Last $9.15 USD
Change Today -0.13 / -1.40%
Volume 256.7K
LPI On Other Exchanges
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As of 9:51 AM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

laredo petroleum inc (LPI) Snapshot

Open
$9.33
Previous Close
$9.92
Day High
$9.40
Day Low
$9.09
52 Week High
07/1/14 - $31.23
52 Week Low
12/16/14 - $7.00
Market Cap
1.3B
Average Volume 10 Days
5.9M
EPS TTM
$0.95
Shares Outstanding
143.7M
EX-Date
--
P/E TM
9.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for LAREDO PETROLEUM INC (LPI)

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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 exploration, development, and acquisition of oil and natural gas properties primarily in the Permian region of west Texas. As of December 31, 2013, it had interests in the 202,084 net acres in the Permian Basin, and 50,000 net acres in the Dalhart Basin, Texas Panhandle, as well as had a total proved reserves of 203,615 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.

340 Employees
Last Reported Date: 02/27/14
Founded in 2006

laredo petroleum inc (LPI) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $1.7M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $650.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $819.4K
Senior Vice President of Exploration & Land
Total Annual Compensation: $668.2K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $616.8K
Compensation as of Fiscal Year 2013.

laredo petroleum inc (LPI) Key Developments

Laredo Petroleum, Inc. to Layoff 20% of Workforce

Laredo Petroleum Inc. is closing its Dallas office and laying off about 20% of its workforce because of plummeting oil and natural gas prices. Laredo announced its commitment to a companywide reorganization effort that will move some Dallas workers to offices in Tulsa or Midland, Texas. It also is cutting about 75 employees.

Laredo Petroleum, Inc. Provides Production Guidance for the Full Year 2015

Laredo Petroleum, Inc. provided production guidance for the full year 2015. For the period, production is expected to grow more than 12% from estimated 2014 volumes. This production growth, combined with the Company's commodity derivatives, is expected to generate cash flow that will fund approximately 75% of Laredo's planned capital budget for the year.

Laredo Petroleum, Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Production Guidance for the Fourth Quarter of 2014 and Provides Capital Expenditure Guidance for the Full Year 2014

Laredo Petroleum, Inc. reported unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company has posted total revenue was $200,241,000 against $170,840,000 a year ago. Operating income was $69,164,000 against $57,420,000 a year ago. Income from continuing operations was $83,407,000 or $0.58 diluted per share against $11,817,000 or $0.09 diluted per share a year ago. Net income was $83,407,000 or $0.58 diluted per share against $12,543,000 or $0.09 diluted per share a year ago. Net cash provided by operating activities was $136,237,000 against $97,148,000 a year ago. Net debt at the end of the quarter was approximately $1.5 billion. Income from continuing operations before income taxes was $129,185,000 against $21,865,000 a year ago. Capital expenditures for drilling and completion activities increased nearly 50% during the quarter as a result of the significant amount of horizontal and vertical well completions performed during the third quarter as compared to the second quarter. For the nine months, the company has posted total Revenue was $556,595,000 against $511,841,000 a year ago. Operating income was $193,763,000 against $159,339,000 a year ago. Income from continuing operations was $64,295,000 or $0.45 diluted per share against $48,248,000 or $0.37 diluted per share a year ago. Net income was $64,295,000 or $0.45 diluted per share against $49,764,000 or $0.38 diluted per share a year ago. Net cash provided by operating activities was $376,336,000 against $275,438,000 a year ago. Acquisition of oil and natural gas properties was $6,493,000 against $33,710,000 a year ago. Income from continuing operations before income taxes was $99,806,000 against $79,453,000 a year ago. For the quarter, the company reported oil production of 1,778 MBbl compared with 1,282 MBbl a year ago. Natural gas was 7,533 MMcf compared with 7,965 MMcf a year ago. Oil equivalents was 3,033 MBOE compared with 2,609 MBOE a year ago. Average daily production was 32,970 BOE/d compared with 28,361 BOE/d a year ago. For the nine months, the company reported oil production of 4,712 MBbl compared with 4,127 MBbl a year ago. Natural gas was 20,176 MMcf compared with 29,025 MMcf a year ago. Oil equivalents was 8,074 MBOE compared with 8,964 MBOE a year ago. Average daily production was 29,577 BOE/d compared with 32,836 BOE/d a year ago. For the fourth quarter of 2014, the company expects total production in the range of 3.2 MMBOE - 3.5 MMBOE. For the year 2014, total capital expenditures of approximately $1.1 billion, excluding acquisitions.

 

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LPI

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Valuation LPI Industry Range
Price/Earnings 10.0x
Price/Sales 1.8x
Price/Book 1.0x
Price/Cash Flow 3.8x
TEV/Sales NM Not Meaningful
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