Laredo Petroleum Company Profile (NYSE:LPI)

About Laredo Petroleum (NYSE:LPI)

Laredo Petroleum logoLaredo Petroleum, Inc. (Laredo) is an independent energy company. The Company is focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties primarily in the Permian Basin in West Texas. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing. The exploration and production of oil and natural gas properties are conducted by it through the exploration and development of its acreage in the Permian Basin. As of December 31, 2016, it had assembled 127,847 net acres in the Permian Basin and had total proved reserves, presented on a three-stream basis, of 167,100 thousand of barrels of oil equivalent (MBOE). The Midstream and marketing segment's operations are conducted by its subsidiary, Laredo Midstream Services, LLC, which buys, sells, gathers and transports oil, natural gas and water primarily for the account of Laredo.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Exploration and Production
  • Sub-Industry: Oil & Gas Exploration & Production
  • Symbol: NYSE:LPI
  • CUSIP: 51680610
  • Web: www.laredopetro.com
Capitalization:
  • Market Cap: $2.81 billion
  • Outstanding Shares: 242,505,000
Average Prices:
  • 50 Day Moving Avg: $12.52
  • 200 Day Moving Avg: $12.22
  • 52 Week Range: $9.57 - $16.47
P/E:
  • Trailing P/E Ratio: 23.43
  • Foreward P/E Ratio: 16.57
  • P/E Growth: -0.87
Sales & Book Value:
  • Annual Revenue: $720.06 million
  • Price / Sales: 3.91
  • Book Value: $1.36 per share
  • Price / Book: 8.53
Profitability:
  • EBITDA: $195.8 million
  • Net Margins: 16.73%
  • Return on Equity: 49.15%
  • Return on Assets: 6.36%
Debt:
  • Debt-to-Equity Ratio: 4.29%
  • Current Ratio: 0.97%
  • Quick Ratio: 0.97%
Misc:
  • Average Volume: 3.11 million shs.
  • Beta: 1.45
  • Short Ratio: 5.13
 

Frequently Asked Questions for Laredo Petroleum (NYSE:LPI)

What is Laredo Petroleum's stock symbol?

Laredo Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "LPI."

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum, Inc. (NYSE:LPI) released its earnings results on Monday, August, 7th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.11 by $0.01. The business had revenue of $187 million for the quarter, compared to analysts' expectations of $173.32 million. Laredo Petroleum had a net margin of 16.73% and a return on equity of 49.15%. The business's quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 earnings per share. View Laredo Petroleum's Earnings History.

Where is Laredo Petroleum's stock going? Where will Laredo Petroleum's stock price be in 2017?

18 brokerages have issued 1-year price targets for Laredo Petroleum's stock. Their predictions range from $9.50 to $18.75. On average, they expect Laredo Petroleum's stock price to reach $14.73 in the next twelve months. View Analyst Ratings for Laredo Petroleum.

What are analysts saying about Laredo Petroleum stock?

Here are some recent quotes from research analysts about Laredo Petroleum stock:

  • 1. According to Zacks Investment Research, "Laredo Petroleum Holdings, Inc. is engaged in the exploration, development and acquisition of oil and natural gas properties in the Permian and Mid-Continent regions of the United States. Laredo Petroleum Holdings, Inc. is headquartered in Tulsa, Oklahoma. " (10/20/2017)
  • 2. Williams Capital analysts commented, "We expect management to provide additional details on current operations on the earnings call this morning (August 8 th ) at 8:30 AM ET. Overall, we view the results and update as a slight positive." (8/8/2017)
  • 3. FBR & Co analysts commented, "We are updating our model for marked-to-market commodity prices and the latest financial and operations data, including 1Q17 results." (5/12/2017)
  • 4. KLR Group analysts commented, "We are increasing our LPI target price $1 to $18 per share due to approximately 1% higher oil composition and slightly higher liquids price realizations. Our '17 production growth expectation approximates guide (~15%). Laredo's mid-cycle capital yield of approximately 165% is solidly above the industry median cash recycle ratio of ~140%." (2/16/2017)

Who are some of Laredo Petroleum's key competitors?

Who are Laredo Petroleum's key executives?

Laredo Petroleum's management team includes the folowing people:

  • Randy A. Foutch, Chairman of the Board, Chief Executive Officer
  • Richard C. Buterbaugh, Chief Financial Officer, Executive Vice President
  • Kenneth E. Dornblaser, Senior Vice President, General Counsel
  • Patrick J. Curth, Senior Vice President - Exploration and Land
  • Daniel C. Schooley, Senior Vice President - Operations
  • Michael T. Beyer, Chief Accounting Officer, Vice President, Controller
  • Edmund P. Segner III, Lead Independent Director
  • Peter Randall Kagan, Independent Director
  • James R. Levy, Independent Director
  • B.Z. Parker, Independent Director

How do I buy Laredo Petroleum stock?

Shares of Laredo Petroleum can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Laredo Petroleum's stock price today?

One share of Laredo Petroleum stock can currently be purchased for approximately $11.60.


MarketBeat Community Rating for Laredo Petroleum (NYSE LPI)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  341 (Vote Outperform)
Underperform Votes:  440 (Vote Underperform)
Total Votes:  781
MarketBeat's community ratings are surveys of what our community members think about Laredo Petroleum and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Laredo Petroleum (NYSE:LPI) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 8 Hold Ratings, 8 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $14.73 (27.00% upside)
Consensus Price Target History for Laredo Petroleum (NYSE:LPI)
Price Target History for Laredo Petroleum (NYSE:LPI)
Analysts' Ratings History for Laredo Petroleum (NYSE:LPI)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/18/2017Williams CapitalBoost Price TargetHold -> Hold$13.00 -> $14.00N/AView Rating Details
10/10/2017BMO Capital MarketsSet Price TargetHold$14.00N/AView Rating Details
10/9/2017Seaport Global SecuritiesReiterated RatingNeutral$10.00 -> $9.50N/AView Rating Details
10/4/2017Stifel NicolausReiterated RatingBuy$17.00LowView Rating Details
9/18/2017Piper Jaffray CompaniesLower Price TargetOverweight$17.00 -> $15.00LowView Rating Details
9/17/2017Cowen and CompanyReiterated RatingHold$12.00LowView Rating Details
9/1/2017KeyCorpReiterated RatingHoldMediumView Rating Details
8/8/2017Bank of America CorporationBoost Price TargetUnderperform$11.00 -> $13.00LowView Rating Details
7/1/2017ScotiabankSet Price TargetHold$13.00LowView Rating Details
6/2/2017Credit Suisse GroupReiterated RatingUnderperform$15.00LowView Rating Details
5/31/2017J P Morgan Chase & CoLower Price TargetNeutral$14.00 -> $13.00LowView Rating Details
5/15/2017StephensUpgradeUnderweight -> HoldMediumView Rating Details
5/12/2017FBR & CoReiterated RatingBuy$16.00LowView Rating Details
4/20/2017Barclays PLCReiterated RatingBuy$19.00 -> $18.00LowView Rating Details
2/16/2017KLR GroupBoost Price TargetBuy$17.00 -> $18.00N/AView Rating Details
1/20/2017SunTrust Banks, Inc.UpgradeHold -> BuyN/AView Rating Details
1/18/2017Tudor PickeringUpgradeHold -> BuyN/AView Rating Details
12/21/2016Drexel HamiltonReiterated RatingBuy$18.75N/AView Rating Details
9/8/2016Raymond James Financial, Inc.Boost Price TargetOutperform$16.00 -> $17.00N/AView Rating Details
8/24/2016Capital One Financial CorporationUpgradeEqual Weight -> Overweight$15.00N/AView Rating Details
6/21/2016NomuraReiterated RatingNeutral$10.00 -> $11.00N/AView Rating Details
6/16/2016Deutsche Bank AGReiterated RatingHold$9.00N/AView Rating Details
6/14/2016Iberia CapitalUpgradeSector Perform -> Outperform$8.00 -> $14.00N/AView Rating Details
5/26/2016Imperial CapitalInitiated CoverageIn -> In-Line$12.50N/AView Rating Details
5/11/2016Topeka Capital MarketsBoost Price TargetBuy$14.00 -> $15.00N/AView Rating Details
5/9/2016Alembic Global AdvisorsUpgradeNeutral -> Overweight$7.00 -> $16.00N/AView Rating Details
3/30/2016Citigroup Inc.DowngradeSell$5.00N/AView Rating Details
2/5/2016Robert W. BairdLower Price Target$14.00 -> $8.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Laredo Petroleum (NYSE:LPI)
Earnings by Quarter for Laredo Petroleum (NYSE:LPI)
Earnings History by Quarter for Laredo Petroleum (NYSE LPI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/7/2017Q2 2017$0.11$0.10$173.32 million$187.00 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.11$0.10$164.39 million$189.00 millionViewListenView Earnings Details
2/15/2017Q4 2016$0.16$0.16$159.83 million$184.31 millionViewListenView Earnings Details
11/2/2016Q316$0.12$0.12$150.09 million$159.70 millionViewListenView Earnings Details
8/3/2016Q2$0.10$0.13$138.30 million$146.77 millionViewListenView Earnings Details
5/4/2016Q1$0.06$0.08$118.15 million$106.55 millionViewListenView Earnings Details
2/16/2016Q4$0.10$0.06$151.92 million$115.90 millionViewListenView Earnings Details
11/5/2015Q315$0.07$0.07$151.61 million$150.34 millionViewListenView Earnings Details
8/6/2015Q215$0.05$0.05$162.12 million$182.33 millionViewListenView Earnings Details
5/7/2015Q1$0.01$0.03$169.39 million$150.64 millionViewListenView Earnings Details
2/26/2015Q4$0.14$0.15$200.47 million$237.29 millionViewListenView Earnings Details
11/6/2014Q113$0.17$0.19$199.53 million$200.20 millionViewListenView Earnings Details
8/7/2014Q2$0.17$0.14$190.23 million$183.00 millionViewListenView Earnings Details
5/8/2014Q1$0.14$0.49$169.86 million$173.20 millionViewListenView Earnings Details
2/27/2014Q4$0.09$0.13$151.27 million$153.40 millionViewListenView Earnings Details
11/7/2013$0.15$0.15$169.99 million$170.80 millionViewListenView Earnings Details
8/8/2013Q2 2013$0.16$0.16ViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Laredo Petroleum (NYSE:LPI)
2017 EPS Consensus Estimate: $0.49
2018 EPS Consensus Estimate: $0.69
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20177$0.09$0.13$0.10
Q2 20177$0.10$0.14$0.12
Q3 20177$0.03$0.15$0.12
Q4 20177$0.13$0.16$0.15
Q1 20184$0.10$0.16$0.14
Q2 20184$0.11$0.23$0.17
Q3 20183$0.13$0.25$0.19
Q4 20183$0.13$0.27$0.20
Q1 20191$0.26$0.26$0.26
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Laredo Petroleum (NYSE:LPI)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Laredo Petroleum (NYSE:LPI)
Insider Ownership Percentage: 1.40%
Insider Trades by Quarter for Laredo Petroleum (NYSE:LPI)
Institutional Ownership by Quarter for Laredo Petroleum (NYSE:LPI)
Insider Trades by Quarter for Laredo Petroleum (NYSE:LPI)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/31/2017Patrick J CurthVPSell43,830$14.41$631,590.30View SEC Filing  
3/31/2017Peter KaganDirectorSell163,207$14.34$2,340,388.38View SEC Filing  
8/29/2016Patrick J CurthVPSell17,000$12.57$213,690.00View SEC Filing  
2/19/2016Randy A FoutchCEOBuy22,072$4.52$99,765.44View SEC Filing  
2/19/2016Richard C ButerbaughCFOBuy25,000$4.18$104,500.00View SEC Filing  
5/11/2015Patrick J CurthVPSell15,200$13.47$204,744.00View SEC Filing  
3/26/2015Pincus Private Equity WarburgMajor ShareholderBuy42,153,744$11.05$465,798,871.20View SEC Filing  
8/14/2014L F Rooney IIIDirectorBuy20,882$23.50$490,727.00View SEC Filing  
6/11/2014Randy A FoutchCEOSell70,000$28.93$2,025,100.00View SEC Filing  
6/10/2014Patrick J CurthVPSell10,080$28.74$289,699.20View SEC Filing  
3/4/2014John MintonInsiderSell12,806$26.51$339,487.06View SEC Filing  
3/4/2014Patrick CurthVPSell12,850$27.23$349,905.50View SEC Filing  
2/25/2014Jerry SchuylerInsiderSell9,000$27.53$247,770.00View SEC Filing  
2/13/2014Jerry SchuylerInsiderSell7,000$26.63$186,410.00View SEC Filing  
1/31/2014Jerry SchuylerInsiderSell7,000$24.77$173,390.00View SEC Filing  
1/14/2014Jerry SchuylerInsiderSell7,000$23.93$167,510.00View SEC Filing  
1/10/2014John MintonInsiderSell22,284$24.34$542,392.56View SEC Filing  
12/27/2013Jerry SchuylerInsiderSell7,000$27.64$193,480.00View SEC Filing  
12/11/2013Jerry SchuylerInsiderSell7,000$25.46$178,220.00View SEC Filing  
11/26/2013Jerry SchuylerInsiderSell30,444$29.06$884,702.64View SEC Filing  
11/25/2013Jerry SchuylerInsiderSell136,506$28.99$3,957,308.94View SEC Filing  
11/14/2013Jerry SchuylerInsiderSell7,000$29.62$207,340.00View SEC Filing  
10/21/2013Jerry R SchuylerInsiderSell7,000$33.55$234,850.00View SEC Filing  
10/10/2013Jerry SchuylerInsiderSell7,000$30.47$213,290.00View SEC Filing  
9/26/2013Jerry SchuylerInsiderSell7,000$29.81$208,670.00View SEC Filing  
9/25/2013Jerry SchuylerInsiderSell50,000$29.35$1,467,500.00View SEC Filing  
9/10/2013Jerry R SchuylerInsiderSell7,000$26.76$187,320.00View SEC Filing  
8/27/2013Peter KaganDirectorSell1,577,583$22.98$36,252,857.34View SEC Filing  
8/26/2013Jerry SchuylerInsiderSell7,000$26.31$184,170.00View SEC Filing  
8/19/2013John MintonVPSell10,000$23.75$237,500.00View SEC Filing  
8/19/2013Peter KaganDirectorSell2,890,000$22.98$66,412,200.00View SEC Filing  
8/19/2013Randy FoutchCEOSell100,000$23.75$2,375,000.00View SEC Filing  
6/25/2013Jerry R SchuylerCOOSell20,000$20.25$405,000.00View SEC Filing  
6/20/2013Patrick J CurthVPSell15,000$20.40$306,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Laredo Petroleum (NYSE:LPI)
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Laredo Petroleum (LPI) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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