Laredo Petroleum Stock Forecast, Price & News

Laredo Petroleum (NYSE:LPI) Frequently Asked Questions

Is Laredo Petroleum a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Laredo Petroleum stock. 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.
View analyst ratings for Laredo Petroleum or view top-rated stocks.

How has Laredo Petroleum's stock been impacted by COVID-19?

Laredo Petroleum's stock was trading at $11.4020 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LPI shares have increased by 437.4% and is now trading at $61.28.
View which stocks have been most impacted by COVID-19.

Are investors shorting Laredo Petroleum?

Laredo Petroleum saw a decrease in short interest in October. As of October 29th, there was short interest totaling 2,250,000 shares, a decrease of 17.3% from the October 14th total of 2,720,000 shares. Based on an average daily trading volume, of 767,200 shares, the days-to-cover ratio is presently 2.9 days. Currently, 16.9% of the shares of the stock are short sold.
View Laredo Petroleum's Short Interest.

When is Laredo Petroleum's next earnings date?

Laredo Petroleum is scheduled to release its next quarterly earnings announcement on Monday, February 28th 2022.
View our earnings forecast for Laredo Petroleum.

How were Laredo Petroleum's earnings last quarter?

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 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 the consensus estimate of $261.71 million. Laredo Petroleum had a negative net margin of 21.33% and a negative trailing twelve-month return on equity of 2,190.66%. During the same quarter last year, the firm posted $4.02 earnings per share.
View Laredo Petroleum's earnings history.

When did Laredo Petroleum's stock split? How did Laredo Petroleum's stock split work?

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

What price target have analysts set for LPI?

5 Wall Street analysts have issued twelve-month price objectives for Laredo Petroleum's stock. Their forecasts range from $66.00 to $85.00. On average, they anticipate Laredo Petroleum's stock price to reach $75.25 in the next year. This suggests a possible upside of 22.8% from the stock's current price.
View analysts' price targets for Laredo Petroleum or view top-rated stocks among Wall Street analysts.

Who are Laredo Petroleum's key executives?

Laredo Petroleum's management team includes the following people:

• Mikell Jason Pigott, President, Chief Executive Officer & Director
• T. Karen Chandler, Chief Operating Officer & Senior Vice President
• Bryan J. Lemmerman, Chief Financial Officer & Senior Vice President
• Brandon Brown, Chief Information Officer & Vice President
• Mark D. Denny, Secretary, Senior Vice President & General Counsel

What is Randy A. Foutch's approval rating as Laredo Petroleum's CEO?

9 employees have rated Laredo Petroleum CEO Randy A. Foutch on Glassdoor.com. Randy A. Foutch has an approval rating of 78% among Laredo Petroleum's employees.

Who are some of Laredo Petroleum's key competitors?

Some companies that are related to Laredo Petroleum include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Devon Energy (DVN), Diamondback Energy (FANG), Continental Resources (CLR), Marathon Oil (MRO), EQT (EQT), Southwestern Energy (SWN), PDC Energy (PDCE), Range Resources (RRC), Matador Resources (MTDR), SM Energy (SM), Callon Petroleum (CPE) and Whiting Petroleum (WLL).
View all of LPI's competitors.

What other stocks do shareholders of Laredo Petroleum own?

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).

What is Laredo Petroleum's stock symbol?

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

Who are Laredo Petroleum's major shareholders?

Laredo Petroleum's stock is owned by a number of institutional and retail investors. Top institutional investors include EnCap Energy Capital Fund IX L.P. (12.83%), BlackRock Inc. (11.59%), Maple Rock Capital Partners Inc. (4.18%), Dimensional Fund Advisors LP (2.29%), Geode Capital Management LLC (1.32%) and Invesco Ltd. (1.05%). Company insiders that own Laredo Petroleum stock include James R Levy, M Jason Pigott, Pincus Private Equity Warburg and Warburg Pincus Llc.
View institutional ownership trends for Laredo Petroleum.

Which major investors are selling Laredo Petroleum stock?

LPI stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Two Sigma Advisers LP, Invesco Ltd., Wellington Management Group LLP, Jane Street Group LLC, Cubist Systematic Strategies LLC, California State Teachers Retirement System, and Caxton Associates LP.
View insider buying and selling activity for Laredo Petroleum or view top insider-selling stocks.

Which major investors are buying Laredo Petroleum stock?

LPI stock was acquired by a variety of institutional investors in the last quarter, including EnCap Energy Capital Fund IX L.P., Maple Rock Capital Partners Inc., BlackRock Inc., Goldman Sachs Group Inc., Geode Capital Management LLC, Rafferty Asset Management LLC, UBS Group AG, and Ziegler Capital Management LLC.
View insider buying and selling activity for Laredo Petroleum or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Laredo Petroleum's stock price today?

One share of LPI stock can currently be purchased for approximately $61.28.

How much money does Laredo Petroleum make?

Laredo Petroleum has a market capitalization of $1.05 billion and generates $677.19 million in revenue each year. The oil and gas producer earns $-874.17 million in net income (profit) each year or ($22.42) on an earnings per share basis.

How many employees does Laredo Petroleum have?

Laredo Petroleum employs 257 workers across the globe.

What is Laredo Petroleum's official website?

The official website for Laredo Petroleum is www.laredopetro.com.

Where are Laredo Petroleum's headquarters?

Laredo Petroleum is headquartered at 15 WEST SIXTH STREET SUITE 900, TULSA OK, 74119.

How can I contact Laredo Petroleum?

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, via email at [email protected], or via fax at 918-513-4571.