About Laredo Petroleum (NYSE:LPI)
Laredo Petroleum, Inc. operates as an independent energy company in the United States. It operates through two segments, Exploration and Production; and Midstream and Marketing. The company engages in the acquisition, exploration, and development of oil and natural gas properties; and the transportation of oil and natural gas primarily in the Permian Basin in West Texas, as well as rig fuel, natural gas lift, and water delivery and takeaway services. As of December 31, 2017, it had assembled 124,843 net acres in the Permian Basin; and had total proved reserves of 215,883 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
SymbolNYSE:LPI
CUSIP51680610
Phone918-513-4570
Debt
Debt-to-Equity Ratio1.03%
Current Ratio0.85%
Quick Ratio0.85%
Price-To-Earnings
Trailing P/E Ratio17.43
Forward P/E Ratio10.06
P/E Growth1.97
Sales & Book Value
Annual Sales$822.16 million
Price / Sales3.09
Cash Flow$1.2882 per share
Price / Cash8.12
Book Value$3.16 per share
Price / Book3.31
Profitability
EPS (Most Recent Fiscal Year)$0.60
Net Income$548.97 million
Net Margins66.77%
Return on Equity30.02%
Return on Assets6.46%
Miscellaneous
Employees390
Outstanding Shares242,540,000
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 announced that its board has authorized a share repurchase plan on Thursday, February 15th 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.
How were Laredo Petroleum's earnings last quarter?
Laredo Petroleum Inc (NYSE:LPI) issued its quarterly earnings results on Wednesday, February, 14th. The oil and gas producer reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The oil and gas producer had revenue of $240.34 million for the quarter, compared to the consensus estimate of $212.57 million. Laredo Petroleum had a return on equity of 30.02% and a net margin of 66.77%. The firm's revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. View Laredo Petroleum's Earnings History.
When is Laredo Petroleum's next earnings date?
What price target have analysts set for LPI?
17 equities research analysts have issued 1 year target prices for Laredo Petroleum's stock. Their predictions range from $9.50 to $16.00. On average, they anticipate Laredo Petroleum's stock price to reach $12.5313 in the next year. View Analyst Ratings for Laredo Petroleum.
What are Wall Street analysts saying about Laredo Petroleum stock?
Here are some recent quotes from research analysts about Laredo Petroleum stock:
- 1. National Securities analysts commented, "What Happened:
• LPI produced 61.9 thousand barrels of oil equivalent per day (Mboe/d), in the 4th quarter, 1% lower than our projection, and 3% higher than the prior quarter. The production figures were largely in line with expectations, and represent a 17% increase year over year.
• As it relates to pricing, LPI finished 6% higher than our estimates for oil, at $54.38 per barrel (bbl), versus our projection of $51.43. Our expectations for natural gas liquids (NGL’S) were high, at $20.06 per bbl (relative to LPI’s realized price of 19.53). In looking to natural gas prices, LPI finished the quarter earning $2.08 per thousand cubic feet (Mcf), 12% lower than our projection of $2.37.
• Also, LPI generated $111.8 million in discretionary cash flow (DCF), up 10% from the $101.6 million earned in 3Q17. Moreover, the company generated a 2% sequential increase in EBITDA at $133.8 million, versus $130.8 million in the prior quarter.
• The company saw its proved reserve base grow 29% on the year to 216 million barrels of oil equivalent (Mmboe), from 167 Mmboe to end 2016, while announcing finding and development (F&D) costs of $7.90 per boe.
• Laredo also saw a decline in cash operating expenses, along with a 48% increase in cash margins, driven largely in our view by a reduction of interest expense.
• Additionally, LPI recently announced a $200 million share repurchase program, representing approximately 10% of current outstanding shares. In the event that the share repurchases occur, LPI intends to fund it with cash on hand along with its existing credit facility.
Our Take:
• We view this as a solid quarter for Laredo, as they certainly fell within our expectations for production, revenue, and EBITDA. Moreover, the company surpassed our expectations for discretionary cash flow generation by 10%. We also look favorably upon LPI using $690 million of an $830 million sale of Midland Basin pipeline interests, to reduce net debt.
" (2/16/2018)
- 2. Williams Capital analysts commented, "We reaffirm our Hold rang, but reduce our price target to $11 (from $13)." (2/15/2018)
- 3. 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. " (1/31/2018)
Are investors shorting Laredo Petroleum?
Laredo Petroleum saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 26,185,948 shares, an increase of 12.6% from the March 30th total of 23,253,687 shares. Based on an average daily volume of 3,325,530 shares, the short-interest ratio is presently 7.9 days. Approximately 16.3% of the shares of the company are sold short.
Who are some of Laredo Petroleum's key competitors?
Some companies that are related to Laredo Petroleum include Parsley Energy (PE), Cimarex Energy (XEC), RSP Permian (RSPP), WPX Energy (WPX), Energen (EGN), Antero Resources (AR), Newfield Exploration (NFX), Murphy Oil (MUR), Centennial Resource Dev (CDEV), Crescent Point Energy (CPG), Vermilion Energy (VET), ARC Resources (AETUF), PDC Energy (PDCE), Whiting Petroleum (WLL) and Matador Resources (MTDR).
Who are Laredo Petroleum's key executives?
Laredo Petroleum's management team includes the folowing people:
- Mr. Randy A. Foutch, Founder, Chairman & CEO (Age 66)
- Mr. Richard C. Buterbaugh, Exec. VP & CFO (Age 63)
- Mr. Daniel C. Schooley, Sr. VP of Operations (Age 62)
- Mr. Kenneth E. Dornblaser, Sr. VP, Gen. Counsel & Corp. Sec. (Age 63)
- Mr. Patrick J. Curth, Sr. Advisor (Age 66)
Has Laredo Petroleum been receiving favorable news coverage?
Headlines about LPI stock have trended somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Laredo Petroleum earned a news sentiment score of 0.20 on Accern's scale. They also gave headlines about the oil and gas producer an impact score of 44.92 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
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 $10.46.
How big of a company is Laredo Petroleum?
Laredo Petroleum has a market capitalization of $2.50 billion and generates $822.16 million in revenue each year. The oil and gas producer earns $548.97 million in net income (profit) each year or $0.60 on an earnings per share basis. Laredo Petroleum employs 390 workers across the globe.
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 (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.
Laredo Petroleum (NYSE:LPI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
17 Wall Street analysts have issued ratings and price targets for Laredo Petroleum in the last 12 months. Their average twelve-month price target is $12.5313, suggesting that the stock has a possible upside of 19.80%. The high price target for LPI is $16.00 and the low price target for LPI is $9.50. There are currently 2 sell ratings, 9 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.24 | 2.24 | 2.28 | 2.32 |
| Ratings Breakdown: | 2 Sell Rating(s)
9 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
9 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
9 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
9 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $12.5313 | $12.6563 | $13.8333 | $14.6833 |
| Price Target Upside: | 19.80% upside | 49.78% upside | 20.08% upside | 18.32% upside |
Laredo Petroleum (NYSE:LPI) Consensus Price Target History
Laredo Petroleum (NYSE:LPI) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
Laredo Petroleum (NYSE:LPI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Laredo Petroleum (NYSE LPI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.20%
Laredo Petroleum (NYSE LPI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/31/2017 | Patrick J Curth | VP | Sell | 43,830 | $14.41 | $631,590.30 | 232,386 |  |
| 3/31/2017 | Peter Kagan | Director | Sell | 163,207 | $14.34 | $2,340,388.38 | 68,006 | |
| 8/29/2016 | Patrick J Curth | VP | Sell | 17,000 | $12.57 | $213,690.00 | 172,926 | |
| 2/19/2016 | Randy A Foutch | CEO | Buy | 22,072 | $4.52 | $99,765.44 | 623,523 | |
| 2/19/2016 | Richard C Buterbaugh | CFO | Buy | 25,000 | $4.18 | $104,500.00 | 133,857 | |
| 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 | 59,558 | |
| 3/4/2014 | Patrick Curth | VP | Sell | 12,850 | $27.23 | $349,905.50 | 140,702 | |
| 2/25/2014 | Jerry Schuyler | Insider | Sell | 9,000 | $27.53 | $247,770.00 | 226,027 | |
| 2/13/2014 | Jerry Schuyler | Insider | Sell | 7,000 | $26.63 | $186,410.00 | 235,027 | |
| 1/31/2014 | Jerry Schuyler | Insider | Sell | 7,000 | $24.77 | $173,390.00 | 242,027 | |
| 1/14/2014 | Jerry Schuyler | Insider | Sell | 7,000 | $23.93 | $167,510.00 | 249,027 | |
| 1/10/2014 | John Minton | Insider | Sell | 22,284 | $24.34 | $542,392.56 | 72,364 | |
| 12/27/2013 | Jerry Schuyler | Insider | Sell | 7,000 | $27.64 | $193,480.00 | 256,027 | |
| 12/11/2013 | Jerry Schuyler | Insider | Sell | 7,000 | $25.46 | $178,220.00 | 263,027 | |
| 11/26/2013 | Jerry Schuyler | Insider | Sell | 30,444 | $29.06 | $884,702.64 | 270,027 | |
| 11/25/2013 | Jerry Schuyler | Insider | Sell | 136,506 | $28.99 | $3,957,308.94 | 300,471 | |
| 11/14/2013 | Jerry Schuyler | Insider | Sell | 7,000 | $29.62 | $207,340.00 | 368,223 | |
| 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 | 382,223 | |
| 9/26/2013 | Jerry Schuyler | Insider | Sell | 7,000 | $29.81 | $208,670.00 | 389,223 | |
| 9/25/2013 | Jerry Schuyler | Insider | Sell | 50,000 | $29.35 | $1,467,500.00 | 396,223 | |
| 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 | 38,648 | |
| 8/26/2013 | Jerry Schuyler | Insider | Sell | 7,000 | $26.31 | $184,170.00 | 453,223 | |
| 8/19/2013 | John Minton | VP | Sell | 10,000 | $23.75 | $237,500.00 | 94,648 | |
| 8/19/2013 | Peter Kagan | Director | Sell | 2,890,000 | $22.98 | $66,412,200.00 | 38,648 | |
| 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)
Laredo Petroleum (NYSE LPI) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Laredo Petroleum (LPI) Scheduled to Post Earnings on Tuesday
www.americanbankingnews.com - April 24 at 5:34 AM |
| Laredo Petroleum Inc (LPI) Expected to Post Quarterly Sales of $209.58 Million
www.americanbankingnews.com - April 23 at 4:32 AM |
| FY2018 EPS Estimates for Laredo Petroleum Inc (LPI) Lifted by Analyst
www.americanbankingnews.com - April 23 at 2:17 AM |
| $0.24 EPS Expected for Laredo Petroleum Inc (LPI) This Quarter
www.americanbankingnews.com - April 21 at 7:20 AM |
| BidaskClub Upgrades Laredo Petroleum (LPI) to Hold
www.americanbankingnews.com - April 18 at 5:48 PM |
| Laredo Petroleum Inc (LPI) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - April 18 at 3:28 PM |
 | Laredo Petroleum Schedules First-Quarter 2018 Earnings Conference Call for May 3 and Provides Commodity ...
globenewswire.com - April 18 at 9:20 AM |
 | BRIEF-Laredo Petroleum Expects To Report Q1 Gain On Derivatives Of About $9 Mln
www.reuters.com - April 18 at 9:20 AM |
 | Laredo Petroleum Schedules First-Quarter 2018 Earnings Conference Call for May 3 and Provides Commodity Derivatives Update
finance.yahoo.com - April 18 at 9:20 AM |
| Laredo Petroleum (LPI) Rating Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - April 17 at 9:50 PM |
| Laredo Petroleum Inc (LPI) Expected to Post Q2 2018 Earnings of $0.29 Per Share
www.americanbankingnews.com - April 16 at 2:08 AM |
| Short Interest in Laredo Petroleum Inc (LPI) Expands By 32.3%
www.americanbankingnews.com - April 15 at 1:34 AM |
| Laredo Petroleum (LPI) Upgraded to "Hold" at Zacks Investment Research
www.americanbankingnews.com - April 14 at 8:02 PM |
| Laredo CEO on Permian Assets, Saudi's Ambition for $80 Oil
finance.yahoo.com - April 13 at 4:36 PM |
| Laredo CEO on Permian Assets, Saudi's Ambition for $80 Oil
finance.yahoo.com - April 13 at 9:40 AM |
| Williams Capital Analysts Give Laredo Petroleum (LPI) a $14.00 Price Target
www.americanbankingnews.com - April 12 at 9:35 PM |
| Laredo Petroleum (LPI) Downgraded to Sell at Zacks Investment Research
www.americanbankingnews.com - April 10 at 7:51 PM |
| Laredo Petroleum's (LPI) "Buy" Rating Reaffirmed at Stifel Nicolaus
www.americanbankingnews.com - April 8 at 12:40 AM |
| Laredo Petroleum (LPI) Raised to Buy at Zacks Investment Research
www.americanbankingnews.com - April 7 at 10:33 AM |
| Laredo Petroleum Inc (LPI) Expected to Announce Quarterly Sales of $216.54 Million
www.americanbankingnews.com - April 6 at 3:58 AM |
| $0.25 Earnings Per Share Expected for Laredo Petroleum Inc (LPI) This Quarter
www.americanbankingnews.com - April 4 at 9:33 AM |
| Laredo Petroleum (LPI) Downgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - April 3 at 10:31 PM |
| Laredo Petroleum (LPI) Downgraded by ValuEngine to Sell
www.americanbankingnews.com - April 3 at 12:10 PM |
| Laredo Petroleum (LPI) Given a $12.00 Price Target at Robert W. Baird
www.americanbankingnews.com - April 3 at 10:36 AM |
| Shale Drillers Are Showing Remarkable Restraint Even as Oil Creeps Higher
finance.yahoo.com - March 31 at 9:13 AM |
| Laredo Petroleum (LPI) Stock Rating Reaffirmed by Piper Jaffray
www.americanbankingnews.com - March 30 at 10:43 AM |
| BRIEF-Laredo Petroleum CEO's 2017 Total Compensation Was $7.1 Mln
www.reuters.com - March 28 at 4:33 PM |
| Laredo Petroleum (LPI) Rating Reiterated by Piper Jaffray
www.americanbankingnews.com - March 26 at 1:26 PM |
 | Active-Investors: Free Research Report as Laredo's Quarterly Revenue Surged 30%; Adjusted EPS Advanced 19%
www.finanznachrichten.de - March 26 at 9:42 AM |
| Free Research Report as Laredo’s Quarterly Revenue Surged 30%; Adjusted EPS Advanced 19%
finance.yahoo.com - March 26 at 9:42 AM |
| Laredo Petroleum Inc (LPI) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - March 24 at 5:54 PM |
| $215.19 Million in Sales Expected for Laredo Petroleum Inc (LPI) This Quarter
www.americanbankingnews.com - March 20 at 7:26 AM |
| Zacks: Analysts Anticipate Laredo Petroleum Inc (LPI) Will Announce Earnings of $0.25 Per Share
www.americanbankingnews.com - March 18 at 7:30 AM |
| FY2019 EPS Estimates for Laredo Petroleum Inc Lifted by KeyCorp (LPI)
www.americanbankingnews.com - March 16 at 2:20 PM |
| Stephens Reaffirms "Hold" Rating for Laredo Petroleum (LPI)
www.americanbankingnews.com - March 15 at 5:30 PM |
| Laredo Petroleum Inc (LPI) Expected to Earn Q1 2018 Earnings of $0.22 Per Share
www.americanbankingnews.com - March 15 at 6:44 AM |
 | Laredo Petroleum Is Severely Undervalued - Seeking Alpha
seekingalpha.com - March 14 at 10:16 AM |
| Laredo Petroleum (LPI) PT Lowered to $11.00 at Bank of America
www.americanbankingnews.com - March 8 at 6:41 PM |
| Analyzing Laredo Petroleum (LPI) and Eclipse Resources (ECR)
www.americanbankingnews.com - March 6 at 9:42 AM |
| Global oil players flock to Houston as OPEC, U.S. shale tensions ease
www.reuters.com - March 6 at 9:11 AM |
| What to Watch When EOG Resource Inc Reports Q4 Results
finance.yahoo.com - March 6 at 9:11 AM |
| Landscape Capital Management L.L.C. Takes $1.71 Million Position in Laredo Petroleum Inc (LPI)
www.americanbankingnews.com - March 5 at 11:26 AM |
| Global oil players flock to Houston as OPEC, US shale tensions ease - Reuters
www.reuters.com - March 5 at 9:29 AM |
 | Stock Review for Independent Oil and Gas Investors -- Kosmos Energy, Laredo Petroleum, Legacy Reserves, and ... - PR Newswire (press release)
www.prnewswire.com - March 5 at 9:29 AM |
| Analysts Anticipate Laredo Petroleum Inc (LPI) Will Post Quarterly Sales of $214.70 Million
www.americanbankingnews.com - March 3 at 4:18 PM |
| Laredo Petroleum Inc (LPI) Position Lifted by Cardinal Capital Management LLC CT
www.americanbankingnews.com - March 3 at 5:13 AM |
| Laredo Petroleum Inc (LPI) Stake Increased by Channing Capital Management LLC
www.americanbankingnews.com - March 2 at 5:32 AM |
| Impala Asset Management LLC Sells 1,222,221 Shares of Laredo Petroleum Inc (LPI)
www.americanbankingnews.com - March 1 at 7:54 AM |
| Laredo Petroleum Inc (LPI) Expected to Post Earnings of $0.24 Per Share
www.americanbankingnews.com - March 1 at 5:10 AM |
| WS Management Lllp Acquires 86,185 Shares of Laredo Petroleum Inc (LPI)
www.americanbankingnews.com - February 28 at 5:28 PM |
Laredo Petroleum (NYSE:LPI) SEC Filings
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Laredo Petroleum (NYSE:LPI) Income Statement, Balance Sheet and Cash Flow Statement
Laredo Petroleum (NYSE LPI) Stock Chart for Wednesday, April, 25, 2018
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