Laredo Petroleum (LPI) Stock Price, News & Analysis

Company Overview

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 sells oil, natural gas liquids, and natural gas. As of December 31, 2021, it had assembled 166,064 net acres in the Permian Basin; and had total proved undeveloped reserves of 86,592 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 incorporated in 2006 and is headquartered in Tulsa, Oklahoma.

Key Stats

• Today's Range: N/A
• 50-Day Range: $47.55 to $68.94
• 52-Week Range: N/A
• Volume: 678,100 shs
• Average Volume: 672,250 shs
• Market Capitalization: $808.59 million
• P/E Ratio: 1.11
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

LPI Stock Analysis - Frequently Asked Questions

How were Laredo Petroleum's earnings last quarter?

Laredo Petroleum, Inc. (NYSE:LPI) released its earnings results on Tuesday, November, 2nd. The oil and gas producer reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.90 by $1.06. The oil and gas producer earned $379.25 million during the quarter, compared to analysts' expectations of $261.71 million. Laredo Petroleum had a trailing twelve-month return on equity of 55.37% and a net margin of 35.99%.

When did Laredo Petroleum's stock split?

Shares of Laredo Petroleum reverse split on the morning of Monday, June 1st 2020. The 1-20 reverse split was announced on Thursday, May 14th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Friday, May 29th 2020. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

What other stocks do shareholders of Laredo Petroleum own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Laredo Petroleum investors own include Teekay Tankers (TNK), ConocoPhillips (COP), Advanced Micro Devices (AMD), Willamette Valley Vineyards (WVVI), Matador Resources (MTDR), Cara Therapeutics (CARA) and Zynerba Pharmaceuticals (ZYNE).

Company Calendar

• Last Earnings: 11/02/2021
• Today: 10/06/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: NYSE:LPI
• CUSIP: 51680610
• CIK: 1528129
• Web: www.laredopetro.com
• Phone: (918) 513-4570
• Fax: 918-513-4571
• Employees: 273
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $43.15
• Trailing P/E Ratio: 1.11
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $145.01 million
• Net Margins: 35.99%
• Pretax Margin: 36.27%
• Return on Equity: 55.37%
• Return on Assets: 13.23%

Debt

• Debt-to-Equity Ratio: 1.18
• Current Ratio: 0.47
• Quick Ratio: 0.47

Sales & Book Value

• Annual Sales: $1.39 billion
• Price / Sales: 0.00
• Cash Flow: N/A
• Price / Cash Flow: 2.26
• Book Value: $30.10 per share
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 16,814,000
• Free Float: 16,444,000
• Market Cap: $808.59 million
• Optionable: Optionable
• Beta: 3.31