Laredo Petroleum Inc. (NYSE:LPI) went down by -0.29% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Oil & Gas E&P giant went up by $13.55 to trade ended Thursday trading at $13.59. This is down from the $13.59 price recorded on Wednesday’s trading session. Thanks to this latest performance, LPI is closer to the higher price 52-week target of $44.00 and further from the lowest price target of $12.75. Its performance from the start of the year has also been negative, with LPI down by -76.39% year-to-date.
Laredo Petroleum Inc. (LPI) started the day trading at $14.09 and recorded an intraday high of $14.21. It also recorded an intraday low of $13.36 during Thursday’s trading session. Laredo Petroleum Inc. is a very active stock that recorded a trading volume that is less than -10.18% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 459592, which is less than -10.18 of the total average daily trading volume of 506.36K.
Laredo Petroleum Inc. (NYSE:LPI) 2020 Performance Impressive
The increase in LPI’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of LPI currently stands at $68.50, which is higher than the current trading price of the stock by 80.22%. However, LPI’s current trading price is -105.3% lower than the 52-week low price of $6.60. In terms of trading volume, Laredo Petroleum Inc. currently experienced healthy participation during the last trading session. 459592 shares of Laredo Petroleum Inc. were traded on the stock exchange on Thursday, which is less than -10.18% of the 506.36K average trading volume of the stock.
The performance of the stock has been positive over the past year. LPI’s performance over the past one year has seen it plunge by -75.89%, while the stock has gone down by -75.45% in the last six months. The quarterly performance of LPI currently stands at 78.38%, and it is down by -22.84% in the last month. The only negative figure was from the weekly performance, which currently reads -6.94%. At the time of writing LPI’s report, the company has a total market cap of $175.61M, making it one of the largest publicly-traded companies in the world.Laredo Petroleum Inc. also has over 280 employees all over the world.
LPI Insider Activities
For Laredo Petroleum Inc., insiders hold 88.60% of all company shares. The insider transactions over the past six months are down by -113.60%. During that period, insiders bought 3,199,338 shares in 25 transactions. In that same period, insiders sold 71,784 of their shares in 9 transactions. After these transactions, insiders at Laredo Petroleum Inc. now hold 383.62k shares, which is over 99.97% of the total company stocks. Institutional investors currently hold a large chunk of the LPI shares, as they control 3.29% of the company’s total stock.
LPI Fundamental Analysis
For Laredo Petroleum Inc., the stock’s diluted earnings per share (EPS) stands at -8.60. In the coming year, analysts expect the EPS to be -0.75. The EPS growth will slow down over the next five years to -9.34% after plunging by -22.90% in the previous five years. In terms of revenue, Laredo Petroleum Inc.’s quarterly sales (YOY) is growing at 1.50, which is higher than the average annual revenue of -22.90% over the past half a decade.
The Return on Investment (ROI) on Laredo Petroleum Inc.’s stock currently stands at -18.10%, and it has a net profit margin of -11.70%. The operating margin of the company is -54.80%, and its gross margin is 59.10%.
LPI Analysts Prediction
Siebert Williams Shank reiterate their Hold position on the stock ($4.50 and $2.50) and Goldman reiterate their Sell position on the stock ($2.50 and $2).
At the moment, Laredo Petroleum Inc.’s Total Debt to Equity ratio stands at 1.16, and they have a long-term Debt to Equity ratio of 1.16.
LPI Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of LPI currently stands at -22.96%, while the SMA50 is -23.45%. The biggest one is the SMA200, which is currently reading -57.80% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 38.48.