upside of 104.5% 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 coverage about LPI stock has been trending neutral this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Laredo Petroleum earned a media sentiment score of 0.3 on InfoTrie's scale. They also assigned news articles about the oil and gas producer a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely 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 drop in short interest during the month of September. As of September 30th, there was short interest totalling 27,490,000 shares, a drop of 9.6% from the August 30th total of 30,400,000 shares. Based on an average daily trading volume, of 6,360,000 shares, the days-to-cover ratio is currently 4.3 days. Approximately 15.3% of the company's stock are sold short. View Laredo Petroleum's Current Options Chain.

Some companies that are related to Laredo Petroleum include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Diamondback Energy (FANG), Concho Resources (CXO), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Apache (APA), Devon Energy (DVN), Cabot Oil & Gas (COG), Cimarex Energy (XEC), WPX Energy (WPX), EQT (EQT) and Kosmos Energy (KOS).

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%), Brookstone Capital Management (0.01%), 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 bought by a variety of institutional investors in the last quarter, including Denali Advisors LLC, State of Alaska Department of Revenue, Brookstone Capital Management, 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 $2.39.

Laredo Petroleum has a market capitalization of $567.55 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]