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

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

Laredo Petroleum announced that its board has initiated a stock buyback program on Thursday, February 15th 2018, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Laredo Petroleum Inc (NYSE:LPI) released its quarterly earnings data on Tuesday, November, 5th. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The oil and gas producer had revenue of $193.57 million for the quarter, compared to analyst estimates of $215.83 million. Laredo Petroleum had a net margin of 5.87% and a return on equity of 14.25%. During the same quarter last year, the business posted $0.27 EPS. View Laredo Petroleum's Earnings History.

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Laredo Petroleum.

Laredo Petroleum will be holding an earnings conference call on Wednesday, February 12th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

11 brokerages have issued twelve-month target prices for Laredo Petroleum's shares. Their forecasts range from $2.00 to $7.00. On average, they expect Laredo Petroleum's share price to reach $4.55 in the next year. This suggests a possible upside of 89.5% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Laredo Petroleum.

Press coverage about LPI stock has been trending very negative this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media 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 -5 to 5, with scores closest to five being the most favorable. Laredo Petroleum earned a media sentiment score of -3.8 on InfoTrie's scale. They also gave press coverage about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Laredo Petroleum.

Laredo Petroleum saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 38,840,000 shares, a drop of 8.4% from the December 15th total of 42,420,000 shares. Based on an average trading volume of 5,190,000 shares, the days-to-cover ratio is presently 7.5 days. Currently, 21.7% of the shares of the company 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), Concho Resources (CXO), Diamondback Energy (FANG), Apache (APA), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Cabot Oil & Gas (COG), WPX Energy (WPX), Cimarex Energy (XEC), Kosmos Energy (KOS) and EQT (EQT).

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), Zynerba Pharmaceuticals (ZYNE), Cara Therapeutics (CARA), Matador Resources (MTDR), Pandora Media (P), Statoil (STO) and Ford Motor (F).

Laredo Petroleum's stock is owned by many different of retail and institutional investors. Top institutional investors include Caymus Capital Partners L.P. (1.36%), Louisiana State Employees Retirement System (0.03%) and Wedge Capital Management L L P NC (0.01%). 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 Wedge Capital Management L L P NC and Louisiana State Employees Retirement System. View Insider Buying and Selling for Laredo Petroleum.

LPI stock was acquired by a variety of institutional investors in the last quarter, including Caymus Capital Partners L.P.. 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 $2.40.

Laredo Petroleum has a market capitalization of $569.11 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]