|Bid||2.4400 x 29200|
|Ask||2.6400 x 29200|
|Day's Range||2.4500 - 2.6500|
|52 Week Range||2.4500 - 10.4300|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||2.47|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.92|
West Texas Intermediate crude oil has fallen from over $65 a barrel in late April to about $54/bbl today, a hair below our midcycle forecast of $55/bbl. The decline in crude prices has erased most of the E&P companies' gains from earlier in the year, when fundamentals were supported by strong compliance with steep OPEC cuts. Debottlenecking in the United States has since enabled shale producers to resume their rapid growth, however, while trade fears increasingly threaten to stymie demand.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! It's nice to see the Laredo Petroleum, Inc. (NYSE:LPI) share price up 17% in a week. But will...
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
Laredo Petroleum (LPI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Laredo Petroleum (LPI) delivered earnings and revenue surprises of 20.00% and 10.66%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Tulsa, Oklahoma-based company said it had a loss of 4 cents. Earnings, adjusted for non-recurring costs, came to 12 cents per share. The results exceeded Wall Street expectations. ...
TULSA, OK, May 01, 2019 -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or "the Company") today announced its 2019 first-quarter results, reporting a net loss attributable to.
A little bit of profit taking has descended on Wall Street after the S&P 500 hit a new record closing high earlier in the week. All is normal and typical behavior after such an impressive move out of the late December low.Energy stocks continue to be an area of warmth and light as crude oil prices push toward the $70-a-barrel level on increased tensions with Iran following President Trump's decision to further tighten the vice on Tehran's oil exports. His Administration announced that exemptions that allowed trading partners to import Iranian oil would be ended. All this comes as the summer driving season is set to start. * 10 Automation Stocks to Buy for the 21st Century As a result, a number of names in the energy sector are perking up. Especially smaller, cheaper names that have really yet to follow crude oil's push back above its 200-day moving average. Here are five energy stocks trading for less than $10 that are worth a look:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Transocean (RIG) Click to EnlargeShares of Transocean (NYSE:RIG) are holding steady above their 50-day moving average, setting up a push to challenge the 200-day moving average that was last crossed back in September. A return to the triple-top resistance set late last year would be worth a gain of more than 60% from here.The company will next report results on April 29 after the close. Analysts are looking for a loss of 29 cents per share on revenues of $751.3 million. When the company last reported on Feb. 19, a loss of 34 cents per share missed estimates by 10 cents on an 18.9% rise in revenues. Callon Petroleum (CPE) Click to EnlargeShares of Callon Petroleum (NYSE:CPE) look set to exit out of a four-month consolidation range with a break above resistance near the $8.50-a-share level. Watch for a run at the 200-day moving average, which would be worth a gain of nearly 20% from here. Earlier this month, the company agreed to sell non-core assets in the Midland Basin for $260 million in cash. * 7 Cloud Stocks to Buy Now The company will next report results on May 6 after the close. Analysts are looking for earnings of 15 cents per share on revenues of $151.4 million. When the company last reported on Feb. 26, earnings of 68 cents per share beat estimates by 48 cents on a 37% rise in revenues. Denbury Resources (DNR) Click to EnlargeShares of Denbury Resources (NYSE:DNR) are arcing up and out of a six-month consolidation range, setting up a move to fill the selloff gap formed in late October that would coincide with a move above its 200-day moving average. Zooming out, the stock has been mired in a churning consolidation range since late 2015, so a rotation back to overhead resistance near $4.50 should be expected.The company will next report results on May 7 before the bell. Analysts are looking for earnings of 8 cents per share on revenues of $307 million. When the company last reported on Feb. 27, earnings of 10 cents per share beat estimates by a penny on a 4.7% rise in revenues. Oasis Petroleum (OAS) Click to EnlargeOasis Petroleum (NYSE:OAS) shares look ready to break up and out of a five-month consolidation range with a move above its January high. This comes despite a downgrade from IFS Securities earlier in the week. Watch for a run at the 200-day moving average, lost back in October, which would be worth a gain of nearly 40% from here. * 7 Reasons the Stock Market's Record Closing Isn't the End of the Rally The company will next report results on May 28 after the close. Analysts are looking for earnings of 4 cents per share on revenues of $421.7 million. When the company last reported on Feb. 26, a loss of 2 cents per share missed estimates by 6 cents on a 37.9% rise in revenues. Laredo Petroleum (LPI) Click to EnlargeShares of Laredo Petroleum (NYSE:LPI) are mired in a tight but still tightening consolidation range going back to December. This caps an 80%+ decline from the highs seen in late 2016. Watch for an energy price tailwind to drive shares to a challenge of its 200-day moving average, which would be worth a gain of nearly 70% from here. Management is in the midst of a cost-cutting plan, slicing labor costs by 25%.The company will next report results on May 1 after the close. Analysts are looking for earnings of 9 cents per share on revenues of $185.1 million. When the company last reported on Feb. 13, earnings of 16 cents per share missed estimates by 6 cents on a 10.4% decline in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post 5 Cheap Energy Stocks to Buy Under $10 appeared first on InvestorPlace.
Laredo Petroleum, Inc. (LPI) ("Laredo" or the "Company") today announced that the Company has named Mikell J. ("Jason") Pigott as its new President and a member of the Board of Directors, effective May 28, 2019. Mr. Pigott will succeed Randy A. Foutch as Laredo’s Chief Executive Officer during the fourth quarter of 2019. "Jason’s appointment is the culmination of a comprehensive succession planning process that has been years in the making and that we began implementing in October of 2018," stated Randy A. Foutch, Chairman and Chief Executive Officer.
Laredo Petroleum (LPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Laredo Petroleum, Inc. (LPI) ("Laredo" or the "Company") will host a conference call on Thursday, May 2, 2019 to discuss its first-quarter 2019 financial and operating results. The Company also announces preliminary results for its commodity derivatives for first-quarter 2019 and its basic and diluted weighted-average shares outstanding. Laredo plans to release first-quarter 2019 earnings on Wednesday, May 1, 2019 after the market close and the Company will host a conference call on Thursday, May 2, 2019 at 7:30 a.m. CT (8:30 a.m. ET) to discuss its first-quarter 2019 financial and operating results.
Energy Sector: Key Highlights from Last Week(Continued from Prior Part)Energy stocksIn the week ending on April 12, upstream stock Anadarko Petroleum (APC) rose the most among the stocks in the energy space. The stocks are included in the
Oil prices continue to rally, but not all is well in the U.S. shale patch as drillers are facing both operational issues and have laid off hundreds of people
Having slashed spending plans and run out of willing buyers for assets, some U.S. shale producers are turning to workforce cuts as investors step up demands for returns. Pioneer Natural Resources Co, one of the largest producers in the Permian Basin of West Texas and New Mexico, and Laredo Petroleum Inc another Permian producer, this week disclosed plans to shed workers. Irving, Texas-based Pioneer declined to say how many of its about 3,200 employees would be cut.
Laredo Petroleum, Inc. (LPI) ("Laredo" or "the Company") today announced the Company has taken measures to align the Company's cost structure with operational activity, reducing combined cash and non-cash general and administrative expenses and capitalized employee costs by approximately 25% on an annualized basis. Separately, the Company announced the promotion of Michael T. Beyer to Senior Vice President and Chief Financial Officer, immediately replacing Richard C. Buterbaugh.
It's Monday and multiple entertainment companies along with one energy company is trending. Specifically, traders are watching more closely Sony Corporation (NYSE:SNE), Amazon.com Inc. (NASDAQ:AMZN), Netflix Inc. (NASDAQ:NFLX), Laredo Petroleum Inc. (NYSE:LPI), and AMC Entertainment Holdings Inc. Class A (NYSE:AMC). Let's analyze why each stock is trending and how some hedge funds are positioned among them. […]
Energy's Latest: Last Week's Outperformers and Underperformers(Continued from Prior Part)Energy stocks In the week that ended on April 5, upstream stock Laredo Petroleum (LPI) fell the most among the stocks in the energy space, which are included
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! In 2006 Randy Foutch was appointed CEO of Laredo Petroleum, Inc. (NYSE:LPI). This analysis aims first to contrast...
Laredo Petroleum, Inc. (LPI) ("Laredo" or "the Company") today announced the retirement of Dan C. Schooley, Senior Vice President - Midstream, Marketing & Subsurface and Kenneth E. Dornblaser, Senior Vice President - Legal & Administration. Concurrently, the Company's Board of Directors has appointed Mark D. Denny as Senior Vice President and General Counsel & Secretary, effective immediately.
What Impacted the Energy Sector Last Week?(Continued from Prior Part)Energy stocks In the week ending March 22, upstream stock Denbury Resources (DNR) rose the most among the energy stocks under review in this series, which include the following