Laredo Petroleum - LPI Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last twelve months. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" LPI shares.
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4 brokerages have issued twelve-month price targets for Laredo Petroleum's stock. Their LPI share price forecasts range from $95.00 to $125.00. On average, they predict the company's share price to reach $115.00 in the next twelve months. This suggests a possible upside of 84.5% from the stock's current price.
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Laredo Petroleum's stock was trading at $60.13 on January 1st, 2022. Since then, LPI shares have increased by 3.7% and is now trading at $62.33.
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Laredo Petroleum saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,900,000 shares, an increase of 11.1% from the August 15th total of 1,710,000 shares. Based on an average trading volume of 771,100 shares, the short-interest ratio is presently 2.5 days. Currently, 11.9% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Laredo Petroleum, Inc. (NYSE:LPI) announced its quarterly earnings data 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 earned $379.25 million during the quarter, compared to analyst estimates of $261.71 million. Laredo Petroleum had a net margin of 27.23% and a trailing twelve-month return on equity of 65.73%. During the same quarter in the previous year, the firm earned $4.02 EPS.

Laredo Petroleum's stock 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 closing bell on Friday, May 29th 2020. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

9 employees have rated Laredo Petroleum Chief Executive Officer Randy A. Foutch on Glassdoor.com. Randy A. Foutch has an approval rating of 78% among the company's employees.

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).

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

Shares of LPI stock 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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One share of LPI stock can currently be purchased for approximately $62.33.

Laredo Petroleum (NYSE:LPI) has a market capitalization of $1.08 billion and generates $1.39 billion in revenue each year. The oil and gas producer earns $145.01 million in net income (profit) each year or $31.63 on an earnings per share basis.

The company employs 273 workers across the globe.

Laredo Petroleum's mailing address is 15 WEST SIXTH STREET SUITE 900, TULSA OK, 74119. The official website for the company is www.laredopetro.com. The oil and gas producer can be reached via phone at (918) 513-4570, via email at rhagood@laredopetro.com, or via fax at 918-513-4571.