3.63 +0.05 (1.40%)
Pre-Market: 8:16AM EST
|Bid||3.60 x 800|
|Ask||3.71 x 3100|
|Day's Range||3.5600 - 3.8400|
|52 Week Range||3.0000 - 11.6800|
|Beta (3Y Monthly)||2.28|
|PE Ratio (TTM)||1.44|
|Earnings Date||Feb 12, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.51|
Laredo Petroleum, Inc. (LPI) ("Laredo" or the "Company") will host a conference call on Thursday, February 14, 2019 to discuss its fourth-quarter and full-year 2018 financial and operating results, 2019 capital budget and 2018 year-end proved reserves. The Company also announces preliminary results for its commodity derivatives for fourth-quarter 2018 and its basic and diluted weighted-average shares outstanding.
What Happened in the Upstream Space Last Week?(Continued from Prior Part)Upstream stocksOn January 11–18, Laredo Petroleum (LPI) fell the most on our list of upstream energy stocks from the SPDR S&P Oil & Gas Exploration & Production
Upstream Review for the Week Ending January 11 (Continued from Prior Part) ## Upstream stocks On January 4–11, Denbury Resources (DNR) fell the most on our list of upstream energy stocks from the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). However, XOP rose 6.2%—the second-largest rise among the major energy ETFs that we discussed in Part 1 of this series. On January 7, UBS reduced its target price on Denbury Resources by 25 cents to $2.4. ## Other underperformers EP Energy (EPE), Carrizo Oil & Gas (CRZO), Laredo Petroleum (LPI), and Pioneer Natural Resources (PXD) were the second, third, fourth, and fifth-largest underperformers, respectively, last week. ## What might be behind the fall? On January 9, Morgan Stanley reduced its target price on Pioneer Natural Resources by 36 cents to $182. EP Energy derives ~55% of its oil production from the Eagle Ford Shale, while Carrizo Oil & Gas derives 73.5% of its oil production from the same region. LLS (Louisiana Light Sweet) crude oil versus WTI at Cushing, or the LLS-WTC spread, was under pressure last month, which we discussed in the previous part. The factors might have dragged these two upstream stocks despite the bullishness in oil prices. The recovery in the spread last week might support these stocks going forward. LLS is the benchmark for most light sweet crude produced in the Eagle Ford region in Texas. Browse this series on Market Realist: * Part 1 - Upstream Sector Rose Last Week * Part 2 - Analyzing the Top Upstream Gainers Last Week
Laredo Petroleum, Inc. (LPI) ("Laredo" or the "Company") today announced the appointment of Frances Powell Hawes to the Company's Board of Directors (the "Board"). Ms. Powell Hawes' appointment as an independent director and membership on the Board's Audit and Nominating and Corporate Governance committees is effective December 12, 2018. "Frances' extensive track record of success and financial leadership in the energy industry make her an excellent addition to our Board of Directors," said Randy A. Foutch, Chairman and Chief Executive Officer.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying for a while now that the current market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the fourth quarter, […]
Between November 30 and December 7, Gulfport Energy (GPOR) gained the most on our list of upstream energy stocks. However, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 3.9%—the second-largest fall among the major energy ETFs we discussed in the previous article.
On November 30–December 7, Gulfport Energy (GPOR) gained the most on our list of upstream energy stocks. However, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 3.9%—the third–largest decline among the major energy subsector ETFs that we discussed in the previous part.
As one of the most beaten-down of the Permian oil producers, Laredo's stock remains one of the most volatile.
Crude inventories rose 3.6 million barrels in the week to Nov 23, compared with analyst expectations for a decrease of 430,000 barrels.
In the past five years, the average commodity mutual fund has lost 8% a year, while the S&P 500 has gained 10%. Fund manager Robert Hyman says the outlook will soon improve.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Read More...
The Tulsa, Oklahoma-based company said it had profit of 24 cents per share. Earnings, adjusted for non-recurring costs, came to 27 cents per share. The results missed Wall Street expectations. The average ...
TULSA, Okla., Nov. 05, 2018 -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or "the Company") today announced its 2018 third-quarter results, reporting net income attributable.
Laredo Petroleum (LPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
I’ve been keeping an eye on Laredo Petroleum Inc (NYSE:LPI) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe Read More...
Crude oil is holding steady at $80 per barrel (Brent crude) in the aftermath of the disappearance of Saudi journalist Jamal Khashoggi and calls for Saudi Arabia to explain the situation. During a Bloomberg interview in London at the Oil & Money Conference, Ian Taylor, chairman of Vitol Group, one of the largest privately held crude oil traders, issued a bearish statement on oil prices, suggesting that the commodity could trade $10-$15 lower per barrel from current prices by 2019, rather than trading up. Taylor bases his forecast on two premises: there's already plenty of oil available in the market and as crude oil rallies there could be demand destruction, particularly from emerging economies that are sensitive to commodity prices and currency fluctuations.
Southwestern Energy (SWN), a natural gas–weighted exploration and production company focused in the Appalachian Basin, was the strongest upstream stock in the week ending September 21. Southwestern Energy rallied 15.7% last week. The rally could be attributed to the gains in natural gas prices. Overall, Southwestern Energy has gained 3.0% since the beginning of this year.