NYSE:LPI Laredo Petroleum Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Laredo Petroleum Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $9.35 -0.05 (-0.53 %) (As of 09/25/2020 12:00 AM ET) Add Compare Share Today's Range$8.96Now: $9.35▼$9.6150-Day Range$9.40MA: $14.35▼$18.2352-Week Range$6.60Now: $9.35▼$61.00Volume625,546 shsAverage Volume433,780 shsMarket Capitalization$112.16 millionP/E RatioN/ADividend YieldN/ABeta4.43 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Laredo Petroleum, Inc., an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company also provides midstream and marketing services comprising transportation and marketing of oil and natural gas; and natural gas lift systems, crude oil and natural gas gathering, and water delivery and takeaway services. As of December 31, 2018, it had assembled 120,617 net acres in the Permian Basin; and had total proved reserves of 238,167 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings, Inc. and changed its name to Laredo Petroleum, Inc. in December 2013. Laredo Petroleum, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma.Read More Beat the Market (BTM) Rank™ 3.2 Analyst's Opinion Consensus RatingLaredo Petroleum has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 6 buy ratings, 2 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $40.20, Laredo Petroleum has a forecasted upside of 329.9% from its current price of $9.35.Amount of Analyst CoverageLaredo Petroleum has only been the subject of 4 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesLaredo Petroleum has received 564 “outperform” votes. (Add your “outperform” vote.)Underperform VotesLaredo Petroleum has received 789 “underperform” votes. (Add your “underperform” vote.)Community SentimentLaredo Petroleum has received 58.31% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Laredo Petroleum and other stocks. Vote “Outperform” if you believe LPI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LPI will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 0.0 Dividend Strength Dividend YieldLaredo Petroleum does not currently pay a dividend.Dividend GrowthLaredo Petroleum does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Laredo Petroleum insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.20% of the stock of Laredo Petroleum is held by insiders.Percentage Held by Institutions71.62% of the stock of Laredo Petroleum is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Laredo Petroleum are expected to grow by 10.85% in the coming year, from $9.22 to $10.22 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Laredo Petroleum is -0.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Laredo Petroleum is -0.13, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioLaredo Petroleum has a P/B Ratio of 0.13. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.2Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.51 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Crude petroleum & natural gas Sub-IndustryOil & Gas Exploration & Production SectorOils/Energy Current SymbolNYSE:LPI Previous Symbol CUSIP51680610 CIK1528129 Webwww.laredopetro.com Phone918-513-4570Debt Debt-to-Equity Ratio3.35 Current Ratio1.62 Quick Ratio1.62Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio1.01 P/E GrowthN/A Sales & Book Value Annual Sales$837.28 million Price / Sales0.13 Cash Flow$32.24 per share Price / Cash Flow0.29 Book Value$71.00 per share Price / Book0.13Profitability EPS (Most Recent Fiscal Year)$14.80 Net Income$-342,460,000.00 Net Margins-112.30% Return on Equity17.17% Return on Assets6.24%Miscellaneous Employees340 Outstanding Shares11,996,000Market Cap$112.16 million Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $9.35 -0.05 (-0.53 %) (As of 09/25/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive LPI News and Ratings via Email Sign-up to receive the latest news and ratings for LPI and its competitors with MarketBeat's FREE daily newsletter. Laredo Petroleum (NYSE:LPI) Frequently Asked Questions How has Laredo Petroleum's stock price been impacted by Coronavirus (COVID-19)? Laredo Petroleum's stock was trading at $11.4020 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LPI stock has decreased by 18.0% and is now trading at $9.35. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Laredo Petroleum? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 2 sell ratings, 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Laredo Petroleum. When is Laredo Petroleum's next earnings date? Laredo Petroleum is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020. View our earnings forecast for Laredo Petroleum. How were Laredo Petroleum's earnings last quarter? Laredo Petroleum Inc (NYSE:LPI) released its quarterly earnings results on Wednesday, August, 5th. The oil and gas producer reported $2.43 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.52 by $0.91. The oil and gas producer earned $110.59 million during the quarter, compared to analyst estimates of $184.59 million. Laredo Petroleum had a positive return on equity of 17.17% and a negative net margin of 112.30%. View Laredo Petroleum's earnings history. When did Laredo Petroleum's stock split? How did Laredo Petroleum's stock split work? Laredo Petroleum's stock 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 closing bell 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? 10 brokers have issued twelve-month price objectives for Laredo Petroleum's shares. Their forecasts range from $14.00 to $112.00. On average, they expect Laredo Petroleum's stock price to reach $40.20 in the next year. This suggests a possible upside of 329.9% from the stock's current price. View analysts' price targets for Laredo Petroleum. Are investors shorting Laredo Petroleum? Laredo Petroleum saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,020,000 shares, an increase of 15.9% from the August 31st total of 880,300 shares. Based on an average daily trading volume, of 470,200 shares, the days-to-cover ratio is currently 2.2 days. Currently, 11.4% of the company's stock are sold short. View Laredo Petroleum's Short Interest. 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), Concho Resources (CXO), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Apache (APA), EQT (EQT), Devon Energy (DVN), Marathon Oil (MRO), WPX Energy (WPX), Cimarex Energy (XEC) and Range Resources (RRC). View all 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), Zynerba Pharmaceuticals (ZYNE), Cara Therapeutics (CARA), Ford Motor (F), Pandora Media (P) and Statoil (STO). Who are Laredo Petroleum's key executives? Laredo Petroleum's management team includes the following people: Mr. Randy A. Foutch, Founder, Chairman & CEO (Age 67)Dr. Tommye Karen Chandler, Sr. VP & COO (Age 48)Mr. Michael T. Beyer, Sr. VP & CFO (Age 43)Mr. Ronald L. Hagood, VP of Investor RelationsMr. Mark David Denny, Sr. VP, Gen. Counsel & Sec. 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 many different retail and institutional investors. Top institutional investors include Verition Fund Management LLC (3.52%), Grantham Mayo Van Otterloo & Co. LLC (1.29%), Goldman Sachs Group Inc. (1.21%), Bank of New York Mellon Corp (0.74%), WS Management Lllp (0.73%) and Marshall Wace LLP (0.69%). Company insiders that own Laredo Petroleum stock include Peter Kagan and Warburg Pincus Llc. View institutional ownership trends for Laredo Petroleum. Which institutional investors are selling Laredo Petroleum stock? LPI stock was sold by a variety of institutional investors in the last quarter, including Grantham Mayo Van Otterloo & Co. LLC, LSV Asset Management, Bank of New York Mellon Corp, Goldman Sachs Group Inc., WS Management Lllp, Bank of America Corp DE, Principal Financial Group Inc., and Charles Schwab Investment Management Inc.. View insider buying and selling activity for Laredo Petroleum. Which institutional investors are buying Laredo Petroleum stock? LPI stock was purchased by a variety of institutional investors in the last quarter, including Verition Fund Management LLC, Marshall Wace LLP, AQR Capital Management LLC, Bridgeway Capital Management Inc., Creative Planning, Cerebellum GP LLC, and Jane Street Group LLC. View insider buying and selling activity for Laredo Petroleum. 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Laredo Petroleum's stock price today? One share of LPI stock can currently be purchased for approximately $9.35. How big of a company is Laredo Petroleum? Laredo Petroleum has a market capitalization of $112.16 million and generates $837.28 million in revenue each year. The oil and gas producer earns $-342,460,000.00 in net income (profit) each year or $14.80 on an earnings per share basis. Laredo Petroleum employs 340 workers across the globe. What is Laredo Petroleum's official website? The official website for Laredo Petroleum is www.laredopetro.com. 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 or via email at [email protected] This page was last updated on 9/26/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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