LPI - Laredo Petroleum Inc Stock Price, Fair Value and News

49.53USD+1.19 (+2.46%)Market Closed

Market Summary

USD49.53+1.19

Market Closed

2.46%

LPI Alerts

Big jump in Revenue (Y/Y)

Big fall in earnings (Y/Y)
Losses in recent quarter

LPI Stock Price

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LPI RSI Chart

LPI Valuation

Market Cap

1.8B

Price/Earnings (Trailing)

3.53

Price/Sales (Trailing)

1.07

EV/EBITDA

3.42

Price/Free Cashflow

2.12

LPI Price/Sales (Trailing)

LPI Profitability

EBT Margin

18.52%

Return on Equity

18.39%

Return on Assets

9.09%

Free Cashflow Yield

47.11%

LPI Fundamentals

LPI Revenue

Revenue (TTM)

1.7B

Rev. Growth (Yr)

45.06%

Rev. Growth (Qtr)

8.51%

LPI Earnings

Earnings (TTM)

514.7M

Earnings Growth (Yr)

-158.35%

Earnings Growth (Qtr)

-123.62%

Breaking Down LPI Revenue

Last 7 days

0.9%

Last 30 days

-7.6%

Last 90 days

6.8%

Trailing 12 Months

13.0%

How does LPI drawdown profile look like?

LPI Financial Health

Current Ratio

1.22

Debt/Equity

0.75

Debt/Cashflow

0.41

LPI Investor Care

Shares Dilution (1Y)

97.13%

Diluted EPS (TTM)

24.75

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.7B	0	0	0
2023	1.7B	1.5B	1.5B	1.5B
2022	1.7B	1.9B	2.0B	1.9B
2021	722.4M	906.2M	1.1B	1.4B
2020	833.3M	727.3M	707.2M	677.2M
2019	1.1B	920.6M	834.4M	837.3M
2018	892.9M	1.1B	1.1B	1.1B
2017	679.8M	720.1M	766.1M	822.2M
2016	562.5M	526.9M	536.3M	597.4M
2015	771.3M	770.6M	720.7M	606.6M
2014	674.9M	680.6M	710.0M	793.9M
2013	598.6M	636.2M	663.2M	665.3M
2012	552.2M	560.2M	571.5M	583.9M
2011	302.1M	383.9M	456.2M	510.3M
2010	132.9M	169.3M	205.6M	242.0M
2009	0	0	0	96.6M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Laredo Petroleum Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 01, 2023	pigott m. jason	sold	-207,412	55.31	-3,750	president & ceo
Jan 03, 2023	pigott m. jason	sold	-189,000	50.4	-3,750	president & ceo
Dec 01, 2022	pigott m. jason	sold	-241,725	64.46	-3,750	president & ceo
Nov 17, 2022	hollingsworth jarvis v.	acquired	32,549	64.2	507	-
Nov 17, 2022	lambert lisa marie	acquired	32,549	64.2	507	-
Nov 17, 2022	kuran shihab a.	acquired	32,549	64.2	507	-
Nov 17, 2022	driver john	acquired	32,549	64.2	507	-
Nov 01, 2022	pigott m. jason	sold	-248,100	66.16	-3,750	president & ceo
Oct 03, 2022	pigott m. jason	sold	-250,688	66.85	-3,750	president & ceo
Sep 08, 2022	pigott m. jason	sold	-262,050	69.88	-3,750	president & ceo

Which funds bought or sold LPI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	reduced	-58.61	-2,286,180	2,093,880	-%
May 16, 2024	Pineridge Advisors LLC	reduced	-19.05	-62.00	893	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	added	5.17	214,127	1,211,680	-%
May 16, 2024	COMERICA BANK	reduced	-37.36	-210,663	551,249	-%
May 16, 2024	SkyView Investment Advisors, LLC	new	-	1,018,000	1,018,000	0.19%
May 15, 2024	Walleye Trading LLC	reduced	-81.08	-210,981	59,002	-%
May 15, 2024	Cetera Advisor Networks LLC	new	-	666,155	666,155	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	new	-	8,144	8,144	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	added	15.86	3,412,740	13,504,200	0.01%
May 15, 2024	DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C)	sold off	-100	-205,251	-	-%

Are Funds Buying or Selling LPI?

Are funds buying LPI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own LPI

No. of Funds

Unveiling Laredo Petroleum Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	6.34%	1,816,743	SC 13G/A
Jan 25, 2024	state street corp	7.73%	2,217,263	SC 13G/A
Jan 08, 2024	blackrock inc.	13.9%	3,901,625	SC 13G/A
Dec 06, 2023	blackrock inc.	9.9%	2,735,509	SC 13G/A
Dec 05, 2023	campbell richard d	22.66%	7,868,933	SC 13D
Nov 15, 2023	campbell richard d	6.31%	1,809,051	SC 13G
Nov 09, 2023	riverstone holdings llc	11.8%	3,370,497	SC 13G
Sep 15, 2023	carnelian energy capital holdings, llc	-	0	SC 13G/A
Apr 10, 2023	carnelian energy capital holdings, llc	8.5%	1,578,948	SC 13G
Feb 13, 2023	state street corp	14.54%	2,443,942	SC 13G/A

Recent SEC filings of Laredo Petroleum Inc

View All Filings

Date Filed	Form Type	Document
May 09, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
Apr 15, 2024	8-K	Current Report
Apr 08, 2024	ARS	ARS
Apr 08, 2024	DEF 14A	DEF 14A
Apr 08, 2024	DEFA14A	DEFA14A
Apr 03, 2024	3	Insider Trading
Apr 03, 2024	4	Insider Trading
Apr 03, 2024	8-K	Current Report
Mar 28, 2024	8-K	Current Report

Laredo Petroleum Inc News

Latest updates

Laredo Petroleum Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	8.5%	482	445	436	335	333	364	464	560	532	470	379	294	250	188	174	111	205	218	194	217	209
Costs and Expenses	11.5%	345	309	256	214	210	201	205	192	262	224	209	186	147	265	341	545	387	388	544	159	155
S&GA Expenses	-100.0%	-	32.00	29.00	18.00	26.00	17.00	12.00	17.00	22.00	14.00	15.00	21.00	13.00	16.00	11.00	11.00	13.00	13.00	9.00	11.00	22.00
EBITDA Margin	-17.2%	0.60*	0.73*	0.57*	0.74*	0.75*	0.56*	0.57*	0.49*	0.30*	0.34*	0.05*	-0.38*	-	-	-	-	-	-	-	-	-
Interest Expenses	-13.9%	43.00	50.00	39.00	32.00	29.00	29.00	31.00	33.00	32.00	31.00	30.00	26.00	26.00	26.00	27.00	27.00	25.00	15.00	15.00	16.00	16.00
Income Taxes	-145.6%	-15.75	35.00	2.00	-221	2.00	3.00	-3.77	7.00	-0.88	3.00	3.00	-1.32	-0.76	3.00	-2.40	-7.17	2.00	-1.78	-2.47	2.00	-0.10
Earnings Before Taxes	-125.9%	-81.88	316	7.00	73.00	116	121	334	270	-87.66	219	140	-133	-76.20	-162	-239	-552	77.00	-243	-267	175	-9.59
EBT Margin	-44.0%	0.19*	0.33*	0.22*	0.43*	0.49*	0.33*	0.36*	0.28*	0.08*	0.11*	-0.21*	-0.68*	-	-	-	-	-	-	-	-	-
Net Income	-123.6%	-66.48	281	5.00	295	114	118	338	263	-86.78	216	137	-132	-75.44	-165	-237	-545	75.00	-241	-264	173	-9.49
Net Income Margin	-32.5%	0.30*	0.45*	0.36*	0.58*	0.48*	0.33*	0.36*	0.27*	0.08*	0.10*	-0.21*	-0.67*	-	-	-	-	-	-	-	-	-
Free Cashflow	-32.1%	159	234	214	249	116	109	182	368	171	210	99.00	117	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	9.9%	5,662	5,150	4,426	3,815	2,943	2,726	2,806	2,873	2,726	2,552	2,259	1,787	1,475	1,443	1,581	1,871	2,444	2,264	2,278	2,620	2,515
Current Assets	101.1%	746	371	814	243	230	246	248	374	302	236	195	303	138	137	200	256	427	200	225	193	173
Cash Equivalents	2910.6%	423	14.00	590	72.00	28.00	44.00	50.00	148	65.00	57.00	51.00	265	44.00	49.00	40.00	16.00	63.00	41.00	32.00	56.00	45.00
Net PPE	3.1%	4,496	4,360	3,224	3,176	2,512	2,411	2,476	2,408	2,348	2,250	1,967	1,368	1,303	1,272	1,335	1,536	1,931	2,000	1,977	2,370	2,301
Liabilities	21.1%	2,863	2,364	2,653	2,212	1,718	1,615	1,805	2,194	2,303	2,038	2,035	1,941	1,543	1,464	1,440	1,495	1,524	1,423	1,198	1,276	1,343
Current Liabilities	2.3%	609	596	572	434	392	415	527	799	776	527	575	490	292	198	143	158	186	171	146	171	204
Long Term Debt	30.3%	2,097	1,609	1,927	1,620	1,164	1,113	1,182	1,291	1,422	1,426	1,350	1,306	1,145	1,179	1,219	1,258	1,257	1,170	980	1,030	1,064
LT Debt, Non Current	-100.0%	-	1,609	1,927	1,620	1,164	1,113	1,182	1,291	1,422	1,426	1,350	1,306	1,145	1,179	1,219	1,258	1,257	1,170	980	1,030	1,064
Shareholder's Equity	0.5%	2,799	2,785	1,773	1,604	1,225	1,111	1,001	679	424	514	224	-	-	-	142	376	919	842	1,079	1,344	1,171
Retained Earnings	-7.0%	-1,015	-948	-1,229	-1,234	-1,529	-1,643	-1,761	-2,099	-2,361	-2,275	-2,491	-2,628	-2,495	-2,420	-2,254	-2,016	-1,471	-1,545	-1,304	-1,039	-1,212
Additional Paid-In Capital	2.1%	3,813	3,734	3,003	2,838	2,755	2,754	2,762	2,779	2,785	2,789	2,715	2,474	2,427	2,398	2,395	2,393	2,388	2,385	2,381	2,381	2,382
Shares Outstanding	3.5%	37.00	35.00	22.00	19.00	17.00	17.00	17.00	17.00	17.00	14.00	16.00	13.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	826	-	-	-	1,200	-	-	-	1,200	-	-	-	126	-	-	-	526	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-32.1%	158,590	233,734	214,209	248,888	116,125	108,918	181,695	368,125	170,882	209,559	99,415	116,546	71,151	109,770	102,058	61,973	109,589	108,206	105,599	183,811	77,458
Share Based Compensation	35.1%	3,501	2,592	2,937	2,893	2,572	2,108	1,638	2,604	2,053	2,066	1,811	1,730	2,068	2,106	2,041	1,694	2,376	3,046	-1,739	-423	7,406
Cashflow From Investing	56.7%	-205,664	-474,688	-162,622	-675,217	-163,603	-32,477	-149,935	-141,844	-151,696	-279,061	-349,183	-99,547	-69,020	-83,099	-37,535	-108,813	-159,791	-289,035	-79,702	-137,521	-155,453
Cashflow From Financing	236.4%	456,338	-334,680	466,412	454,019	47,049	-81,947	-129,365	-143,872	-10,847	74,904	36,180	203,723	-6,626	-18,172	-40,012	-190	72,122	189,993	-50,004	-35,034	77,388
Buy Backs	-	-	-	-	-	-	-	17,515	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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LPI Income Statement

2024-03-31

Consolidated statements of operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Total revenues	$ 482,339	$ 332,507
Costs and expenses:
Lease operating expenses	105,728	50,181
Production and ad valorem taxes	30,614	20,531
General and administrative	29,356	25,930
Depletion, depreciation and amortization	166,107	86,779
Other operating expenses, net	1,018	1,484
Total costs and expenses	345,032	209,987
Gain on disposal of assets, net	130	237
Operating income	$ 137,437	$ 122,757
Non-operating income (expense):
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total non-operating expense, net	Total non-operating expense, net
Gain (loss) on derivatives, net	$ (152,147)	$ 20,490
Interest expense	(43,421)	(28,554)
Loss on extinguishment of debt, net	(25,814)	0
Other income, net	2,065	854
Total non-operating expense, net	(219,317)	(7,210)
Income (loss) before income taxes	(81,880)	115,547
Income tax benefit (expense)	15,749	(1,607)
Net income (loss)	(66,131)	113,940
Preferred Stock Dividends, Income Statement Impact	349	0
Net income (loss) available to common stockholders	$ (66,480)	$ 113,940
Net income (loss) per common share:
Basic (in USD per share)	$ (1.87)	$ 6.93
Diluted (in USD per share)	$ (1.87)	$ 6.89
Weighted-average common shares outstanding:
Basic (in shares)	35,566	16,431
Diluted (in shares)	35,566	16,545
Oil sales
Revenues:
Total revenues	$ 415,784	$ 266,731
NGL sales
Revenues:
Total revenues	47,075	33,006
Natural gas sales
Revenues:
Total revenues	18,245	18,074
Sales of purchased oil
Revenues:
Total revenues	0	13,851
Costs and expenses:
Cost of goods and services sold	0	14,167
Other operating revenues
Revenues:
Total revenues	1,235	845
Oil transportation and marketing expenses
Costs and expenses:
Cost of goods and services sold	9,833	10,915
Gas gathering, processing and transportation expenses
Costs and expenses:
Cost of goods and services sold	$ 2,376	$ 0

LPI Balance Sheet

2024-03-31

Consolidated balance sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 423,325	$ 14,061
Accounts receivable, net	290,248	238,773
Derivatives	7,929	99,336
Other current assets	24,395	18,749
Total current assets	745,897	370,919
Oil and natural gas properties, full cost method:
Evaluated properties	12,100,933	11,799,155
Unevaluated properties not being depleted	190,387	195,457
Less: accumulated depletion and impairment	(7,925,773)	(7,764,697)
Oil and natural gas properties, net	4,365,547	4,229,915
Midstream and other fixed assets, net	130,918	130,293
Property and equipment, net	4,496,465	4,360,208
Derivatives	34,898	51,071
Operating lease right-of-use assets	144,667	144,900
Deferred income taxes	205,760	188,836
Other noncurrent assets, net	34,214	33,647
Total assets	5,661,901	5,149,581
Current liabilities:
Accounts payable and accrued liabilities	150,756	159,892
Accrued capital expenditures	108,546	91,937
Undistributed revenue and royalties	181,442	194,307
Derivatives	35,567	0
Operating lease liabilities	75,122	70,651
Other current liabilities	57,902	78,802
Total current liabilities	609,335	595,589
Long-term debt, net	2,097,044	1,609,424
Asset retirement obligations	83,039	81,680
Operating lease liabilities	66,791	71,343
Other noncurrent liabilities	6,888	6,288
Total liabilities	2,863,097	2,364,324
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, $50,000,000 shares authorized, and $1,575,376 and $595,104 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	16	6
Common stock, $0.01 par value, 80,000,000 shares authorized, and 36,660,995 and 35,413,551 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	367	354
Additional paid-in capital	3,813,430	3,733,775
Accumulated deficit	(1,015,009)	(948,878)
Total stockholders' equity	2,798,804	2,785,257
Total liabilities and stockholders' equity	$ 5,661,901	$ 5,149,581

About Laredo Petroleum Inc

WEBSITE	laredopetro.com

Laredo Petroleum Inc Frequently Asked Questions

What is the ticker symbol for Laredo Petroleum Inc? What does LPI stand for in stocks?

LPI is the stock ticker symbol of Laredo Petroleum Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Laredo Petroleum Inc (LPI)?

As of Fri May 17 2024, market cap of Laredo Petroleum Inc is 1.82 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of LPI stock?

You can check LPI's fair value in chart for subscribers.

What is the fair value of LPI stock?

You can check LPI's fair value in chart for subscribers. The fair value of Laredo Petroleum Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Laredo Petroleum Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for LPI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Laredo Petroleum Inc a good stock to buy?

The fair value guage provides a quick view whether LPI is over valued or under valued. Whether Laredo Petroleum Inc is cheap or expensive depends on the assumptions which impact Laredo Petroleum Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for LPI.

What is Laredo Petroleum Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, LPI's PE ratio (Price to Earnings) is 3.53 and Price to Sales (PS) ratio is 1.07. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. LPI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Laredo Petroleum Inc's stock?

In the past 10 years, Laredo Petroleum Inc has provided -0.212 (multiply by 100 for percentage) rate of return.