In last trading session, Laredo Petroleum Inc. (NYSE:LPI) saw 0.76 million shares changing hands with its beta currently measuring 4.09. Company’s recent per share price level of $75.12 trading at $5.03 or 7.18% at ring of the bell on the day assigns it a market valuation of $1.26B. That closing price of LPI’s stock is at a discount of -32.14% from its 52-week high price of $99.26 and is indicating a premium of 69.89% from its 52-week low price of $22.62. Taking a look at company’s average trading volume of 720.34K if we extend that period to 3-months.
For Laredo Petroleum Inc. (LPI), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 10 analysts covering the stock, 1 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $3.44 in the current quarter.
Laredo Petroleum Inc. (NYSE:LPI) trade information
Upright in the green during last session for gaining 7.18%, in the last five days LPI remained trading in the green while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $75.12 price level, adding 0.24% to its value on the day. Laredo Petroleum Inc.’s shares saw a change of 24.93% in year-to-date performance and have moved 5.14% in past 5-day. Laredo Petroleum Inc. (NYSE:LPI) showed a performance of 23.37% in past 30-days.
Wall Street analysts have assigned a consensus price target of $92.00 to the stock, which implies a rise of 18.35% to its current value. Analysts have been projecting $72.00 as a low price target for the stock while placing it at a high target of $126.00. It follows that stock’s current price would drop -67.73% in reaching the projected high whereas dropping to the targeted low would mean a gain of 4.15% for stock’s current value.
Laredo Petroleum Inc. (LPI) estimates and forecasts
Statistics highlight that Laredo Petroleum Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 36.16% of value to its shares in past 6 months, showing an annual growth rate of -24.07% while that of industry is -12.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 6.50% in the current quarter and calculating 243.30% increase in the next quarter. This year revenue growth is estimated to rise 77.30% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $374.76 million for the same. And 8 analysts are in estimates of company making revenue of $354.73 million in the next quarter that will end on Mar 2022. Company posted $188.06 million and $250.23 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 99.30% while estimating it to be 41.80% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 19.50% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -153.00% while estimates for its earnings growth in next 5 years are of 10.49%.
Laredo Petroleum Inc. is more likely to be releasing its next quarterly report between February 21 and February 25 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Laredo Petroleum Inc. (NYSE:LPI)’s Major holders
Insiders are in possession of 8.37% of company’s total shares while institution are holding 75.88 percent of that, with stock having share float percentage of 82.81%. Investors also watch the number of corporate investors in a company very closely, which is 75.88% institutions for Laredo Petroleum Inc. that are currently holding shares of the company. EnCap Energy Capital Fund IX, LP is the top institutional holder at LPI for having 2.19 million shares of worth $177.63 million. And as of Sep 29, 2021, it was holding 12.84% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 1.98 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 11.59% of outstanding shares, having a total worth of $160.35 million.
On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and iShares Core S&P Smallcap ETF are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 0.99 million shares of worth $74.87 million or 5.82% of the total outstanding shares. The later fund manager was in possession of 0.91 million shares on Oct 30, 2021, making its stake of worth around $68.6 million in the company or a holder of 5.33% of company’s stock.