Should one be buying Laredo Petroleum, Inc. (NYSE:LPI)?

Laredo Petroleum, Inc. (NYSE:LPI) moved up 2.77% and closed its last trading session at $12.99. This Oils-Energy Sector stock currently has the Market Capitalization of 3.14 Billion. The Average Volume for the stock is measured as 3.63 Million. The Stock has a 52-Week High of $13.93 and 52-Week Low of $3.9 following the dates, it touched its 52-Week High on Oct 6, 2016 and 52-Week Low on Feb 19, 2016. Currently, the Return on Assets value for the trailing twelve months is -104.6% with the Return on Equity and Return on Investment of -697.6% and -150.3% respectively. This firm currently has YTD (year to date) performance of 62.58 Percent which is awesome. The Short Ratio for the stock is 5.6.

Laredo Petroleum, Inc. (NYSE:LPI) Price to Earnings (P/E) ratio is 0. EPS or Earning per Share stands at $-9.76. The TTM operating margin is 0 percent.

Laredo Petroleum, Inc. (NYSE:LPI) is due to report its Earnings on Wed 2 Nov (In 7 Days). The estimated EPS for the current quarter is said to be $0.13. Following Earnings result, share price were DOWN 11 times out of last 19 Qtrs. The stock has added about 20.7% since it reported its last earnings. The Closing price of Laredo Petroleum, Inc. (NYSE:LPI) at Last Earnings was $10.47 as compared to the previous closing price of $12.64. The Predicted Move on the 7th day after Laredo Petroleum, Inc. (NYSE:LPI) will release its earnings at about 6%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Laredo Petroleum, Inc. (NYSE:LPI) beats earnings by 58%, The Stock Missed Earnings  2  times and has met earnings  3  times.

Earnings History:

We will discuss the past Quarters Earnings below:

Laredo Petroleum, Inc. (NYSE:LPI) reported its previous quarter on 08/03/2016 where it reported the Actual Earnings of $0.13. The Closing price before the company posted its earnings was $10.47. The Stock surged on the very next day of earnings and maintained its stock price at $10.96 by showing a % change of 4.68 percent from its previous closing price. The Next Day Volume after Earnings was reported as 9.91 Million. On the 7th day After Earnings Report, the stock hit its share price as $10.86 by showing 3.72% increase from the Stock price Before Earnings were reported.

On 05/04/2016, the stock reported the EPS of $0.08 where Analysts were projecting the EPS to be $0.05 showing a difference of $0.03. Thus Surprise Factor was there with 60 percent. Before Earnings Announcement on 05/04/2016, the firm had its stock price of $11.29. And immediately on the next day after earnings announcement, the stock inclined 11.6% and closed its trading session at $12.6. On 7th Day after earnings release, Laredo Petroleum, Inc. (NYSE:LPI) dropped to -1.06% from $11.29 to $11.17.

On 02/16/2016, Analysts were suspecting EPS of $0.11/share where Laredo Petroleum, Inc. (NYSE:LPI) reported its Actual EPS of $0.06. Thus showing a Surprise of -45.5 percent. The Closing Price of the stock before earnings was $4.79 while on the Next day the stock closed its trading session at $5.07 with a percentage change of 5.85% from the price of 4.79 before Earnings. The Stock Closing Price on the 7th day of earnings was $4.58.

Company Profile:

Laredo Petroleum, Inc. operates as an independent energy company in the United States. It focuses on the acquisition, exploration, and development of oil and natural gas properties, as well as the transportation of oil and natural gas primarily in the Permian Basin in West Texas. As of December 31, 2015, it had interests in the 135,408 net acres in the Permian Basin; and had total proved reserves of 125,698 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings, Inc. and changed its name to Laredo Petroleum, Inc. in December 2013. Laredo Petroleum, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma.