Laredo 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:
- Industry: Independent Oil & Gas
- Sub-Industry: Oil & Gas Exploration & Production
- Symbol: NYSE:LPI
- CUSIP: 51680610
- Web: www.laredopetro.com
Capitalization:- Market Cap: $3.02 billion
- Outstanding Shares: 239,183,000
Average Prices:- 50 Day Moving Avg: $12.97
- 200 Day Moving Avg: $13.77
- 52 Week Range: $9.20 - $16.47
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 16.19
- P/E Growth: 0.56
Sales & Book Value:- Annual Revenue: $679.83 million
- Price / Sales: 4.44
- Book Value: $1.06 per share
- Price / Book: 11.92
Profitability:- EBIDTA: $136.05 million
- Net Margins: -225.04%
- Return on Equity: 123.07%
- Return on Assets: 5.09%
Debt:- Debt-to-Equity Ratio: 7.23%
- Current Ratio: 1.19%
- Quick Ratio: 1.19%
Misc:- Average Volume: 3.98 million shs.
- Beta: 1.47
- Short Ratio: 4.37
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 Wednesday, May, 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.11 by $0.01. The firm earned $189 million during the quarter, compared to analysts' expectations of $164.39 million. Laredo Petroleum had a positive return on equity of 123.07% and a negative net margin of 225.04%. The business's quarterly revenue was up 77.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 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?
20 brokers have issued 1-year price targets for Laredo Petroleum's stock. Their forecasts range from $9.00 to $18.75. On average, they anticipate Laredo Petroleum's share price to reach $14.98 in the next year. 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. 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)
- 2. 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. " (2/28/2017)
- 3. 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?
Some companies that are related to Laredo Petroleum include Range Resources Corp. (RRC), Energen (EGN), Crescent Point Energy (CPG), National Fuel Gas (NFG), Chesapeake Energy (CHK), WPX Energy (WPX), Murphy Oil (MUR), Rice Energy (RICE), CONSOL Energy (CNX), PDC Energy (PDCE), Southwestern Energy Company (SWN), Black Stone Minerals LP (BSM), Gulfport Energy (GPOR), Kosmos Energy Ltd (KOS), Rice Midstream Partners LP (RMP), Oasis Petroleum (OAS), Callon Petroleum Company (CPE) and Matador Resources Co (MTDR).
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
Who owns Laredo Petroleum stock?
Laredo Petroleum's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Warburg Pincus LLC (32.47%), Vanguard Group Inc. (6.26%), Van ECK Associates Corp (3.46%), BlackRock Inc. (3.19%), State Street Corp (2.10%) and Wellington Management Group LLP (1.81%). Company insiders that own Laredo Petroleum stock include Patrick J Curth, Peter Kagan, Randy A Foutch and Richard C Buterbaugh. View Institutional Ownership Trends for Laredo Petroleum.
Who sold Laredo Petroleum stock? Who is selling Laredo Petroleum stock?
Laredo Petroleum's stock was sold by a variety of institutional investors in the last quarter, including Warburg Pincus LLC, UBS Asset Management Americas Inc., Van ECK Associates Corp, Teachers Retirement System of The State of Kentucky, Wafra Investment Advisory Group Inc. NY, Goldman Sachs Group Inc., TIAA CREF Investment Management LLC and Teachers Advisors LLC. Company insiders that have sold Laredo Petroleum stock in the last year include Patrick J Curth and Peter Kagan. View Insider Buying and Selling for Laredo Petroleum.
Who bought Laredo Petroleum stock? Who is buying Laredo Petroleum stock?
Laredo Petroleum's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Point72 Asset Management L.P., Impala Asset Management LLC, Dimensional Fund Advisors LP, Jennison Associates LLC, Wellington Management Group LLP and Prudential Financial Inc.. Company insiders that have bought Laredo Petroleum stock in the last two years include Randy A Foutch and Richard C Buterbaugh. View Insider Buying and Selling for Laredo Petroleum.
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 $12.63.
MarketBeat Community Rating for Laredo Petroleum (NYSE LPI)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.
Earnings History for Laredo Petroleum (NYSE:LPI)Earnings History by Quarter for Laredo Petroleum (NYSE LPI)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 5/3/2017 | Q1 2017 | $0.11 | $0.10 | $164.39 million | $189.00 million | View | Listen |  |
| 2/15/2017 | Q4 2016 | $0.16 | $0.16 | $159.83 million | $184.31 million | View | Listen | |
| 11/2/2016 | Q316 | $0.12 | $0.12 | $150.09 million | $159.70 million | View | Listen | |
| 8/3/2016 | Q2 | $0.10 | $0.13 | $138.30 million | $146.77 million | View | Listen | |
| 5/4/2016 | Q1 | $0.06 | $0.08 | $118.15 million | $106.55 million | View | Listen | |
| 2/16/2016 | Q4 | $0.10 | $0.06 | $151.92 million | $115.90 million | View | Listen | |
| 11/5/2015 | Q315 | $0.07 | $0.07 | $151.61 million | $150.34 million | View | Listen | |
| 8/6/2015 | Q215 | $0.05 | $0.05 | $162.12 million | $182.33 million | View | Listen | |
| 5/7/2015 | Q1 | $0.01 | $0.03 | $169.39 million | $150.64 million | View | Listen | |
| 2/26/2015 | Q4 | $0.14 | $0.15 | $200.47 million | $237.29 million | View | Listen | |
| 11/6/2014 | Q113 | $0.17 | $0.19 | $199.53 million | $200.20 million | View | Listen | |
| 8/7/2014 | Q2 | $0.17 | $0.14 | $190.23 million | $183.00 million | View | Listen | |
| 5/8/2014 | Q1 | $0.14 | $0.49 | $169.86 million | $173.20 million | View | Listen | |
| 2/27/2014 | Q4 | $0.09 | $0.13 | $151.27 million | $153.40 million | View | Listen | |
| 11/7/2013 | | $0.15 | $0.15 | $169.99 million | $170.80 million | View | Listen | |
| 8/8/2013 | Q2 2013 | $0.16 | $0.16 | | | View | Listen | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Laredo Petroleum (NYSE:LPI)2017 EPS Consensus Estimate: $0.52
2018 EPS Consensus Estimate: $0.76
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 7 | $0.09 | $0.13 | $0.10 |
| Q2 2017 | 7 | $0.10 | $0.15 | $0.12 |
| Q3 2017 | 7 | $0.11 | $0.17 | $0.14 |
| Q4 2017 | 7 | $0.13 | $0.21 | $0.16 |
| Q1 2018 | 4 | $0.15 | $0.21 | $0.17 |
| Q2 2018 | 4 | $0.16 | $0.23 | $0.19 |
| Q3 2018 | 3 | $0.15 | $0.25 | $0.19 |
| Q4 2018 | 3 | $0.16 | $0.27 | $0.21 |
| Q1 2019 | 1 | $0.26 | $0.26 | $0.26 |
(Data provided by Zacks Investment Research)
Dividend History for Laredo Petroleum (NYSE:LPI)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Laredo Petroleum (NYSE:LPI)Insider Ownership Percentage: 1.50%
Insider Trades by Quarter for Laredo Petroleum (NYSE:LPI)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/31/2017 | Patrick J Curth | VP | Sell | 43,830 | $14.41 | $631,590.30 | |
| 3/31/2017 | Peter Kagan | Director | Sell | 163,207 | $14.34 | $2,340,388.38 | |
| 8/29/2016 | Patrick J Curth | VP | Sell | 17,000 | $12.57 | $213,690.00 | |
| 2/19/2016 | Randy A Foutch | CEO | Buy | 22,072 | $4.52 | $99,765.44 | |
| 2/19/2016 | Richard C Buterbaugh | CFO | Buy | 25,000 | $4.18 | $104,500.00 | |
| 5/11/2015 | Patrick J Curth | VP | Sell | 15,200 | $13.47 | $204,744.00 | |
| 3/26/2015 | Pincus Private Equity Warburg | Major Shareholder | Buy | 42,153,744 | $11.05 | $465,798,871.20 | |
| 8/14/2014 | L F Rooney III | Director | Buy | 20,882 | $23.50 | $490,727.00 | |
| 6/11/2014 | Randy A Foutch | CEO | Sell | 70,000 | $28.93 | $2,025,100.00 | |
| 6/10/2014 | Patrick J Curth | VP | Sell | 10,080 | $28.74 | $289,699.20 | |
| 3/4/2014 | John Minton | Insider | Sell | 12,806 | $26.51 | $339,487.06 | |
| 3/4/2014 | Patrick Curth | VP | Sell | 12,850 | $27.23 | $349,905.50 | |
| 2/25/2014 | Jerry Schuyler | Insider | Sell | 9,000 | $27.53 | $247,770.00 | |
| 2/13/2014 | Jerry Schuyler | Insider | Sell | 7,000 | $26.63 | $186,410.00 | |
| 1/31/2014 | Jerry Schuyler | Insider | Sell | 7,000 | $24.77 | $173,390.00 | |
| 1/14/2014 | Jerry Schuyler | Insider | Sell | 7,000 | $23.93 | $167,510.00 | |
| 1/10/2014 | John Minton | Insider | Sell | 22,284 | $24.34 | $542,392.56 | |
| 12/27/2013 | Jerry Schuyler | Insider | Sell | 7,000 | $27.64 | $193,480.00 | |
| 12/11/2013 | Jerry Schuyler | Insider | Sell | 7,000 | $25.46 | $178,220.00 | |
| 11/26/2013 | Jerry Schuyler | Insider | Sell | 30,444 | $29.06 | $884,702.64 | |
| 11/25/2013 | Jerry Schuyler | Insider | Sell | 136,506 | $28.99 | $3,957,308.94 | |
| 11/14/2013 | Jerry Schuyler | Insider | Sell | 7,000 | $29.62 | $207,340.00 | |
| 10/21/2013 | Jerry R Schuyler | Insider | Sell | 7,000 | $33.55 | $234,850.00 | |
| 10/10/2013 | Jerry Schuyler | Insider | Sell | 7,000 | $30.47 | $213,290.00 | |
| 9/26/2013 | Jerry Schuyler | Insider | Sell | 7,000 | $29.81 | $208,670.00 | |
| 9/25/2013 | Jerry Schuyler | Insider | Sell | 50,000 | $29.35 | $1,467,500.00 | |
| 9/10/2013 | Jerry R Schuyler | Insider | Sell | 7,000 | $26.76 | $187,320.00 | |
| 8/27/2013 | Peter Kagan | Director | Sell | 1,577,583 | $22.98 | $36,252,857.34 | |
| 8/26/2013 | Jerry Schuyler | Insider | Sell | 7,000 | $26.31 | $184,170.00 | |
| 8/19/2013 | John Minton | VP | Sell | 10,000 | $23.75 | $237,500.00 | |
| 8/19/2013 | Peter Kagan | Director | Sell | 2,890,000 | $22.98 | $66,412,200.00 | |
| 8/19/2013 | Randy Foutch | CEO | Sell | 100,000 | $23.75 | $2,375,000.00 | |
| 6/25/2013 | Jerry R Schuyler | COO | Sell | 20,000 | $20.25 | $405,000.00 | |
| 6/20/2013 | Patrick J Curth | VP | Sell | 15,000 | $20.40 | $306,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Laredo Petroleum (NYSE:LPI)
Latest Headlines for Laredo Petroleum (NYSE:LPI)
| Source: |
|
| Date | Headline |
|---|
 | Laredo Petroleum, Inc. :LPI-US: Earnings Analysis: Q1, 2017 By the Numbers : May 29, 2017
finance.yahoo.com - May 29 at 5:54 PM |
 | Scotiabank Reiterates Hold Rating for Laredo Petroleum Inc (LPI)
www.americanbankingnews.com - May 29 at 12:20 PM |
| Laredo Petroleum Inc (LPI) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - May 26 at 4:53 PM |
| Q2 2017 EPS Estimates for Laredo Petroleum Inc Decreased by Seaport Global Securities (LPI)
www.americanbankingnews.com - May 25 at 7:22 AM |
| Laredo Petroleum Inc to Post Q2 2017 Earnings of $0.13 Per Share, KeyCorp Forecasts (LPI)
www.americanbankingnews.com - May 24 at 7:46 AM |
| These 5 Oil Companies Fell 10% or More in April: Time to Buy?
finance.yahoo.com - May 21 at 9:55 AM |
| Williams Capital Brokers Reduce Earnings Estimates for Laredo Petroleum Inc (LPI)
www.americanbankingnews.com - May 17 at 8:54 AM |
| Williams Capital Weighs in on Laredo Petroleum Inc's Q2 2017 Earnings (LPI)
www.americanbankingnews.com - May 16 at 8:02 AM |
| Laredo Petroleum Inc (LPI) Stock Rating Upgraded by Stephens
www.americanbankingnews.com - May 15 at 10:34 AM |
| Q2 2017 EPS Estimates for Laredo Petroleum Inc (LPI) Decreased by Analyst
www.americanbankingnews.com - May 15 at 7:46 AM |
| Laredo Petroleum Inc (LPI) Rating Reiterated by FBR & Co
www.americanbankingnews.com - May 12 at 5:20 PM |
| $0.13 Earnings Per Share Expected for Laredo Petroleum Inc (LPI) This Quarter
www.americanbankingnews.com - May 11 at 6:28 PM |
| Q3 2017 EPS Estimates for Laredo Petroleum Inc (LPI) Boosted by Analyst
www.americanbankingnews.com - May 8 at 8:52 AM |
| Laredo Petroleum Inc to Post Q2 2017 Earnings of $0.11 Per Share, Williams Capital Forecasts (LPI)
www.americanbankingnews.com - May 8 at 8:26 AM |
| Laredo Petroleum's (LPI) "Hold" Rating Reiterated at BMO Capital Markets
www.americanbankingnews.com - May 7 at 3:34 PM |
| Laredo Petroleum Inc (LPI) Receives Hold Rating from Scotiabank
www.americanbankingnews.com - May 7 at 11:16 AM |
| Laredo Petroleum Inc (LPI) PT Set at $16.00 by Williams Capital
www.americanbankingnews.com - May 7 at 12:28 AM |
| Laredo Petroleum Inc (LPI) Upgraded at TheStreet
www.americanbankingnews.com - May 6 at 11:52 PM |
| FY2019 EPS Estimates for Laredo Petroleum Inc Lowered by Analyst (LPI)
www.americanbankingnews.com - May 5 at 7:58 PM |
| Edited Transcript of LPI earnings conference call or presentation 4-May-17 12:30pm GMT
finance.yahoo.com - May 5 at 6:20 PM |
| Laredo Petroleum Inc (LPI) to Post Q3 2017 Earnings of $0.17 Per Share, Capital One Financial Corp. Forecasts
www.americanbankingnews.com - May 5 at 11:22 AM |
| Laredo Petroleum Inc (LPI) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS
www.americanbankingnews.com - May 4 at 1:35 AM |
| Laredo Petroleum (LPI) Receiving Somewhat Favorable News Coverage, Analysis Finds
www.americanbankingnews.com - May 4 at 1:22 AM |
| Laredo Petroleum Inc (LPI) Posts Earnings Results
www.americanbankingnews.com - May 4 at 1:10 AM |
 | BRIEF-Laredo petroleum announces 2017 Q1 financial and operating results
www.reuters.com - May 3 at 10:28 PM |
| Laredo Petroleum misses 1Q profit forecasts - Yahoo Finance
finance.yahoo.com - May 3 at 5:27 PM |
 | Laredo Petroleum Announces 2017 First-Quarter Financial and Operating Results - GlobeNewswire (press release)
globenewswire.com - May 3 at 5:27 PM |
| Laredo Petroleum Announces 2017 First-Quarter Financial and Operating Results
finance.yahoo.com - May 3 at 5:27 PM |
| Laredo Petroleum misses 1Q profit forecasts
finance.yahoo.com - May 3 at 5:27 PM |
| Laredo Petroleum Inc (LPI) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - May 1 at 8:06 PM |
| Laredo Petroleum (LPI) Receives Daily Media Sentiment Rating of 0.15
www.americanbankingnews.com - April 28 at 10:34 PM |
| $167.35 Million in Sales Expected for Laredo Petroleum Inc (LPI) This Quarter
www.americanbankingnews.com - April 28 at 1:04 AM |
| Laredo Petroleum Inc (LPI) Receives "Buy" Rating from Barclays PLC
www.americanbankingnews.com - April 26 at 8:54 AM |
| Laredo Petroleum Inc (LPI) to Post Q1 2017 Earnings of $0.13 Per Share, Capital One Financial Corp. Forecasts
www.americanbankingnews.com - April 26 at 8:43 AM |
| Williams Capital Weighs in on Laredo Petroleum Inc's Q1 2017 Earnings (LPI)
www.americanbankingnews.com - April 26 at 8:43 AM |
| Somewhat Favorable News Coverage Likely to Affect Laredo Petroleum (LPI) Stock Price
www.americanbankingnews.com - April 25 at 9:38 PM |
| Williams Capital Comments on Laredo Petroleum Inc's FY2019 Earnings (LPI)
www.americanbankingnews.com - April 25 at 3:44 PM |
| Zacks: Analysts Anticipate Laredo Petroleum Inc (LPI) Will Announce Quarterly Sales of $170.04 Million
www.americanbankingnews.com - April 22 at 7:21 AM |
| Somewhat Positive Media Coverage Very Likely to Impact Laredo Petroleum (LPI) Stock Price
www.americanbankingnews.com - April 21 at 9:50 PM |
| Laredo Petroleum, Inc. – Value Analysis (NYSE:LPI) : April 21, 2017
finance.yahoo.com - April 21 at 6:12 PM |
| Q1 2018 EPS Estimates for Laredo Petroleum Inc Cut by KeyCorp (LPI)
www.americanbankingnews.com - April 21 at 4:06 PM |
| Q1 2017 EPS Estimates for Laredo Petroleum Inc (LPI) Decreased by Seaport Global Securities
www.americanbankingnews.com - April 21 at 8:03 AM |
| Laredo Petroleum Inc (LPI) Expected to Post Earnings of $0.12 Per Share
www.americanbankingnews.com - April 21 at 12:13 AM |
 | Laredo Petroleum (LPI) Shares Cross Below 200 DMA
www.nasdaq.com - April 20 at 6:25 PM |
| Laredo Petroleum, Inc. breached its 50 day moving average in a Bearish Manner : LPI-US : April 20, 2017
finance.yahoo.com - April 20 at 6:25 PM |
| Laredo Petroleum Inc Forecasted to Earn FY2017 Earnings of $0.58 Per Share (LPI)
www.americanbankingnews.com - April 20 at 12:50 PM |
| Q1 2017 EPS Estimates for Laredo Petroleum Inc Lowered by KeyCorp (LPI)
www.americanbankingnews.com - April 20 at 8:41 AM |
| Somewhat Negative News Coverage Likely to Affect Laredo Petroleum (LPI) Stock Price
www.americanbankingnews.com - April 18 at 7:33 PM |
| Commit To Purchase Laredo Petroleum At $13, Earn 18.2% Annualized Using Options
www.nasdaq.com - April 18 at 5:46 PM |
| BRIEF-Laredo Petroleum says Q1 earnings conf. call on May 4 and provides commodity derivatives update
www.reuters.com - April 17 at 5:38 PM |
Laredo Petroleum (LPI) Chart for Tuesday, May, 30, 2017
