Laredo Petroleum Company Profile (NYSE:LPI)

About Laredo Petroleum

Laredo Petroleum logoLaredo Petroleum, Inc. (Laredo) is an independent energy company 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. The Company's segments include Exploration and production, and Midstream and marketing. The exploration and production of oil and natural gas properties are conducted by the Company through the exploration and development of its acreage in the Permian Basin. It focuses on development activities in over four targets for horizontal drilling (Upper, Middle and Lower Wolfcamp and Cline formations). It has over 131,760 of the net acres in the Permian-Garden City area. 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. This system gathers, transports and delivers over 69,000 barrels per day.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Independent Oil & Gas
  • Sub-Industry: Oil & Gas Exploration & Production
  • Exchange: NYSE
  • Symbol: LPI
  • CUSIP: 51680610
Key Metrics:
  • Previous Close: $14.12
  • 50 Day Moving Average: $14.03
  • 200 Day Moving Average: $13.10
  • 52-Week Range: $238,051,000.00 - $3.90
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 19.61
  • P/E Growth: 0.92
  • Market Cap: $3.36B
  • Outstanding Shares: 238,051,000
  • Beta: 1.47
  • Net Margins: -225.04%
  • Return on Equity: 123.07%
  • Return on Assets: 5.09%
  • Debt-to-Equity Ratio: 7.23%
  • Current Ratio: 1.19%
  • Quick Ratio: 1.19%
Additional Links:
Companies Related to Laredo Petroleum:

Analyst Ratings

Consensus Ratings for Laredo Petroleum (NYSE:LPI) (?)
Ratings Breakdown: 2 Sell Ratings, 9 Hold Ratings, 11 Buy Ratings
Consensus Rating:Hold (Score: 2.41)
Consensus Price Target: $13.46 (4.66% downside)

Analysts' Ratings History for Laredo Petroleum (NYSE:LPI)
DateFirmActionRatingPrice TargetDetails
2/17/2017Credit Suisse GroupReiterated RatingSellView Rating Details
2/16/2017ScotiabankReiterated RatingHold$14.00View Rating Details
2/16/2017KLR GroupBoost Price TargetBuy$17.00 -> $18.00View Rating Details
2/15/2017FBR & CoLower Price TargetOutperform$17.00 -> $16.00View Rating Details
1/20/2017SunTrust Banks, Inc.UpgradeHold -> BuyView Rating Details
1/18/2017Tudor PickeringUpgradeHold -> BuyView Rating Details
1/11/2017BMO Capital MarketsReiterated RatingHold$15.00View Rating Details
12/21/2016Drexel HamiltonReiterated RatingBuy$18.75View Rating Details
11/16/2016Barclays PLCReiterated RatingBuy$16.00View Rating Details
11/3/2016J P Morgan Chase & CoReiterated RatingHoldView Rating Details
9/8/2016Raymond James Financial, Inc.Boost Price TargetOutperform$16.00 -> $17.00View Rating Details
8/30/2016Seaport Global SecuritiesUpgradeSell -> Neutral$8.00 -> $11.00View Rating Details
8/29/2016Williams CapitalInitiated CoverageHold$14.00View Rating Details
8/24/2016Capital One Financial CorporationUpgradeEqual Weight -> Overweight$15.00View Rating Details
6/21/2016NomuraReiterated RatingNeutral$10.00 -> $11.00View Rating Details
6/16/2016Deutsche Bank AGReiterated RatingHold$9.00View Rating Details
6/14/2016Iberia CapitalUpgradeSector Perform -> Outperform$8.00 -> $14.00View Rating Details
5/26/2016Imperial CapitalInitiated CoverageIn -> In-Line$12.50View Rating Details
5/11/2016Topeka Capital MarketsBoost Price TargetBuy$14.00 -> $15.00View Rating Details
5/9/2016Alembic Global AdvisorsUpgradeNeutral -> Overweight$7.00 -> $16.00View Rating Details
4/18/2016Cowen and CompanyDowngradeOutperform -> Market Perform$7.00 -> $8.00View Rating Details
3/30/2016Citigroup Inc.DowngradeSell$5.00View Rating Details
2/18/2016StephensDowngradeOverweight -> Equal WeightView Rating Details
2/5/2016Robert W. BairdLower Price Target$14.00 -> $8.00View Rating Details
9/23/2015Bank of America CorpDowngradeNeutral -> UnderperformView Rating Details
8/14/2015Howard WeilDowngradeSector Outperform -> Sector Perform$16.00 -> $12.00View Rating Details
8/13/2015KeyCorpInitiated CoverageEqual Weight$65.00View Rating Details
8/7/2015Northland SecuritiesLower Price TargetMarket Perform$13.00 -> $10.00View Rating Details
5/29/2015Societe GeneraleReiterated RatingBuy$14.00 -> $16.00View Rating Details
5/18/2015Goldman Sachs Group, Inc. (The)UpgradeSell -> Neutral$9.00 -> $14.00View Rating Details
(Data available from 2/20/2015 forward)


Earnings History for Laredo Petroleum (NYSE:LPI)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/15/2017Q4 2016$0.16$0.16$160.73 millionViewListenView Earnings Details
11/2/2016Q316$0.12$0.12$150.09 million$159.70 millionViewListenView Earnings Details
8/3/2016Q2$0.10($0.33)$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$0.06$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$1.40$237.30 millionViewListenView Earnings Details
11/6/2014Q113$0.17$0.19$199.53 million$200.20 millionViewListenView Earnings Details
8/7/2014Q2$0.18$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)
Current Year EPS Consensus Estimate: $0.52 EPS
Next Year EPS Consensus Estimate: $0.72 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20168($0.01)$0.07$0.04
Q2 20165$0.11$0.11$0.11
Q3 20167$0.10$0.17$0.13
Q4 20167$0.11$0.15$0.14
Q1 20176$0.09$0.14$0.11
Q2 20176$0.11$0.17$0.13
Q3 20176$0.12$0.20$0.15
Q4 20176$0.14$0.26$0.18
Q1 20183$0.16$0.24$0.20
Q2 20183$0.17$0.22$0.20
Q3 20182$0.22$0.26$0.24
Q4 20182$0.23$0.32$0.28
(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 History for Laredo Petroleum (NYSE:LPI)
Insider Ownership Percentage: 1.50%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)


Latest Headlines for Laredo Petroleum (NYSE:LPI)
News IconLaredo Petroleum, Inc. (LPI) Shares Gap Up After Analyst Upgrade (NYSE:LPI) - February 19 at 10:02 AM
News IconBrokers Offer Predictions for Laredo Petroleum, Inc.'s Q1 2017 Earnings (LPI) (NYSE:LPI) - February 19 at 10:02 AM logoLaredo Petroleum : losses decline in 2016 (NYSE:LPI) - February 17 at 6:26 PM logoEdited Transcript of LPI earnings conference call or presentation 16-Feb-17 1:30pm GMT (NYSE:LPI) - February 17 at 6:26 PM
News IconThe Technical Facts on Laredo Petroleum, Inc. (LPI) - The USA Commerce (NYSE:LPI) - February 17 at 1:25 PM logoLaredo Petroleum, Inc. :LPI-US: Earnings Analysis: Q4, 2016 By the Numbers : February 17, 2017 (NYSE:LPI) - February 17 at 1:25 PM
News IconWhat You Must Know About Laredo Petroleum Inc’s (LPI) Financial Health (NYSE:LPI) - February 16 at 5:55 PM
News IconLaredo Petroleum Holdings Inc (NYSE:LPI) Receives Outperform Rating From FBR & Co (NYSE:LPI) - February 16 at 5:55 PM
News IconImpact of Brokerage Rating on Laredo Petroleum, Inc.(LPI) (NYSE:LPI) - February 16 at 5:55 PM
News IconBRIEF-Laredo Petroleum posts Q4 loss per share $0.08 (NYSE:LPI) - February 16 at 5:55 PM logoLaredo Petroleum (LPI) Q4 2016 Results - Earnings Call Transcript (NYSE:LPI) - February 16 at 5:55 PM logoQ4 2016 Laredo Petroleum Inc Earnings Release - After Market Close (NYSE:LPI) - February 16 at 5:55 PM logoLaredo Petroleum Announces 2016 Fourth-Quarter and Full-Year Financial and Operating Results (NYSE:LPI) - February 16 at 5:55 PM logoLAREDO PETROLEUM, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, F (NYSE:LPI) - February 16 at 5:55 PM logoLaredo Petroleum reports 4Q loss (NYSE:LPI) - February 16 at 5:55 PM logoLaredo Petroleum Inc Earnings Call scheduled for 8:30 am ET today (NYSE:LPI) - February 16 at 5:55 PM logoLAREDO PETROLEUM, INC. Files SEC form 10-K, Annual Report (NYSE:LPI) - February 16 at 5:55 PM logoLaredo Petroleum Inc Earnings Call (Q4 2016) (NYSE:LPI) - February 15 at 12:52 AM
News IconChecking the Overall Picture for Laredo Petroleum, Inc. (LPI) (NYSE:LPI) - February 14 at 7:51 PM
News IconThe annual Dividend for Laredo Petroleum, Inc. (NYSE:LPI) is $3 (NYSE:LPI) - February 11 at 12:10 AM
News IconLaredo Petroleum, Inc. (LPI) : How Do the Technicals Stack Up? - The USA Commerce (NYSE:LPI) - February 9 at 7:22 PM logoLaredo Petroleum: A 4th Rig And Careful Planning Could Send The Stock Soaring - Seeking Alpha (NYSE:LPI) - February 9 at 7:22 PM
News IconStock Tripped Up Out of The Gate: Laredo Petroleum, Inc. (NYSE:LPI) - Aiken Advocate (NYSE:LPI) - February 7 at 7:40 PM
News IconTrading Watch for Laredo Petroleum, Inc. (NYSE:LPI) - The Standard (NYSE:LPI) - February 7 at 7:40 PM
News IconQuick Look at PT & Outlook for Laredo Petroleum, Inc. (NYSE:LPI), The Finish Line, Inc. (NASDAQ:FINL) - Rives Journal (NYSE:LPI) - February 7 at 7:40 PM
News IconNewfield Exploration Company (NFX), Laredo Petroleum, Inc. (LPI ... - The USA Commerce (NYSE:LPI) - February 7 at 7:40 PM
News IconAnalyst's Indicator Review for Laredo Petroleum, Inc. (LPI), Wolverine World Wide, Inc. (WWW) - The USA Commerce (NYSE:LPI) - February 6 at 6:28 PM logoStocks Trend Analysis: Laredo Petroleum, Inc. (LPI) Wolverine World Wide, Inc. (WWW) Navient Corporation (NAVI) - iStreetWire (NYSE:LPI) - February 6 at 10:08 AM logoBRIEF-LPI Capital Bhd says qtrly net profit 81.5 mln rgt (NYSE:LPI) - February 6 at 10:08 AM logoLaredo Petroleum, Inc. breached its 50 day moving average in a Bullish Manner : LPI-US : February 6, 2017 (NYSE:LPI) - February 6 at 10:08 AM
News IconThe Laredo Petroleum, Inc. (LPI) Stake Reduced by Teachers Advisors LLC (NYSE:LPI) - February 4 at 6:21 PM
News IconAnalysts Near-Term outlook: Whole Foods Market, Inc. (WFM), Laredo Petroleum, Inc. (LPI) - The USA Commerce (NYSE:LPI) - February 4 at 5:02 AM logoInvestor's Alert: Total System Services, Inc. (TSS), Laredo Petroleum ... - iStreetWire (NYSE:LPI) - February 3 at 12:08 AM
News IconDrilling Down Into the Charts for Laredo Petroleum, Inc. (LPI) - The USA Commerce (NYSE:LPI) - February 3 at 12:08 AM
News IconChecking Out the Technicals for Laredo Petroleum, Inc. (LPI) - The USA Commerce (NYSE:LPI) - February 1 at 12:13 AM logoBRIEF-Laredo Petroleum expects to report a loss on derivatives of nearly $43.6 mln for Q4 (NYSE:LPI) - January 30 at 7:03 PM logoLaredo Petroleum Provides Preliminary Results of Commodity Derivatives For Fourth-Quarter and Full-Year 2016 (NYSE:LPI) - January 30 at 7:03 PM logo4:34 pm Laredo Petroleum announces derivative impact on Q4; hedging update: 70% of FY17 production is locked in with a $55.82/barrel floor (NYSE:LPI) - January 30 at 7:03 PM
News IconDigging Up the Facts on Laredo Petroleum, Inc. (LPI) - StockNewsJournal (NYSE:LPI) - January 26 at 8:09 PM
News IconLaredo Petroleum Inc. (LPI) Upgraded to "Buy" at Tudor Pickering (NYSE:LPI) - January 26 at 12:47 AM
News IconEarnings in Full Force, Analysts Take Aim at Laredo Petroleum, Inc. (NYSE:LPI) - Wall Street Beacon (NYSE:LPI) - January 25 at 12:06 AM
News IconLaredo Petroleum, Inc. (LPI) : Checking the Chart - The USA Commerce (NYSE:LPI) - January 24 at 6:16 AM logoLaredo Petroleum upgraded by SunTrust (NYSE:LPI) - January 20 at 7:04 PM logoLaredo Petroleum upgraded by Tudor Pickering (NYSE:LPI) - January 18 at 6:50 PM logoLaredo Petroleum Inc. Jumped 66% in 2016. Is There Any Fuel Left for 2017? (NYSE:LPI) - January 18 at 6:50 PM logoLaredo Petroleum, Inc. – Value Analysis (NYSE:LPI) : January 18, 2017 (NYSE:LPI) - January 18 at 6:50 PM
News IconLaredo Petroleum boosts drilling budget in 2017 (NYSE:LPI) - January 18 at 4:45 AM
News IconThe Brokers Offer Predictions for Laredo Petroleum Inc.'s FY2016 Earnings (LPI) (NYSE:LPI) - January 17 at 11:42 PM
News IconReviewing Individual Broker Targets Of Laredo Petroleum, Inc. (NYSE:LPI) (NYSE:LPI) - January 17 at 11:42 PM
News IconLaredo Petroleum, Inc. (LPI) Stock Rating Reaffirmed by BMO Capital Markets (NYSE:LPI) - January 17 at 11:42 PM


What is Laredo Petroleum's stock symbol?

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

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

22 brokers have issued 12 month price targets for Laredo Petroleum's stock. Their predictions range from $5.00 to $18.75. On average, they anticipate Laredo Petroleum's stock price to reach $13.46 in the next year.

When will Laredo Petroleum announce their earnings?

Laredo Petroleum is scheduled to release their next quarterly earnings announcement on Tuesday, May, 2nd 2017.

What are analysts saying about Laredo Petroleum stock?

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

  • 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)
  • 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. " (2/8/2017)

Who owns Laredo Petroleum stock?

Laredo Petroleum's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Warburg Pincus LLC (36.83%), SailingStone Capital Partners LLC (12.43%), Van ECK Associates Corp (3.68%), State Street Corp (2.10%), WS Management Lllp (1.02%) and Impala Asset Management LLC (0.51%). Company insiders that own Laredo Petroleum stock include Patrick J Curth, Pincus Private Equity Warburg, Randy A Foutch and Richard C Buterbaugh.

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 WS Management Lllp, SailingStone Capital Partners LLC, AQR Capital Management LLC, Van ECK Associates Corp, Marshall Wace LLP, Allianz Asset Management AG, Oceanic Investment Management LTD and GRT Capital Partners L.L.C..

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 Impala Asset Management LLC, Renaissance Technologies LLC, Amtrust Financial Services Inc., Cpcm LLC, Dimensional Fund Advisors LP, A.R.T. Advisors LLC, Oxford Asset Management and State Street Corp. Company insiders that have bought Laredo Petroleum stock in the last two years include Pincus Private Equity Warburg, Randy A Foutch and Richard C Buterbaugh.

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.

How much does a share of Laredo Petroleum stock cost?

One share of Laredo Petroleum stock can currently be purchased for approximately $14.12.

Laredo Petroleum (NYSE:LPI) Chart for Monday, February, 20, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Laredo Petroleum (NYSE:LPI)

Earnings History Chart

Earnings by Quarter for Laredo Petroleum (NYSE:LPI)

Dividend History Chart

Dividend Payments by Quarter for Laredo Petroleum (NYSE:LPI)

Last Updated on 2/20/2017 by Staff