Laredo Petroleum, Inc. (NYSE:LPI) has a beta value of 4.23 and has seen 1,640,995 shares traded in the last trading session. The company, currently valued at $161Million, closed the last trade at $13.45 per share which meant it lost -$1.1 on the day or -7.62% during that session. The LPI stock price is -410.04% off its 52-week high price of $68.6 and 50.93% above the 52-week low of $6.6. If we look at the company’s 10-day average daily trading volume, we find that it stood at 929.76 Million shares traded. The 3-month trading volume is 508.96 Million shares.
The consensus among analysts is that Laredo Petroleum, Inc. (LPI) is a Hold stock at the moment, with a recommendation rating of 2.8. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 7 out of 13 have rated it as a Hold, with 3 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $1.47.
Laredo Petroleum, Inc. (NYSE:LPI) trade information
Despite being -7.62% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the LPI stock price touched $16.42- or saw a rise of 18.09%. Year-to-date, Laredo Petroleum, Inc. shares have moved -76.57%, while the 5-day performance has seen it change -12.94%. Over the past 30 days, the shares of Laredo Petroleum, Inc. (NYSE:LPI) have changed -29.21%. Short interest in the company has seen 1.45 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $23.8, which means that the shares’ value could jump 76.95% from current levels. The projected low price target is $12.75 while the price target rests at a high of $44. In that case, then, we find that the current price level is +227.14% off the targeted high while a plunge would see the stock lose -5.2% from current levels.
Laredo Petroleum, Inc. (LPI) estimates and forecasts
Figures show that Laredo Petroleum, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -76.49% over the past 6 months, with this year growth rate of -47.03%, compared to -32.5% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -69.4% and -54.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be -19.8%.
10 analysts offering their estimates for the company have set an average revenue estimate of $167.12 Million for the current quarter. 10 have an estimated revenue figure of $182.45 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $199.63 Million and $193.57 Million respectively for this quarter and the next, and analysts expect sales will grow by -16.3% for the current quarter and -5.7% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -22.9% over the past 5 years. Earnings growth for 2020 is a modest -206.4% while over the next 5 years, the company’s earnings are expected to increase by -9.34%.