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Laredo Petroleum Stock Price, News & Analysis (NYSE:LPI)

$2.27
-0.11 (-4.62 %)
(As of 10/18/2019 04:00 PM ET)
Today's Range
$2.26
Now: $2.27
$2.42
50-Day Range
$2.07
MA: $2.45
$3.16
52-Week Range
$2.03
Now: $2.27
$6.21
Volume4.19 million shs
Average Volume5.61 million shs
Market Capitalization$539.06 million
P/E Ratio2.44
Dividend YieldN/A
Beta1.59
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 also provides midstream and marketing services comprising transportation and marketing of oil and natural gas; and natural gas lift systems, crude oil and natural gas gathering, and water delivery and takeaway services. Read More…

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$1.68 per share
Book Value$5.02 per share

Profitability

Net Income$324.59 million

Miscellaneous

Employees340
Market Cap$539.06 million
Next Earnings Date11/5/2019 (Confirmed)
OptionableOptionable

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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 declared that its board has initiated a stock buyback program on Thursday, February 15th 2018, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum Inc (NYSE:LPI) posted its quarterly earnings data on Wednesday, July, 31st. The oil and gas producer reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The oil and gas producer had revenue of $216.60 million for the quarter, compared to analyst estimates of $213.24 million. Laredo Petroleum had a net margin of 40.05% and a return on equity of 15.59%. Laredo Petroleum's revenue for the quarter was down 38.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. 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 Tuesday, November 5th 2019. View Earnings Estimates for Laredo Petroleum.

How can I listen to Laredo Petroleum's earnings call?

Laredo Petroleum will be holding an earnings conference call on Tuesday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for LPI?

9 brokers have issued twelve-month price objectives for Laredo Petroleum's shares. Their forecasts range from $2.83 to $7.00. On average, they anticipate Laredo Petroleum's stock price to reach $4.89 in the next year. This suggests a possible upside of 115.3% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.

What is the consensus analysts' recommendation for Laredo Petroleum?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Laredo Petroleum.

Has Laredo Petroleum been receiving favorable news coverage?

Media stories about LPI stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Laredo Petroleum earned a news impact score of -1.5 on InfoTrie's scale. They also assigned news stories about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Laredo Petroleum.

Are investors shorting Laredo Petroleum?

Laredo Petroleum saw a decline in short interest in September. As of September 30th, there was short interest totalling 27,490,000 shares, a decline of 9.6% from the August 30th total of 30,400,000 shares. Based on an average trading volume of 6,360,000 shares, the days-to-cover ratio is presently 4.3 days. Approximately 15.3% of the company's stock are sold short. 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 Teekay Tankers (TNK), ConocoPhillips (COP), Willamette Valley Vineyards (WVVI), Advanced Micro Devices (AMD), Zynerba Pharmaceuticals (ZYNE), Cara Therapeutics (CARA), Pandora Media (P), Statoil (STO), Matador Resources (MTDR) and Ford Motor (F).

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)
  • Dr. Tommye Karen Chandler, Sr. VP & COO (Age 48)
  • Mr. Michael T. Beyer, Sr. VP & CFO (Age 43)
  • Mr. Ronald L. Hagood, VP of Investor Relations
  • Mr. Mark David Denny, Sr. VP, Gen. Counsel & Sec.

Who are Laredo Petroleum's major shareholders?

Laredo Petroleum's stock is owned by a number of of retail and institutional investors. Top institutional investors include Denali Advisors LLC (0.34%), State of Alaska Department of Revenue (0.06%), Brookstone Capital Management (0.01%), Cerebellum GP LLC (0.00%) and Cerebellum GP LLC (0.00%). 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.

Which institutional investors are buying Laredo Petroleum stock?

LPI stock was purchased by a variety of institutional investors in the last quarter, including Denali Advisors LLC, State of Alaska Department of Revenue, Brookstone Capital Management, Cerebellum GP LLC and Cerebellum GP LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Laredo Petroleum's stock price today?

One share of LPI stock can currently be purchased for approximately $2.27.

How big of a company is Laredo Petroleum?

Laredo Petroleum has a market capitalization of $539.06 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.

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:  520 (Vote Outperform)
Underperform Votes:  664 (Vote Underperform)
Total Votes:  1,184
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 10/19/2019 by MarketBeat.com Staff

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