Laredo Petroleum Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 1 sell rating, 2 hold ratings and 4 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.
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Wall Street analysts have given Laredo Petroleum a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Laredo Petroleum wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Laredo Petroleum is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Laredo Petroleum.

Laredo Petroleum, Inc. (NYSE:LPI) issued its quarterly earnings results on Wednesday, May, 5th. The oil and gas producer reported $1.71 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.98 by $0.27. The oil and gas producer had revenue of $250.23 million for the quarter, compared to the consensus estimate of $189.60 million. Laredo Petroleum had a negative net margin of 141.78% and a positive trailing twelve-month return on equity of 124.89%.
View Laredo Petroleum's earnings history.

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 473.2% and is now trading at $65.36.
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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.

7 brokerages have issued 12-month target prices for Laredo Petroleum's stock. Their forecasts range from $12.00 to $52.00. On average, they anticipate Laredo Petroleum's stock price to reach $29.00 in the next twelve months. This suggests that the stock has a possible downside of 55.6%.
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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.

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), Cimarex Energy (XEC), Cabot Oil & Gas (COG), EQT (EQT), PDC Energy (PDCE), Range Resources (RRC), Matador Resources (MTDR), Southwestern Energy (SWN) and SM Energy (SM).
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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."

Laredo Petroleum's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.58%), Dimensional Fund Advisors LP (2.93%), Arrowstreet Capital Limited Partnership (1.70%), Morgan Stanley (1.39%), Acadian Asset Management LLC (1.13%) and Renaissance Technologies LLC (1.06%). Company insiders that own Laredo Petroleum stock include James R Levy, 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 Morgan Stanley, JPMorgan Chase & Co., PDT Partners LLC, Intrinsic Edge Capital Management LLC, Prudential Financial Inc., UBS Group AG, Arrowstreet Capital Limited Partnership, and Squarepoint Ops LLC. Company insiders that have sold Laredo Petroleum company stock in the last year include James R Levy, Pincus Private Equity Warburg, and Warburg Pincus Llc.
View insider buying and selling activity for Laredo Petroleum or view top insider-selling stocks.

LPI stock was purchased by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Dimensional Fund Advisors LP, Goldman Sachs Group Inc., BlackRock Inc., HRT Financial LP, EAM Investors LLC, Creative Planning, and Hussman Strategic Advisors Inc..
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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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One share of LPI stock can currently be purchased for approximately $65.36.

Laredo Petroleum has a market capitalization of $843.08 million and generates $677.19 million in revenue each year. The oil and gas producer earns $-874,170,000.00 in net income (profit) each year or $11.51 on an earnings per share basis.

Laredo Petroleum employs 257 workers across the globe.

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

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

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]