Last $27.14 USD
Change Today -1.29 / -4.54%
Volume 1.8M
LPI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

laredo petroleum inc (LPI) Snapshot

Open
$28.03
Previous Close
$28.43
Day High
$28.04
Day Low
$27.07
52 Week High
11/5/13 - $34.60
52 Week Low
08/1/13 - $22.04
Market Cap
3.9B
Average Volume 10 Days
1.8M
EPS TTM
$0.92
Shares Outstanding
143.7M
EX-Date
--
P/E TM
29.5x
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 Holdings, Inc. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2014; Provides Production Guidance for the Second, Third, Fourth Quarter and Full Year 2014; Provides Depletion, Depreciation and Amortization for the Second Quarter of 2014

Laredo Petroleum Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $173,310,000 compared to $163,705,000 a year ago. Operating income was $60,038,000 compared to $44,505,000 a year ago. Loss from continuing operations before income taxes was $106,000 compared to income from continuing operations before income taxes $2,247,000 a year ago. Loss from continuing operations was $213,000 compared to income from continuing operations $1,137,000 a year ago. Net loss was $213,000 compared to net income of $1,409,000 a year ago. Net cash provided by operating activities was $128,117,000 compared to $63,060,000 a year ago. Capital expenditures on oil and natural gas properties were $187,040,000 compared to $187,813,000 a year ago. Capital expenditures on pipeline and gas gathering assets was $10,520,000 compared to $4,046,000 a year ago. Capital expenditures on other fixed assets were $3,369,000 compared to $6,588,000 a year ago. Capital expenditures on acquisition of mineral interests were $7,305,000 for the first quarter of 2014. Adjusted EBITDA was $187,343,000 compared to $114,329,000 a year ago. Adjusted net income was $69,003,000 or $0.49 per diluted share compared to $14,617,000 or $0.11 per diluted share a year ago. For the quarter, the company reported production of oil of 1,421 MBbl compared to 1,422 MBbl a year ago. Production of natural gas was 6,076 MMcf compared to 10,219 MMcf a year ago. Average daily production was 27,041 BOE/d compared to 34,722 BOE/d a year ago. The company provided earnings guidance for the second quarter of 2014. The company expects production (MMBOE) to range from 2.6 to 2.8. Crude oil production is expected to be 58%. For the second quarter, the company expects depletion, depreciation and amortization of $20.00/BOE - $21.00/BOE. The company provided earnings guidance for the third quarter of 2014. The company expects production (MMBOE) to range from 3.0 to 3.4. The company provided earnings guidance for the fourth quarter of 2014. The company expects production (MMBOE) to range from 3.5 to 4.0. The company expects its full-year production to be in the range of 12.2 million to 12.7 million BOE (MMBOE). As previously projected, growth in production is weighted to the second half of the year, reflecting the company's transition to multi-well pad drilling.

Laredo Petroleum, Inc. Presents at 2nd Annual Global Energy and Power Leveraged Finance Conference, Jun-03-2014 04:20 PM

Laredo Petroleum, Inc. Presents at 2nd Annual Global Energy and Power Leveraged Finance Conference, Jun-03-2014 04:20 PM. Venue: The Westin Times Square, 270 West 43rd Street at 8th Avenue, New York, New York, United States. Speakers: Richard C. Buterbaugh, Chief Financial Officer and Executive Vice President.

Laredo Petroleum, Inc. to Report Q1, 2014 Results on May 08, 2014

Laredo Petroleum, Inc. announced that they will report Q1, 2014 results Pre-Market on May 08, 2014

 

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LPI

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Valuation LPI Industry Range
Price/Earnings 33.9x
Price/Sales 5.9x
Price/Book 3.1x
Price/Cash Flow 12.2x
TEV/Sales 3.0x
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