Laredo Petroleum Inc. (NYSE:LPI) went down by -17.63% from its latest closing price compared to the recent 1-year high of $120.86. The company’s stock price has collected -21.16% of loss in the last five trading sessions.
Is It Worth Investing in Laredo Petroleum Inc. (NYSE :LPI) Right Now?
Laredo Petroleum Inc. (NYSE:LPI) scored a price-to-earnings ratio above its average ratio, recording 12.55 x from its present earnings ratio. Plus, the 36-month beta value for LPI is at 3.54. Opinions of the stock are interesting as 4 analysts out of 8 who provided ratings for Laredo Petroleum Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $121.13, which is $57.16 above the current price. LPI currently public float of 16.18M and currently shorts hold a 8.35% ratio of that float. Today, the average trading volume of LPI was 846.51K shares.
LPI’s Market Performance
LPI stocks went down by -21.16% for the week, with a monthly jump of 3.80% and a quarterly performance of -14.79%, while its annual performance rate touched 41.28%. The volatility ratio for the week stands at 8.83% while the volatility levels for the past 30 days are set at 7.20% for Laredo Petroleum Inc. The simple moving average for the period of the last 20 days is -12.20% for LPI stocks with a simple moving average of -10.01% for the last 200 days.
Analysts’ Opinion of LPI
Many brokerage firms have already submitted their reports for LPI stocks, with Piper Sandler repeating the rating for LPI by listing it as a “Overweight.” The predicted price for LPI in the upcoming period, according to Piper Sandler is $115 based on the research report published on April 07th of the current year 2022.
Siebert Williams Shank, on the other hand, stated in their research note that they expect to see LPI reach a price target of $120, previously predicting the price at $86. The rating they have provided for LPI stocks is “Buy” according to the report published on March 03rd, 2022.
Siebert Williams Shank gave a rating of “Hold” to LPI, setting the target price at $66 in the report published on July 08th of the previous year.
LPI Trading at -19.47% from the 50-Day Moving Average
After a stumble in the market that brought LPI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.01% of loss for the given period.
Volatility was left at 7.20%, however, over the last 30 days, the volatility rate increased by 8.83%, as shares sank -1.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.25% lower at present.
During the last 5 trading sessions, LPI fell by -21.16%, which changed the moving average for the period of 200-days by -10.07% in comparison to the 20-day moving average, which settled at $75.64. In addition, Laredo Petroleum Inc. saw 10.53% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at LPI starting from Lemmerman Bryan, who sale 10,522 shares at the price of $62.84 back on Jul 05. After this action, Lemmerman Bryan now owns 61,113 shares of Laredo Petroleum Inc., valued at $661,201 using the latest closing price.
Denny Mark David, the SVP, Gen. Counsel & Secretary of Laredo Petroleum Inc., sale 2,707 shares at $88.95 during a trade that took place back on Jun 01, which means that Denny Mark David is holding 18,452 shares at $240,788 based on the most recent closing price.
Stock Fundamentals for LPI
Current profitability levels for the company are sitting at:
- +45.78 for the present operating margin
- +50.29 for the gross margin
The net margin for Laredo Petroleum Inc. stands at +10.40. Equity return is now at value 53.10, with 5.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.