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NYSE:LPI

Laredo Petroleum - LPI Stock Forecast, Price & News

$61.70
-0.63 (-1.01%)
(As of 09/29/2022 12:22 PM ET)
Add
Compare
Today's Range
$58.78
$62.16
50-Day Range
$53.08
$88.67
52-Week Range
$51.22
$120.86
Volume
14,360 shs
Average Volume
680,380 shs
Market Capitalization
$1.07 billion
P/E Ratio
1.95
Dividend Yield
N/A
Price Target
$115.00

Laredo Petroleum MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
88.0% Upside
$115.00 Price Target
Short Interest
Bearish
12.76% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.47mentions of Laredo Petroleum in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$995,921 Sold Last Quarter
Proj. Earnings Growth
75.16%
From $25.81 to $45.21 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Oils/Energy Sector

106th out of 260 stocks

Crude Petroleum & Natural Gas Industry

47th out of 82 stocks

LPI stock logo

About Laredo Petroleum (NYSE:LPI) Stock

Laredo Petroleum, Inc., an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company sells oil, natural gas liquids, and natural gas. As of December 31, 2021, it had assembled 166,064 net acres in the Permian Basin; and had total proved undeveloped reserves of 86,592 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 incorporated in 2006 and is headquartered in Tulsa, Oklahoma.

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LPI Stock News Headlines

Laredo Petroleum Whale Trades For September 28
Reviewing Laredo Petroleum (NYSE:LPI) & Antero Resources (NYSE:AR)
Laredo Petroleum, Inc. (LPI)
Where Laredo Petroleum Stands With Analysts
See More Headlines
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LPI Company Calendar

Last Earnings
11/02/2021
Today
9/29/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
51680610
Employees
273
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$115.00
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
+86.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$145.01 million
Pretax Margin
27.85%

Debt

Sales & Book Value

Annual Sales
$1.39 billion
Cash Flow
$23.82 per share
Book Value
$30.10 per share

Miscellaneous

Free Float
16,922,000
Market Cap
$1.07 billion
Optionable
Optionable
Beta
3.52

Key Executives

  • Mr. Mikell Jason Pigott (Age 48)
    Pres, CEO & Director
    Comp: $1.93M
  • Mr. Bryan J. Lemmerman (Age 47)
    Sr. VP & CFO
    Comp: $1.1M
  • Mr. Mark David Denny (Age 41)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $801.93k
  • Jessica R. Wren
    Interim Principal Accounting Officer
  • Mr. Brandon Brown
    VP & CTO
  • Mr. Ronald Hagood
    VP of Investor Relations
  • Mr. Benjamin C. Klein
    VP of Midstream & Marketing
  • Ms. Amelia Kim Harding (Age 52)
    VP of HR
  • Mr. David S. Ferris
    VP & Chief Sustainability Officer
  • Mr. Kyle Coldiron
    VP of Devel. & Production













LPI Stock - Frequently Asked Questions

Should I buy or sell Laredo Petroleum stock right now?

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.
View LPI analyst ratings
or view top-rated stocks.

What is Laredo Petroleum's stock price forecast for 2022?

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.
View analysts price targets for LPI
or view top-rated stocks among Wall Street analysts.

How have LPI shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Laredo Petroleum?

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.
View Laredo Petroleum's Short Interest
.

When is Laredo Petroleum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our LPI earnings forecast
.

How were Laredo Petroleum's earnings last quarter?

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.

When did Laredo Petroleum's stock split?

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.

What is Randy A. Foutch's approval rating as Laredo Petroleum's CEO?

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.

What other stocks do shareholders of Laredo Petroleum own?
What is Laredo Petroleum's stock symbol?

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

How do I buy shares of Laredo Petroleum?

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.
Compare Top Brokerages Here.

What is Laredo Petroleum's stock price today?

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

How much money does Laredo Petroleum make?

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.

How many employees does Laredo Petroleum have?

The company employs 273 workers across the globe.

How can I contact Laredo Petroleum?

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.

This page (NYSE:LPI) was last updated on 9/29/2022 by MarketBeat.com Staff

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