Last $22.89 USD
Change Today -0.46 / -1.97%
Volume 3.4M
LPI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

laredo petroleum inc (LPI) Snapshot

Open
$23.42
Previous Close
$23.35
Day High
$23.55
Day Low
$22.72
52 Week High
11/5/13 - $34.60
52 Week Low
08/21/14 - $22.58
Market Cap
3.3B
Average Volume 10 Days
2.8M
EPS TTM
$0.92
Shares Outstanding
143.8M
EX-Date
--
P/E TM
24.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for LAREDO PETROLEUM INC (LPI)

Related News

No related news articles were found.

laredo petroleum inc (LPI) Related Businessweek News

No Related Businessweek News Found

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. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Third Quarter of 2014, Fourth Quarter of 2014 and Provides Production and Capital Expenditure Guidance for the Full Year of 2014

Laredo Petroleum, Inc. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $183,044,000 compared to $177,296,000 a year ago. Operating income was $64,561,000 compared to $57,414,000 a year ago. Loss from continuing operations before income taxes was $29,273,000 compared to income from continuing operations before income taxes $55,341,000 a year ago. Loss from continuing operations was $18,899,000 compared to income from continuing operations $35,294,000 a year ago. Net loss was $18,899,000 compared to net income of $35,812,000 a year ago. Net loss per share basic and diluted was $0.13 against net income per share diluted $0.27 a year ago. Net loss from continuing operations per share basic and diluted was $0.13 against net income from continuing operations per share diluted $0.27 a year ago. Net cash provided by operating activities was $111,982,000 compared to $115,230,000 a year ago. Capital expenditures on oil and natural gas properties were $6,493,000. Capital expenditures on oil and natural gas properties were $225,171,000 compared to $188,088,000 a year ago. Capital expenditures on other fixed assets were $5,067,000 compared to $2,215,000 a year ago. Adjusted EBITDA was $117,926,000 compared to $126,889,000 a year ago. Adjusted net income was $19,392,000 or $0.14 per diluted share compared to $21,207,000 or $0.16 per diluted share a year ago. For the six months, the company reported total revenues of $356,354,000 compared to $341,001,000 a year ago. Operating income was $124,599,000 compared to $101,919,000 a year ago. Loss from continuing operations before income taxes was $29,379,000 compared to income from continuing operations before income taxes $57,588,000 a year ago. Loss from continuing operations was $19,112,000 compared to income from continuing operations $36,431,000 a year ago. Net loss was $19,112,000 compared to net income of $37,221,000 a year ago. Net loss per share basic and diluted was $0.14 against net income per share diluted $0.29 a year ago. Net loss from continuing operations per share basic and diluted was $0.14 against net income from continuing operations per share diluted $0.28 a year ago. Net cash provided by operating activities was $240,099,000 compared to $178,290,000 a year ago. Capital expenditures on oil and natural gas properties were $6,493,000. Capital expenditures on oil and natural gas properties were $412,211,000 compared to $375,901,000 a year ago. Capital expenditures on other fixed assets were $8,436,000 compared to $8,803,000 a year ago. Capital expenditures on acquisition of mineral interests were $7,305,000. Adjusted EBITDA was $305,269,000 compared to $241,218,000 a year ago. Adjusted net income was $88,395,000 or $0.63 per diluted share compared to $35,845,000 or $0.28 per diluted share a year ago. For the quarter, the company reported production of oil of 1,513 MBbl compared to 1,423 MBbl a year ago. Production of natural gas was 6,567 MMcf compared to 10,841 MMcf a year ago. Average daily production was 28,653 BOE/d compared to 35,494 BOE/d a year ago. For the six months, the company reported production of oil of 2,934 MBbl compared to 2,845 MBbl a year ago. Production of natural gas was 13,643 MMcf compared to 21,060 MMcf a year ago. Average daily production was 27,852 BOE/d compared to 35,110 BOE/d a year ago. The company provided production guidance for the third quarter, fourth quarter and full year of 2014. For the third quarter, the company expects production to be in the range of 2.9 MMBOE to 3.2 MMBOE. For the fourth quarter, the company expects production to be in the range of 3.2 MMBOE to 3.5 MMBOE. For the full year of 2014, the company expects production to be in the range of 11.1 MMBOE to 11.7 MMBOE. The company anticipated total capital investments in 2014 will be approximately $1.1 billion, exclusive of acquisitions.

Laredo Petroleum, Inc. Names James R. Courtier as Vice President Exploration and Geosciences Technology

Laredo Petroleum, Inc. announced that James R. Courtier has joined the company as Vice President - Exploration and Geosciences Technology. Mr. Courtier will be responsible for the company's exploration and appraisal program and the integration of subsurface technology with operations to enhance field development. Prior to joining the company, Mr. Courtier spent eight years at Hess Corporation.

Laredo Petroleum, Inc. Presents at Barclays CEO Energy-Power Conference, Sep-02-2014 01:05 PM

Laredo Petroleum, Inc. Presents at Barclays CEO Energy-Power Conference, Sep-02-2014 01:05 PM. Venue: The Sheraton NY Hotel & Towers, 811 Seventh Ave, New York City, NY 10019, United States. Speakers: Randy A. Foutch, Founder, Chairman and Chief Executive Officer.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LPI:US $22.89 USD -0.46

LPI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bonanza Creek Energy Inc $58.32 USD -0.65
Carrizo Oil & Gas Inc $56.63 USD -1.07
EXCO Resources Inc $4.40 USD -0.32
PDC Energy Inc $54.34 USD +0.55
Rosetta Resources Inc $45.85 USD -0.35
View Industry Companies
 

Industry Analysis

LPI

Industry Average

Valuation LPI Industry Range
Price/Earnings 52.7x
Price/Sales 4.8x
Price/Book 2.6x
Price/Cash Flow 12.3x
TEV/Sales 2.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LAREDO PETROLEUM INC, please visit www.laredopetro.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.