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

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$3.62 +0.03 (+0.84 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$3.62
Today's Range$3.58 - $3.75
52-Week Range$3.00 - $11.18
Volume3.15 million shs
Average Volume4.37 million shs
Market Capitalization$846.79 million
P/E Ratio3.90
Dividend YieldN/A
Beta1.54
Laredo Petroleum, Inc. operates as an independent energy company in the United States. It operates through two segments, Exploration and Production; and Midstream and Marketing. The company engages in the acquisition, exploration, and development of oil and natural gas properties; and the transportation of oil and natural gas primarily in the Permian Basin in West Texas, as well as rig fuel, natural gas lift, and water delivery and takeaway services. As of December 31, 2017, it had assembled 124,843 net acres in the Permian Basin; and had total proved reserves of 215,883 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.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP51680610
Phone918-513-4570

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.11 billion
Cash Flow$1.7833 per share
Book Value$5.02 per share

Profitability

Net Income$324.59 million

Miscellaneous

Employees390
Market Cap$846.79 million
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable

Laredo Petroleum (NYSE:LPI) Frequently Asked Questions

What is Laredo Petroleum's stock symbol?

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

How will Laredo Petroleum's stock buyback program work?

Laredo Petroleum announced that its Board of Directors has initiated a share buyback plan on Thursday, February 15th 2018, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum Inc (NYSE:LPI) posted its quarterly earnings results on Wednesday, February, 13th. The oil and gas producer reported $0.16 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.20 by $0.04. The oil and gas producer had revenue of $215.28 million for the quarter, compared to analysts' expectations of $253.75 million. Laredo Petroleum had a return on equity of 21.16% and a net margin of 29.37%. The business's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 EPS. View Laredo Petroleum's Earnings History.

When is Laredo Petroleum's next earnings date?

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Laredo Petroleum.

What price target have analysts set for LPI?

11 brokerages have issued twelve-month target prices for Laredo Petroleum's stock. Their predictions range from $3.00 to $14.00. On average, they expect Laredo Petroleum's share price to reach $7.2857 in the next year. This suggests a possible upside of 101.3% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

What is the consensus analysts' recommendation for Laredo Petroleum?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 3 sell ratings, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Laredo Petroleum.

Has Laredo Petroleum been receiving favorable news coverage?

News headlines about LPI stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by reviewing 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 impact score of 1.7 on InfoTrie's scale. They also assigned media headlines about the oil and gas producer a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term.

Are investors shorting Laredo Petroleum?

Laredo Petroleum saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 30,451,813 shares, an increase of 18.1% from the January 15th total of 25,774,588 shares. Based on an average daily trading volume, of 4,185,570 shares, the short-interest ratio is currently 7.3 days. Approximately 17.1% of the company's stock are short sold. View Laredo Petroleum's Current Options Chain.

Who are some of Laredo Petroleum's key 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 Magnegas Applied Tchnlgy Sltns (MNGA), Oasis Petroleum (OAS), Teekay Tankers (TNK), Intelsat (I), Bank of America (BAC), Advanced Micro Devices (AMD), Chesapeake Energy (CHK), WPX Energy (WPX), Micron Technology (MU) and Transocean (RIG).

Who are Laredo Petroleum's key executives?

Laredo Petroleum's management team includes the folowing people:
  • Mr. Randy A. Foutch, Founder, Chairman & CEO (Age 67)
  • Mr. Richard C. Buterbaugh, Exec. VP & CFO (Age 64)
  • Mr. Kenneth E. Dornblaser, Sr. VP - Legal & Admin. and Corp. Sec. (Age 64)
  • Mr. Daniel C. Schooley, Sr. VP of Midstream, Marketing & Subsurface (Age 63)
  • Mr. Patrick J. Curth, Sr. Advisor (Age 67)

Who are Laredo Petroleum's major shareholders?

Laredo Petroleum's stock is owned by many different of institutional and retail investors. Top institutional investors include SailingStone Capital Partners LLC (16.33%), BlackRock Inc. (10.08%), Dimensional Fund Advisors LP (4.33%), WS Management Lllp (2.45%), Bank of New York Mellon Corp (2.40%) and Millennium Management LLC (1.46%). Company insiders that own Laredo Petroleum stock include Patrick J Curth, Peter Kagan and Pincus Private Equity Warburg. 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 Millennium Management LLC, Van ECK Associates Corp, SailingStone Capital Partners LLC, First Quadrant L P CA, Prudential Financial Inc., Victory Capital Management Inc., WS Management Lllp and Raymond James & Associates. Company insiders that have sold Laredo Petroleum company stock in the last year include Peter Kagan and Pincus Private Equity Warburg. View Insider Buying and Selling for Laredo Petroleum.

Which institutional investors are buying Laredo Petroleum stock?

LPI stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Dimensional Fund Advisors LP, BlackRock Inc., Freestone Capital Holdings LLC, Oregon Public Employees Retirement Fund, Two Sigma Advisers LP, Geode Capital Management LLC and Nordea Investment Management AB. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Laredo Petroleum's stock price today?

One share of LPI stock can currently be purchased for approximately $3.62.

How big of a company is Laredo Petroleum?

Laredo Petroleum has a market capitalization of $846.80 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 390 workers across the globe.

What is Laredo Petroleum's official website?

The official website for Laredo Petroleum is http://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]


MarketBeat Community Rating for Laredo Petroleum (NYSE LPI)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  471 (Vote Outperform)
Underperform Votes:  584 (Vote Underperform)
Total Votes:  1,055
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.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

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