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 of Directors has initiated a stock buyback plan on Thursday, February 15th 2018, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Laredo Petroleum Inc (NYSE:LPI) issued its quarterly earnings data on Tuesday, November, 5th. The oil and gas producer reported $0.21 earnings per share for the quarter, beating 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 return on equity of 14.25% and a net margin of 5.87%. During the same quarter in the previous year, the company earned $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 analysts have issued 12-month target prices for Laredo Petroleum's shares. Their forecasts range from $2.00 to $7.00. On average, they expect Laredo Petroleum's stock price to reach $4.27 in the next year. This suggests a possible upside of 133.3% 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, 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Laredo Petroleum.

News articles about LPI stock have trended very negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Laredo Petroleum earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave media coverage about the oil and gas producer a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect on the stock's share price in the near future. View News Stories for Laredo Petroleum.

Laredo Petroleum saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 38,840,000 shares, a drop of 8.4% from the December 31st total of 42,420,000 shares. Based on an average daily trading volume, of 5,160,000 shares, the days-to-cover ratio is currently 7.5 days. Approximately 21.7% of the shares of the 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), Concho Resources (CXO), Diamondback Energy (FANG), Continental Resources (CLR), Apache (APA), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), Cabot Oil & Gas (COG), WPX Energy (WPX), Cimarex Energy (XEC), Kosmos Energy (KOS) and Matador Resources (MTDR).

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 a number of of retail and institutional investors. Top institutional investors include Caymus Capital Partners L.P. (1.36%), California Public Employees Retirement System (0.14%), Arizona State Retirement System (0.05%), First Quadrant L P CA (0.05%), SG Americas Securities LLC (0.03%) and Louisiana State Employees Retirement System (0.03%). 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 Arizona State Retirement System, Wedge Capital Management L L P NC and Louisiana State Employees Retirement System. View Insider Buying and Selling for Laredo Petroleum.

LPI stock was purchased by a variety of institutional investors in the last quarter, including Caymus Capital Partners L.P., Magnus Financial Group LLC, California Public Employees Retirement System, First Quadrant L P CA and SG Americas Securities 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 $1.83.

Laredo Petroleum has a market capitalization of $433.95 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]