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:
  • Market Cap: $3.04829 billion
  • Outstanding Shares: 242,505,000
Average Prices:
  • 50 Day Moving Avg: $12.52
  • 200 Day Moving Avg: $12.27
  • 52 Week Range: $9.57 - $16.47
  • Trailing P/E Ratio: 23.22
  • Foreward P/E Ratio: 18.17
  • P/E Growth: -0.75
Sales & Book Value:
  • Annual Revenue: $720.06 million
  • Price / Sales: 4.22
  • Book Value: $1.36 per share
  • Price / Book: 9.22
  • EBITDA: $195.8 million
  • Net Margins: 16.73%
  • Return on Equity: 49.15%
  • Return on Assets: 6.36%
  • Debt-to-Equity Ratio: 4.29%
  • Current Ratio: 0.97%
  • Quick Ratio: 0.97%
  • Average Volume: 3.32 million shs.
  • Beta: 1.44
  • 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) announced its quarterly earnings results on Monday, August, 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by $0.01. The business had revenue of $187 million for the quarter, compared to the consensus estimate of $173.32 million. Laredo Petroleum had a net margin of 16.73% and a return on equity of 49.15%. The company's revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the previous year, the company earned $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 equities research analysts have issued 1-year price objectives for Laredo Petroleum's shares. Their predictions range from $9.50 to $18.75. On average, they anticipate Laredo Petroleum's share price to reach $14.73 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. 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. " (10/17/2017)
  • 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 $12.54.

MarketBeat Community Rating for Laredo Petroleum (NYSE LPI)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  340 (Vote Outperform)
Underperform Votes:  437 (Vote Underperform)
Total Votes:  777
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 (17.48% 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)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
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
8/8/2017Williams CapitalSet Price TargetHold$14.00LowView 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 10/17/2015 forward)


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)


Earnings Estimates for Laredo Petroleum (NYSE:LPI)
2017 EPS Consensus Estimate: $0.50
2018 EPS Consensus Estimate: $0.68
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20177$0.09$0.13$0.10
Q2 20177$0.10$0.14$0.12
Q3 20177$0.11$0.15$0.13
Q4 20177$0.13$0.16$0.15
Q1 20184$0.07$0.21$0.15
Q2 20184$0.08$0.23$0.16
Q3 20183$0.11$0.25$0.18
Q4 20183$0.11$0.27$0.19
Q1 20191$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

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)


Headline Trends for Laredo Petroleum (NYSE:LPI)
Latest Headlines for Laredo Petroleum (NYSE:LPI)
DateHeadline logoLaredo Petroleum Schedules Third-Quarter 2017 Earnings Conference Call for November 2 and Provides Commodity ... - GlobeNewswire (press release) - October 16 at 8:24 PM logoLaredo Petroleum Schedules Third-Quarter 2017 Earnings Conference Call for November 2 and Provides Commodity Derivatives Update - October 16 at 8:23 PM logoLaredo Petroleum, Inc. (LPI) Forecasted to Post FY2017 Earnings of $0.48 Per Share - October 11 at 8:12 AM logoLaredo Petroleum, Inc. (LPI) Expected to Announce Quarterly Sales of $180.03 Million - October 11 at 8:02 AM logoLaredo Petroleum, Inc. (LPI) Stock Rating Reaffirmed by BMO Capital Markets - October 10 at 9:32 PM logoQ3 2017 EPS Estimates for Laredo Petroleum, Inc. (LPI) Lifted by Seaport Global Securities - October 10 at 7:52 AM logoLaredo Petroleum, Inc. (LPI) Expected to Announce Earnings of $0.15 Per Share - October 9 at 6:26 PM logoLaredo Petroleum's (LPI) Neutral Rating Reaffirmed at Seaport Global Securities - October 9 at 5:06 PM logoBRIEF-LPI Capital says qtrly revenue of 406.8 million RGT - October 9 at 4:53 AM logoQ3 2017 EPS Estimates for Laredo Petroleum, Inc. Lifted by Analyst (LPI) - October 6 at 7:42 AM logoLaredo Petroleum, Inc. – Value Analysis (NYSE:LPI) : October 4, 2017 - October 5 at 3:01 PM logoShould You Expect Laredo Petroleum Inc (LPI) To Continue Delivering An ROE Of 72.22%? - October 5 at 3:00 PM logoQ3 2017 EPS Estimates for Laredo Petroleum, Inc. Cut by Analyst (LPI) - October 4 at 7:46 AM logoLaredo and Energy & Minerals to sell pipeline unit for $1.83 bln - October 3 at 10:07 AM logoLaredo Petroleum, Inc. breached its 50 day moving average in a Bearish Manner : LPI-US : October 3, 2017 - October 3 at 10:07 AM logoLaredo Monetizes Stake in Medallion Pipeline to Cut Debt - October 3 at 10:07 AM logoHouston investment co. and Laredo Petroleum sell oil transport system for nearly $2B - October 3 at 10:07 AM logoLaredo Petroleum Announces Agreement to Sell Interest in Medallion Pipeline - GlobeNewswire (press release) - October 2 at 11:23 PM logoLaredo to sell Permian pipeline unit stake for $825 million - October 2 at 12:15 PM logoLaredo Petroleum (LPI), EMG to Sell Medallion to Affiliate of GIP for $1.83B - October 2 at 12:15 PM logoLaredo Petroleum Announces Agreement to Sell Interest in Medallion Pipeline - October 2 at 12:15 PM logoContrasting Laredo Petroleum (LPI) and The Competition - October 1 at 4:32 AM logoLaredo Petroleum, Inc. (LPI) Receives Average Recommendation of "Hold" from Analysts - September 30 at 6:56 PM logoFinancial Review: Jones Energy (JONE) versus Laredo Petroleum (LPI) - September 28 at 4:30 AM logoFinancial Review: Laredo Petroleum (LPI) & Range Resources Corporation (RRC) - September 23 at 8:32 AM logoFirst Week of November 17th Options Trading For Laredo Petroleum (LPI) - September 21 at 4:20 PM logoLaredo Petroleum, Inc. (LPI) Expected to Announce Earnings of $0.14 Per Share - September 21 at 6:24 AM logoLaredo Petroleum, Inc. (LPI) Price Target Lowered to $15.00 at Piper Jaffray Companies - September 18 at 12:44 PM logoLaredo Petroleum's (LPI) Hold Rating Reiterated at Cowen and Company - September 17 at 7:06 AM logoFinancial Comparison: Laredo Petroleum (LPI) & Continental Resources (CLR) - September 12 at 2:50 PM logoContrasting Laredo Petroleum (LPI) and its Competitors - September 12 at 11:00 AM logoLaredo Petroleum, Inc. breached its 50 day moving average in a Bearish Manner : LPI-US : September 11, 2017 - September 11 at 10:48 PM logoLaredo Petroleum, Inc. (LPI) Expected to Earn FY2018 Earnings of $0.74 Per Share - September 11 at 9:22 AM logoLaredo Petroleum (LPI) & The Competition Head-To-Head Analysis - September 9 at 12:20 PM logoLaredo Petroleum (LPI) Presents At Barclays CEO Energy-Power Conference - Slideshow - September 9 at 5:34 AM logoLaredo CEO on Harvey Impact, Drilling and Growth Strategy - September 8 at 2:14 AM logoLaredo Petroleum, Inc. (LPI) Receives Average Rating of "Hold" from Analysts - September 5 at 6:44 PM logo$177.62 Million in Sales Expected for Laredo Petroleum, Inc. (LPI) This Quarter - September 4 at 5:54 AM logo Analysts Anticipate Laredo Petroleum, Inc. (LPI) to Announce $0.14 Earnings Per Share - September 2 at 2:14 PM logoKeyCorp Reiterates Hold Rating for Laredo Petroleum, Inc. (LPI) - September 1 at 6:30 PM logoETFs with exposure to Laredo Petroleum, Inc. : August 21, 2017 - August 22 at 8:39 PM logoLaredo Petroleum, Inc. (LPI) Expected to Post Quarterly Sales of $176.94 Million - August 17 at 10:48 AM logoLaredo Petroleum, Inc. (NYSE:LPI) Sees Significant Decrease in Short Interest - August 15 at 1:46 AM logoLaredo Petroleum, Inc. (NYSE:LPI) Receives Consensus Recommendation of "Hold" from Analysts - August 11 at 6:48 PM logoQ3 2017 EPS Estimates for Laredo Petroleum, Inc. (LPI) Boosted by Capital One Financial Corporation - August 11 at 10:45 AM logoLaredo Petroleum, Inc. :LPI-US: Earnings Analysis: Q2, 2017 By the Numbers : August 9, 2017 - August 11 at 6:15 AM logoLaredo Petroleum, Inc. Expected to Earn Q3 2017 Earnings of $0.14 Per Share (NYSE:LPI) - August 10 at 11:56 AM logoSeaport Global Securities Analysts Reduce Earnings Estimates for Laredo Petroleum, Inc. (NYSE:LPI) - August 10 at 10:42 AM logoAnalysts Set Expectations for Laredo Petroleum, Inc.'s FY2017 Earnings (NYSE:LPI) - August 9 at 8:52 AM logoLaredo Petroleum's (LPI) Randy Foutch on Q2 2017 Results - Earnings Call Transcript - August 8 at 10:27 PM



Laredo Petroleum (LPI) Chart for Tuesday, October, 17, 2017

This page was last updated on 10/17/2017 by Staff

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