LPI Valuation
LPI Price/Sales (Trailing)
LPI Profitability
LPI Fundamentals
LPI Revenue
LPI Earnings
Price Action
Last 7 days
-6.5%
Last 30 days
-8.2%
Last 90 days
-37.6%
Trailing 12 Months
-35.4%
LPI Financial Health
LPI Investor Care
Peers (Alternatives to Laredo Petroleum)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
EOG | 78.5B | 25.0B | 5.70% | 29.51% | 10.51 | 3.14 | 60.81% | 147.54% |
OXY | 60.4B | 36.8B | 7.18% | 80.08% | 4.68 | 1.64 | 69.86% | 4049.24% |
PXD | 56.0B | 24.8B | 4.46% | 14.49% | 7.86 | 2.26 | 81.23% | 409.80% |
DVN | 49.8B | 19.7B | 7.19% | 30.39% | 9.45 | 2.71 | 81.04% | 424.48% |
FANG | 26.5B | 9.6B | 12.26% | 25.20% | 5.96 | 2.75 | 73.79% | 865.29% |
APA | 14.4B | 12.1B | 1.22% | 40.52% | 4.67 | 1.31 | 76.89% | 430.32% |
OVV | 12.8B | 14.1B | 3.55% | 36.78% | 3.47 | 0.91 | 56.06% | 733.33% |
| MID-CAP | ||||||||
MTDR | 7.9B | 3.1B | 21.66% | 52.85% | 6.56 | 2.6 | 96.12% | 296.97% |
RRC | 6.1B | 5.4B | 2.60% | 37.67% | 4.81 | 1.12 | 90.74% | 385.71% |
OAS | 4.4B | 3.2B | -33.88% | 7.97% | 4.99 | 1.94 | 192.30% | 81.27% |
KOS | 3.7B | 2.3B | 35.56% | 87.53% | 8.42 | 1.6 | 105.29% | 360.71% |
CRK | 2.9B | 3.3B | -8.04% | 68.26% | 2.94 | 0.87 | 125.59% | 288.67% |
CPE | 2.7B | 2.6B | 25.24% | -11.71% | 2.18 | 1.01 | 60.18% | 387.51% |
| SMALL-CAP | ||||||||
PARR | 1.6B | 6.8B | 23.68% | 101.62% | 5.68 | 0.24 | 64.72% | 229.94% |
LPI | 812.8M | 2.0B | -8.19% | -35.44% | 1.11 | 0.4 | 82.29% | 407.57% |
Financials for Laredo Petroleum
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
| Revenue | 4.4% | 2,027 | 1,942 | 1,676 | 1,394 | 1,112 |
| S&GA Expenses | -4.7% | 64 | 68 | 72 | 63 | 65 |
| Costs and Expenses | -0.4% | 885 | 888 | 885 | 767 | 808 |
| EBITDA | 21.6% | 1,164 | 957 | 508 | 477 | - |
| EBITDA Margin | 16.6% | 0.57* | 0.49* | 0.30* | 0.34* | - |
| Earnings Before Taxes | 35.9% | 735 | 541 | 137 | 149 | -233.40 |
| EBT Margin | 30.2% | 0.36* | 0.28* | 0.08* | 0.11* | - |
| Interest Expenses | 0.4% | 127 | 127 | 120 | 113 | 108 |
| Net Income | 37.9% | 730 | 529 | 134 | 145 | -237.20 |
| Net Income Margin | 32.2% | 0.36* | 0.27* | 0.08* | 0.10* | - |
| Free Cahsflow | 9.7% | 930 | 848 | 596 | 497 | - |
* denotes actual numbers (not divided by Millions)
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
| Assets | -2.3% | 2,806 | 2,873 | 2,726 | 2,552 | 2,259 |
| Current Assets | -33.7% | 248 | 374 | 302 | 236 | 195 |
| Cash Equivalents | -66.2% | 50 | 148 | 65 | 57 | 51 |
| Inventory | - | 10 | - | - | - | - |
| Net PPE | 2.8% | 2,476 | 2,408 | 2,348 | 2,250 | 1,967 |
| Liabilities | -17.7% | 1,805 | 2,194 | 2,303 | 2,038 | 2,035 |
| Current Liabilities | -34.0% | 527 | 799 | 776 | 527 | 575 |
| Long Term Debt | -9.2% | 1,291 | 1,422 | 1,426 | 1,350 | - |
| LT Debt, Non Current | -8.5% | 1,182 | 1,291 | 1,422 | 1,426 | 1,350 |
| Shareholder's Equity | 47.3% | 1,001 | 679 | 424 | 514 | 224 |
| Retained Earnings | 16.1% | -1,761.73 | -2,099.25 | -2,361.80 | -2,275.02 | -2,491.29 |
| Additional Paid-In Capital | -0.6% | 2,762 | 2,779 | 2,785 | 2,789 | 2,715 |
| Shares Outstanding | -1.7% | 17 | 17 | 17 | 17 | 16 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
| Cashflow From Operations | 9.7% | 930 | 848 | 596 | 497 | 397 |
| Share Based Compensation | -2.0% | 8 | 9 | 8 | 8 | 8 |
| Cashflow From Investing | 21.6% | -722.54 | -921.78 | -879.49 | -796.81 | -600.85 |
| Cashflow From Financing | -379.4% | -209.18 | -43.63 | 304 | 308 | 215 |
| Buy Backs | Infinity% | 70 | 0 | 0 | - | - |
* denotes actual numbers (not divided by Millions)
Risks for LPI
What is the probability of a big loss on LPI?
100%
Probability that Laredo Petroleum stock will be more than 20% underwater in next one year
100%
Probability that Laredo Petroleum stock will be more than 30% underwater in next one year.
97.7%
Probability that Laredo Petroleum stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does LPI drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Laredo Petroleum was unfortunately bought at previous high price.
Drawdowns
Returns for LPI
Cumulative Returns on LPI
-18.4%
10-Year Cumulative Returns
-14.2%
7-Year Cumulative Returns
-25.9%
5-Year Cumulative Returns
-6.8%
3-Year Cumulative Returns
What are the long-term rolling returns for LPI?
FIve years rolling returns for Laredo Petroleum.
Annualized Returns
Which funds bought or sold LPI recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-01-26 | State of Tennessee, Treasury Department | added | 4.79 | -17,000 | 356,000 | -% |
2023-01-26 | CENTRAL TRUST Co | sold off | -100 | -47,000 | - | -% |
2023-01-26 | COMERICA BANK | reduced | -23.83 | -316,000 | 496,000 | -% |
2023-01-26 | STRS OHIO | added | 41.03 | 37,000 | 282,000 | -% |
2023-01-26 | OREGON PUBLIC EMPLOYEES RETIREMENT FUND | reduced | -1.57 | -69,562 | 287,438 | -% |
2023-01-25 | FIFTH THIRD BANCORP | reduced | -34.04 | -1,406 | 1,594 | -% |
2023-01-25 | Sageworth Trust Co | unchanged | - | -1,000 | - | -% |
2023-01-25 | Lindbrook Capital, LLC | sold off | -100 | -1,000 | - | -% |
2023-01-25 | Versant Capital Management, Inc | reduced | -11.11 | -355 | 1,645 | -% |
2023-01-24 | Louisiana State Employees Retirement System | reduced | -2.44 | -104,000 | 411,000 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
LPI Alerts
Laredo Petroleum News
Schedule 13G FIlings of Laredo Petroleum
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jan 26, 2023 | blackrock inc. | 15.9% | 2,677,720 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 15.9% | 2,677,720 | SC 13G/A | |
| Mar 01, 2022 | pioneer natural resources co | 4.3% | 745,683 | SC 13G/A | |
| Mar 01, 2022 | encap energy capital fund ix, l.p. | 8.01% | 1,386,162 | SC 13G/A | |
| Feb 11, 2022 | state street corp | 9.24% | 1,577,459 | SC 13G/A | |
| Feb 10, 2022 | state street corp | 10.06% | 1,717,848 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 12.7% | 2,161,866 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 12.7% | 2,161,866 | SC 13G/A | |
| Oct 20, 2021 | pioneer natural resources co | 5.6% | 959,691 | SC 13G | |
| Jul 08, 2021 | encap energy capital fund ix, l.p. | 13.61% | 2,191,052 | SC 13G |
LPI Fair Value
Recent SEC filings of Laredo Petroleum
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Jan 26, 2023 | SC 13G/A | Major Ownership Report | |
| Jan 20, 2023 | SC 13G/A | Major Ownership Report | |
| Jan 09, 2023 | 8-K | Current Report | |
| Jan 04, 2023 | 4 | Insider Trading | |
| Dec 05, 2022 | 8-K | Current Report | |
| Dec 02, 2022 | 4 | Insider Trading | |
| Dec 01, 2022 | 8-K | Current Report | |
| Nov 18, 2022 | 4 | Insider Trading | |
| Nov 18, 2022 | 4 | Insider Trading | |
| Nov 18, 2022 | 4 | Insider Trading |
Latest Insider Trading transactions for LPI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-01-03 | PIGOTT M. JASON | sold | -189,000 | 50.4 | -3,750 | president & ceo |
2022-12-01 | PIGOTT M. JASON | sold | -241,725 | 64.46 | -3,750 | president & ceo |
2022-11-17 | Hollingsworth Jarvis V. | acquired | 32,549.4 | 64.2 | 507 | - |
2022-11-17 | Lambert Lisa Marie | acquired | 32,549.4 | 64.2 | 507 | - |
2022-11-17 | KURAN SHIHAB A. | acquired | 32,549.4 | 64.2 | 507 | - |
2022-11-17 | Driver John | acquired | 32,549.4 | 64.2 | 507 | - |
2022-11-01 | PIGOTT M. JASON | sold | -248,100 | 66.16 | -3,750 | president & ceo |
2022-10-03 | PIGOTT M. JASON | sold | -250,688 | 66.85 | -3,750 | president & ceo |
2022-09-08 | PIGOTT M. JASON | sold | -262,050 | 69.88 | -3,750 | president & ceo |
2022-09-02 | Wren Jessica R | sold | -23,609.7 | 75.19 | -314 | principal accounting officer |
Laredo Petroleum, Inc., an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company sells oil, natural gas liquids, and natural gas. As of December 31, 2021, it had assembled 166,064 net acres in the Permian Basin; and had total proved undeveloped reserves of 86,592 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 incorporated in 2006 and is headquartered in Tulsa, Oklahoma.
LPI Income Statement
2022-09-30Consolidated statements of operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
| Revenues: | ||||
| Total revenues | $ 464,114 | $ 379,250 | $ 1,556,665 | $ 923,851 |
| Costs and expenses: | ||||
| Lease operating expenses | 44,246 | 29,837 | 127,136 | 68,526 |
| Production and ad valorem taxes | 29,024 | 17,937 | 89,512 | 45,957 |
| General and administrative | 11,857 | 15,008 | 50,800 | 49,182 |
| Organizational restructuring expenses | 10,420 | 0 | 10,420 | 9,800 |
| Depletion, depreciation and amortization | 74,928 | 62,678 | 226,555 | 140,763 |
| Impairment expense | 0 | 0 | 0 | 1,613 |
| Other operating expense, net | 1,772 | 1,798 | 2,947 | 4,099 |
| Total costs and expenses | 205,073 | 208,737 | 658,824 | 540,447 |
| Gain on disposal of assets, net | 4,282 | 95,201 | 4,952 | 93,454 |
| Operating income | 263,323 | 265,714 | 902,793 | 476,858 |
| Non-operating income (expense): | ||||
| Gain (loss) on derivatives, net | 100,748 | (96,240) | (290,995) | (467,547) |
| Interest expense | (30,967) | (30,406) | (96,251) | (82,222) |
| Gain (loss) extinguishment of debt, net | 553 | 0 | (245) | 0 |
| Other income, net | 98 | 441 | 433 | 2,236 |
| Total non-operating income (expense), net | 70,432 | (126,205) | (387,058) | (547,533) |
| Income (loss) before income taxes | 333,755 | 139,509 | 515,735 | (70,675) |
| Income tax benefit (expense): | ||||
| Current | 960 | (1,300) | (4,771) | (1,300) |
| Deferred | 2,808 | (1,377) | 2,324 | 707 |
| Total income tax benefit (expense) | 3,768 | (2,677) | (2,447) | (593) |
| Net income (loss) | $ 337,523 | $ 136,832 | $ 513,288 | $ (71,268) |
| Net income (loss) per common share: | ||||
| Basic (in USD per share) | $ 20.27 | $ 8.68 | $ 30.64 | $ (5.29) |
| Diluted (in USD per share) | $ 20.08 | $ 8.56 | $ 30.26 | $ (5.29) |
| Weighted-average common shares outstanding: | ||||
| Basic (in shares) | 16,650 | 15,756 | 16,750 | 13,464 |
| Diluted (in shares) | 16,809 | 15,993 | 16,963 | 13,464 |
| Oil sales | ||||
| Revenues: | ||||
| Total revenues | $ 311,740 | $ 229,329 | $ 1,069,542 | $ 514,752 |
| NGL sales | ||||
| Revenues: | ||||
| Total revenues | 59,377 | 47,949 | 197,037 | 133,121 |
| Natural gas sales | ||||
| Revenues: | ||||
| Total revenues | 73,831 | 33,998 | 179,026 | 98,186 |
| Transportation and marketing expenses | ||||
| Costs and expenses: | ||||
| Cost of goods and services sold | 13,285 | 11,660 | 39,022 | 34,477 |
| Midstream service revenues | ||||
| Revenues: | ||||
| Total revenues | 795 | 1,739 | 5,030 | 4,292 |
| Costs and expenses: | ||||
| Cost of goods and services sold | 769 | 1,014 | 3,916 | 2,572 |
| Sales of purchased oil | ||||
| Revenues: | ||||
| Total revenues | 18,371 | 66,235 | 106,030 | 173,500 |
| Costs and expenses: | ||||
| Cost of goods and services sold | $ 18,772 | $ 68,805 | $ 108,516 | $ 183,458 |
LPI Balance Sheet
2022-09-30Consolidated balance sheets - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 49,941 | $ 56,798 |
| Accounts receivable, net | 162,876 | 151,807 |
| Derivatives | 18,990 | 4,346 |
| Other current assets | 16,254 | 22,906 |
| Total current assets | 248,061 | 235,857 |
| Oil and natural gas properties, full cost method: | ||
| Evaluated properties | 9,465,399 | 8,968,668 |
| Unevaluated properties not being depleted | 115,994 | 170,033 |
| Less: accumulated depletion and impairment | (7,236,621) | (7,019,670) |
| Oil and natural gas properties, net | 2,344,772 | 2,119,031 |
| Midstream service assets, net | 90,990 | 96,528 |
| Other fixed assets, net | 40,150 | 34,590 |
| Total property and equipment, net | 2,475,912 | 2,250,149 |
| Derivatives | 29,156 | 32,963 |
| Other noncurrent assets, net | 52,796 | 32,855 |
| Total assets | 2,805,925 | 2,551,824 |
| Current liabilities: | ||
| Accounts payable and accrued liabilities | 86,211 | 71,386 |
| Accrued capital expenditures | 55,729 | 50,585 |
| Undistributed revenue and royalties | 249,295 | 117,920 |
| Derivatives | 58,763 | 179,809 |
| Other current liabilities | 77,275 | 107,213 |
| Total current liabilities | 527,273 | 526,913 |
| Long-term debt, net | 1,181,584 | 1,425,858 |
| Derivatives | 766 | 0 |
| Asset retirement obligations | 70,063 | 69,057 |
| Other noncurrent liabilities | 25,569 | 16,216 |
| Total liabilities | 1,805,255 | 2,038,044 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Preferred stock, $0.01 par value, 50,000,000 shares authorized and zero issued as of September 30, 2022 and December 31, 2021, respectively | 0 | 0 |
| Common stock, $0.01 par value, 40,000,000 and 22,500,000 shares authorized, and 16,914,836 and 17,074,516 issued and outstanding as of September 30, 2022 and December 31, 2021, respectively | 169 | 171 |
| Additional paid-in capital | 2,762,232 | 2,788,628 |
| Accumulated deficit | (1,761,731) | (2,275,019) |
| Total stockholders' equity | 1,000,670 | 513,780 |
| Total liabilities and stockholders' equity | $ 2,805,925 | $ 2,551,824 |