Laredo Petroleum Inc. (NYSE: LPI) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Laredo Petroleum Inc. (LPI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.46, or -0.69%, to $66. Volume reached 17,134 shares, with price reaching a high of $67.5 and a low of $66. Recently, Yahoo Finance discussed the stock, revealing that Laredo Petroleum Announces Second-Quarter 2022 Financial and Operating Results.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $66.46 and fluctuated between $78.40 as its day high and $66.16 as its day low. The current market capitalization of Laredo Petroleum Inc. is $1.09B. A total of 2.26 million shares were traded on the day, compared to an average of 846.51K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, LPI has seen 3 BUY and 6 SELL insider trades, representing the acquisition of 1,275 and the disposition of 21,442 shares. Over the last 12 months, there were 23 BUYs and 39 SELLs from insiders. Insiders purchased 136,401 shares during that period but sold 680,101.

In the most recent transaction, Lemmerman Bryan sold 10,522 shares of LPI for 62.84 per share on Jul 05. After the transaction, the Sr VP & CFO now owns 61,113 company shares. In a previous transaction on Jun 01, Denny Mark David sold 2,707 shares at 88.95 per share. LPI shares that SVP, Gen. Counsel & Secretary owns now total 18,452.

Among the insiders who sold shares, Denny Mark David disposed of 2,626 shares on May 02 at a per-share price of $69.70. This resulted in the SVP, Gen. Counsel & Secretary holding 21,159 shares of LPI after the transaction. In another insider transaction, Denny Mark David sold 2,626 shares at $78.92 per share on Apr 01. Company shares held by the SVP, Gen. Counsel & Secretary now total 23,785.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for LPI in the last 3 months, the mean price target is $121.13 with high estimates of $172.00 and low estimates of $85.00. In terms of 52-week highs and lows, LPI has a high of $120.86 and a low of $36.25.

As of this writing, LPI has an earnings estimate of $8.41 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $11.09 per share and a lower estimate of $6.39. The company reported an EPS of $7.5 in the last quarter, which was 0.13% higher than expectations of $7.49.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LPI is Overweight with a score of 4.13. A total of 4 analysts rated the stock as Buy while 2 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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