laredo petroleum holdings in
(LPI:New York)
laredo petroleum holdings in (LPI) Key Developments
Laredo Petroleum Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $163,705,000 compared to $149,012,000 a year ago. Operating income was $44,505,000 compared to $55,145,000 a year ago. Income before income taxes was $2,247,000 compared to $40,748,000 a year ago. Income from continuing operations was $1,137,000 compared to $26,079,000 a year ago. Net income was $1,409,000 or $0.01 per diluted share compared to $26,235,000 or $0.20 per diluted share a year ago. Net cash provided by operating activities was $63,060,000 compared to $91,402,000 a year ago. Oil and natural gas properties were $187,813,000 compared to $247,280,000 a year ago. Pipeline and gas gathering assets was $4,046,000 compared to $3,859,000 a year ago. Other fixed assets were $6,588,000 compared to $1,053,000 a year ago. Adjusted EBITDA was $117,005,000 compared to $113,883,000 a year ago. Adjusted basic and diluted net income per common share was $0.11 compared to $0.22 a year ago. For the quarter, the company reported production of oil of 1,422 MBbl compared to 1,067 MBbl a year ago. Production of Natural gas was 10,219 MMcf compared to 8,882 MMcf a year ago. Average daily production was 34,722 BOE/d compared to 27,995 BOE/d a year ago.
Laredo Petroleum Holdings, Inc., Q1 2013 Earnings Call, May 09, 2013
Laredo Petroleum Holdings, Inc. announced that they will report Q1, 2013 results Pre-Market on May 09, 2013
Laredo Petroleum Holdings, Inc. Presents at IPAA Oil and Gas Investment Symposium, Apr-17-2013 09:10 AM. Venue: The Sheraton New York Hotel & Towers, 811 Seventh Avenue at 53(rd) Street, New York, NY 10019, United States.
Laredo Petroleum Holdings, Inc., Annual General Meeting, May 16, 2013., at 15:00 Central Standard Time. Location: Thomas Gilcrease Museum. Agenda: To elect ten members of the board of directors to hold office until the 2014 annual meeting of stockholders or until their business respective successors are duly elected and qualified; to ratify the appointment of Grant Thornton LLP as the company's independent registered accounting firm; to hold an advisory vote approving the compensation of named executive officers; to transact such other business as may properly come before the annual meeting or at any adjournment or postponement thereof.
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| Valuation | LPI | Industry Range |
| Price/Earnings | 62.8x |
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| Price/Sales | 3.8x |
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| Price/Book | 2.7x |
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| Price/Cash Flow | 7.9x |
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| TEV/Sales | 1.6x |
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