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Laredo Petroleum Inc Stock Research

LPI

Market Closed

LPI Alerts

LPI Stock Price

LPI RSI Chart

LPI Valuation

Market Cap

812.8M

Price/Earnings (Trailing)

1.11

Price/Sales (Trailing)

0.4

EV/EBITDA

0.66

Price/Free Cashflow

0.87

LPI Price/Sales (Trailing)

LPI Profitability

EBT Margin

36.27%

Return on Equity

72.91%

Return on Assets

26%

Free Cashflow Yield

114.46%

LPI Fundamentals

LPI Revenue

Revenue (TTM)

2.0B

Revenue Y/Y

22.38%

Revenue Q/Q

-17.15%

LPI Earnings

Earnings (TTM)

729.6M

Earnings Y/Y

146.67%

Earnings Q/Q

28.56%

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

Current Ratio

0.47

Debt/Equity

1.29

Debt/Cashflow

0.72

LPI Investor Care

Shares Dilution (1Y)

7.35%

Diluted EPS (TTM)

43.15

Peers (Alternatives to Laredo Petroleum)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
78.5B
25.0B
5.70% 29.51%
10.51
3.14
60.81% 147.54%
60.4B
36.8B
7.18% 80.08%
4.68
1.64
69.86% 4049.24%
56.0B
24.8B
4.46% 14.49%
7.86
2.26
81.23% 409.80%
49.8B
19.7B
7.19% 30.39%
9.45
2.71
81.04% 424.48%
26.5B
9.6B
12.26% 25.20%
5.96
2.75
73.79% 865.29%
14.4B
12.1B
1.22% 40.52%
4.67
1.31
76.89% 430.32%
12.8B
14.1B
3.55% 36.78%
3.47
0.91
56.06% 733.33%
MID-CAP
7.9B
3.1B
21.66% 52.85%
6.56
2.6
96.12% 296.97%
6.1B
5.4B
2.60% 37.67%
4.81
1.12
90.74% 385.71%
4.4B
3.2B
-33.88% 7.97%
4.99
1.94
192.30% 81.27%
3.7B
2.3B
35.56% 87.53%
8.42
1.6
105.29% 360.71%
2.9B
3.3B
-8.04% 68.26%
2.94
0.87
125.59% 288.67%
2.7B
2.6B
25.24% -11.71%
2.18
1.01
60.18% 387.51%
SMALL-CAP
1.6B
6.8B
23.68% 101.62%
5.68
0.24
64.72% 229.94%
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/Q2022Q32022Q22022Q12021Q42021Q3
Revenue4.4%2,0271,9421,6761,3941,112
  S&GA Expenses-4.7%6468726365
Costs and Expenses-0.4%885888885767808
EBITDA21.6%1,164957508477-
EBITDA Margin16.6%0.57*0.49*0.30*0.34*-
Earnings Before Taxes35.9%735541137149-233.40
EBT Margin30.2%0.36*0.28*0.08*0.11*-
Interest Expenses0.4%127127120113108
Net Income37.9%730529134145-237.20
Net Income Margin32.2%0.36*0.27*0.08*0.10*-
Free Cahsflow9.7%930848596497-
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.3%2,8062,8732,7262,5522,259
  Current Assets-33.7%248374302236195
    Cash Equivalents-66.2%50148655751
  Inventory-10----
  Net PPE2.8%2,4762,4082,3482,2501,967
Liabilities-17.7%1,8052,1942,3032,0382,035
  Current Liabilities-34.0%527799776527575
  Long Term Debt-9.2%1,2911,4221,4261,350-
    LT Debt, Non Current-8.5%1,1821,2911,4221,4261,350
Shareholder's Equity47.3%1,001679424514224
  Retained Earnings16.1%-1,761.73-2,099.25-2,361.80-2,275.02-2,491.29
  Additional Paid-In Capital-0.6%2,7622,7792,7852,7892,715
Shares Outstanding-1.7%1717171716
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations9.7%930848596497397
  Share Based Compensation-2.0%89888
Cashflow From Investing21.6%-722.54-921.78-879.49-796.81-600.85
Cashflow From Financing-379.4%-209.18-43.63304308215
  Buy BacksInfinity%7000--
* 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 ascendingFund NameType% 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%

1–10 of 42

Latest Funds Activity

Are funds buying LPI calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own LPI
No. of Funds

Laredo Petroleum News

ETF Daily News

Laredo Petroleum (NYSE:LPI) Coverage Initiated at StockNews.com.

ETF Daily News,
4 days ago

Armenian Reporter

Armenian Reporter

Yahoo Finance

Seeking Alpha

Seeking Alpha

Schedule 13G FIlings of Laredo Petroleum

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Mikell J. Pigott
270
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

2022-09-30
Consolidated statements of operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 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 expenses44,24629,837127,13668,526
Production and ad valorem taxes29,02417,93789,51245,957
General and administrative11,85715,00850,80049,182
Organizational restructuring expenses10,420010,4209,800
Depletion, depreciation and amortization74,92862,678226,555140,763
Impairment expense0001,613
Other operating expense, net1,7721,7982,9474,099
Total costs and expenses205,073208,737658,824540,447
Gain on disposal of assets, net4,28295,2014,95293,454
Operating income263,323265,714902,793476,858
Non-operating income (expense):    
Gain (loss) on derivatives, net100,748(96,240)(290,995)(467,547)
Interest expense(30,967)(30,406)(96,251)(82,222)
Gain (loss) extinguishment of debt, net5530(245)0
Other income, net984414332,236
Total non-operating income (expense), net70,432(126,205)(387,058)(547,533)
Income (loss) before income taxes333,755139,509515,735(70,675)
Income tax benefit (expense):    
Current960(1,300)(4,771)(1,300)
Deferred2,808(1,377)2,324707
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)16,65015,75616,75013,464
Diluted (in shares)16,80915,99316,96313,464
Oil sales    
Revenues:    
Total revenues$ 311,740$ 229,329$ 1,069,542$ 514,752
NGL sales    
Revenues:    
Total revenues59,37747,949197,037133,121
Natural gas sales    
Revenues:    
Total revenues73,83133,998179,02698,186
Transportation and marketing expenses    
Costs and expenses:    
Cost of goods and services sold13,28511,66039,02234,477
Midstream service revenues    
Revenues:    
Total revenues7951,7395,0304,292
Costs and expenses:    
Cost of goods and services sold7691,0143,9162,572
Sales of purchased oil    
Revenues:    
Total revenues18,37166,235106,030173,500
Costs and expenses:    
Cost of goods and services sold$ 18,772$ 68,805$ 108,516$ 183,458

LPI Balance Sheet

2022-09-30
Consolidated balance sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 49,941$ 56,798
Accounts receivable, net162,876151,807
Derivatives18,9904,346
Other current assets16,25422,906
Total current assets248,061235,857
Oil and natural gas properties, full cost method:  
Evaluated properties9,465,3998,968,668
Unevaluated properties not being depleted115,994170,033
Less: accumulated depletion and impairment(7,236,621)(7,019,670)
Oil and natural gas properties, net2,344,7722,119,031
Midstream service assets, net90,99096,528
Other fixed assets, net40,15034,590
Total property and equipment, net2,475,9122,250,149
Derivatives29,15632,963
Other noncurrent assets, net52,79632,855
Total assets2,805,9252,551,824
Current liabilities:  
Accounts payable and accrued liabilities86,21171,386
Accrued capital expenditures55,72950,585
Undistributed revenue and royalties249,295117,920
Derivatives58,763179,809
Other current liabilities77,275107,213
Total current liabilities527,273526,913
Long-term debt, net1,181,5841,425,858
Derivatives7660
Asset retirement obligations70,06369,057
Other noncurrent liabilities25,56916,216
Total liabilities1,805,2552,038,044
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, respectively00
Common stock, $0.01 par value, 40,000,000 and 22,500,000 shares authorized, and 16,914,836 and 17,074,516 issued and outstanding as of September 30, 2022 and December 31, 2021, respectively169171
Additional paid-in capital2,762,2322,788,628
Accumulated deficit(1,761,731)(2,275,019)
Total stockholders' equity1,000,670513,780
Total liabilities and stockholders' equity$ 2,805,925$ 2,551,824