Laredo Petroleum, Inc., an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company also provides midstream and marketing services comprising transportation and marketing of oil and natural gas; and natural gas lift systems, crude oil and natural gas gathering, and water delivery and takeaway services. As of December 31, 2018, it had assembled 120,617 net acres in the Permian Basin; and had total proved reserves of 238,167 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.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Phone918-513-4570
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.11 billion
Profitability
Miscellaneous
Employees340
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable
Laredo Petroleum (NYSE:LPI) Frequently Asked Questions
What is Laredo Petroleum's stock symbol?
Laredo Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "LPI."
How will Laredo Petroleum's stock buyback program work?
Laredo Petroleum declared that its board has approved a share repurchase plan on Thursday, February 15th 2018, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.
How were Laredo Petroleum's earnings last quarter?
Laredo Petroleum Inc (NYSE:LPI) announced its quarterly earnings data on Wednesday, May, 1st. The oil and gas producer reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The oil and gas producer earned $208.95 million during the quarter, compared to the consensus estimate of $198.64 million. Laredo Petroleum had a return on equity of 17.30% and a net margin of 21.68%. The firm's revenue for the quarter was down 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. View Laredo Petroleum's Earnings History.
When is Laredo Petroleum's next earnings date?
What price target have analysts set for LPI?
9 brokers have issued 12 month price objectives for Laredo Petroleum's stock. Their forecasts range from $3.00 to $14.00. On average, they anticipate Laredo Petroleum's stock price to reach $7.50 in the next twelve months. This suggests a possible upside of 149.2% from the stock's current price. View Analyst Price Targets for Laredo Petroleum.
What is the consensus analysts' recommendation for Laredo Petroleum?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laredo Petroleum in the last year. There are currently 2 sell ratings, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Laredo Petroleum.
Has Laredo Petroleum been receiving favorable news coverage?
News coverage about LPI stock has trended negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Laredo Petroleum earned a coverage optimism score of -2.0 on InfoTrie's scale. They also assigned media coverage about the oil and gas producer a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an effect on the stock's share price in the next several days.
Are investors shorting Laredo Petroleum?
Laredo Petroleum saw a drop in short interest in April. As of April 30th, there was short interest totalling 23,518,934 shares, a drop of 16.9% from the April 15th total of 28,291,646 shares. Based on an average daily volume of 5,023,977 shares, the days-to-cover ratio is currently 4.7 days. Currently, 12.9% of the shares of the stock are short sold. View Laredo Petroleum's Current Options Chain.
Who are some of Laredo Petroleum's key competitors?
Some companies that are related to Laredo Petroleum include Kosmos Energy (KOS), Centennial Resource Development (CDEV), Antero Resources (AR), Jagged Peak Energy (JAG), PDC Energy (PDCE), DELEK GRP LTD/ADR (DGRLY), ARC Resources (AETUF), Matador Resources (MTDR), Tellurian (TELL), Southwestern Energy (SWN), Range Resources (RRC), Crescent Point Energy (CPG), Enerplus (ERF), Whiting Petroleum (WLL) and QEP Resources (QEP).
What other stocks do shareholders of Laredo Petroleum own?
Who are Laredo Petroleum's key executives?
Laredo Petroleum's management team includes the folowing people:
- Mr. Randy A. Foutch, Founder, Chairman & CEO (Age 67)
- Dr. Tommye Karen Chandler, Sr. VP & COO (Age 48)
- Mr. Michael T. Beyer, Sr. VP & CFO (Age 43)
- Mr. Ronald L. Hagood, VP of Investor Relations
- Mr. Mark David Denny, Sr. VP, Gen. Counsel & Sec.
Who are Laredo Petroleum's major shareholders?
Laredo Petroleum's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.01%), Dimensional Fund Advisors LP (5.02%), Renaissance Technologies LLC (1.89%), WS Management Lllp (1.50%), Northern Trust Corp (0.83%) and Wellington Management Group LLP (0.76%). Company insiders that own Laredo Petroleum stock include Peter Kagan and Pincus Private Equity Warburg. View Institutional Ownership Trends for Laredo Petroleum.
Which institutional investors are selling Laredo Petroleum stock?
LPI stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, WS Management Lllp, Voya Investment Management LLC, Man Group plc, Parametric Portfolio Associates LLC, James Investment Research Inc., Morgan Stanley and Pinebridge Investments L.P.. Company insiders that have sold Laredo Petroleum company stock in the last year include Peter Kagan and Pincus Private Equity Warburg. View Insider Buying and Selling for Laredo Petroleum.
Which institutional investors are buying Laredo Petroleum stock?
LPI stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Dimensional Fund Advisors LP, SG Americas Securities LLC, Marshall Wace North America L.P., Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC, Connor Clark & Lunn Investment Management Ltd. and Marshall Wace LLP. View Insider Buying and Selling for Laredo Petroleum.
How do I buy shares of Laredo Petroleum?
Shares of LPI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Laredo Petroleum's stock price today?
One share of LPI stock can currently be purchased for approximately $3.01.
How big of a company is Laredo Petroleum?
Laredo Petroleum has a market capitalization of $712.02 million and generates $1.11 billion in revenue each year. The oil and gas producer earns $324.59 million in net income (profit) each year or $0.93 on an earnings per share basis. Laredo Petroleum employs 340 workers across the globe.
What is Laredo Petroleum's official website?
How can I contact Laredo Petroleum?
Laredo Petroleum's mailing address is 15 WEST SIXTH STREET SUITE 900, TULSA OK, 74119. The oil and gas producer can be reached via phone at 918-513-4570 or via email at [email protected]
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 LPI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LPI will underperform the S&P 500 over the long term. You may vote once every thirty days.
