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Last $14.72 USD
Change Today -0.32 / -2.13%
Volume 2.7M
LPI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

laredo petroleum inc (LPI) Snapshot

Open
$14.89
Previous Close
$15.04
Day High
$15.12
Day Low
$14.28
52 Week High
07/1/14 - $31.23
52 Week Low
12/16/14 - $7.00
Market Cap
3.1B
Average Volume 10 Days
4.3M
EPS TTM
$0.88
Shares Outstanding
213.9M
EX-Date
--
P/E TM
16.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for LAREDO PETROLEUM INC (LPI)

laredo petroleum inc (LPI) Related Businessweek News

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laredo petroleum inc (LPI) Details

Laredo Petroleum, Inc. operates as an independent energy company in the United States. It focuses on the acquisition, exploration, and development of oil and natural gas properties primarily in the Permian Basin in west Texas. As of December 31, 2014, it had interests in the 196,683 net acres in the Permian Basin; and had total proved reserves of 247,322 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.

420 Employees
Last Reported Date: 02/26/15
Founded in 2006

laredo petroleum inc (LPI) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $1.4M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $820.9K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $707.6K
Senior Vice President of Exploration & Land
Total Annual Compensation: $569.6K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $525.0K
Compensation as of Fiscal Year 2014.

laredo petroleum inc (LPI) Key Developments

Laredo Petroleum, Inc. Reports Operating Results for the First Quarter of 2015; Provides Production Guidance for the Full Year of 2015

Laredo Petroleum, Inc. reported operating results for the first quarter of 2015. For the period, the company announced preliminary production volumes of 4.27 million barrels of oil equivalent (MMBOE) for the first quarter of 2015, a company record and an increase of approximately 47% from first-quarter 2014. The company provided production Guidance for the full year of 2015. For the period, the company updated production guidance for full-year 2015 to a range of 15.6 MMBOE to 16.0 MMBOE, an expected increase of approximately 13% to 16% from 2014. Crude oil production is expected to be of 50%. Natural gas liquids of production expected to be of 25%. Natural gas production is expected to be of 25%.

Laredo Petroleum, Inc. Issues Conditional Notice of Redemption to Holders of its Outstanding 2019 Notes

On March 6, 2015, Laredo Petroleum, Inc. issued a conditional notice of redemption to holders of its outstanding 2019 Notes that the Company will redeem all of its outstanding 2019 Notes on April 6, 2015 (the Redemption Date). The redemption price for the 2019 Notes will be 104.750% of the principal amount of the 2019 Notes, plus accrued and unpaid interest thereon to, but not including, the Redemption Date (the Redemption Price), in accordance with the provisions of the indenture governing the 2019 Notes. The Company's obligation to pay the Redemption Price on the Redemption Date was conditioned upon the completion, prior to April 3, 2015, of the offering of the Notes. This condition has been satisfied and the company's obligation to redeem the 2019 Notes is now unconditional. On the Redemption Date, the 2019 Notes will be redeemed at the Redemption Price and pursuant to the terms of the indenture governing the 2019 Notes.

Laredo Petroleum, Inc. Presents at IPAA's OGIS New York, Apr-20-2015 01:35 PM

Laredo Petroleum, Inc. Presents at IPAA's OGIS New York, Apr-20-2015 01:35 PM. Venue: Sheraton New York Times Square Hotel, 811 7th Avenue, New York, New York, United States. Speakers: Randy A. Foutch, Founder, Chairman and Chief Executive Officer.

 

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Industry Analysis

LPI

Industry Average

Valuation LPI Industry Range
Price/Earnings 8.0x
Price/Sales 2.6x
Price/Book 1.3x
Price/Cash Flow 6.1x
TEV/Sales 1.7x
 | 

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