LPI - Laredo Petroleum, Inc.

NYSE - NYSE Delayed Price. Currency in USD
2.4000
-0.0600 (-2.44%)
At close: 4:02PM EST
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Previous Close2.4600
Open2.4900
Bid2.4000 x 38500
Ask2.4100 x 28000
Day's Range2.3400 - 2.4900
52 Week Range2.0300 - 3.9900
Volume5,720,810
Avg. Volume5,300,306
Market Cap569.122M
Beta (5Y Monthly)1.80
PE Ratio (TTM)11.88
EPS (TTM)0.2020
Earnings DateFeb 11, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est3.71
  • GlobeNewswire

    Laredo Petroleum Announces Early Tender of Over 95% of its 5 5/8% Senior Notes due 2022 and Over 85% of its 6 1/4% Senior Notes due 2023

    According to information provided by Global Bondholder Services Corporation ("GBS"), as of 5:00 p.m., New York City time, on January 17, 2020 (the "Consent Date"), holders of the 2022 Notes and holders of the 2023 Notes had validly tendered (and not validly withdrawn) the aggregate principal amount of Existing Notes set forth in the table below. Based on the tenders received, the Company has received the requisite consents to the proposed amendments described below.

  • Laredo Petroleum Sees Hammer Chart Pattern: Time to Buy?
    Zacks

    Laredo Petroleum Sees Hammer Chart Pattern: Time to Buy?

    Laredo Petroleum has been struggling lately, but the selling pressure may be coming to an end soon.

  • GlobeNewswire

    Laredo Petroleum Schedules Fourth-Quarter 2019 Earnings Release and Conference Call

    TULSA, OK, Jan. 13, 2020 -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company") will report fourth-quarter 2019 financial and operating results after the market.

  • GlobeNewswire

    Laredo Petroleum Prices Upsized Offering of $1.0 Billion of Senior Notes

    The Company intends to use the net proceeds of the offering to refinance the Company’s $450 million in aggregate principal amount of 5 5/8% senior unsecured notes due January 2022 and $350 million in aggregate principal amount of 6 1/4% senior unsecured notes due March 2023 through tender offers or, if applicable, redemptions, and to pay tender premiums and fees and the fees and expenses related to the offering and for general corporate purposes, including repaying a portion of the borrowings outstanding under the Company’s senior secured credit facility. The new notes will be senior unsecured obligations of the Company and will be guaranteed on a senior unsecured basis by the Company’s existing subsidiaries and all of its future subsidiaries, with certain exceptions.

  • Moody's

    Laredo Petroleum, Inc. -- Moody's rates Laredo's new notes B3

    Moody's Investors Service (Moody's) assigned a B3 rating to Laredo Petroleum, Inc.'s (Laredo) proposed offering of notes, including $450 million senior unsecured notes due 2025 and $450 million senior unsecured notes due 2028. Laredo's existing ratings, including its B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating, B3 senior unsecured notes rating and SGL-2 Speculative Grade Liquidity (SGL) rating are unchanged. Moody's ratings are subject to review of all final documentation.

  • GlobeNewswire

    Laredo Petroleum Commences Tender Offers and Consent Solicitations for Its Outstanding Senior Notes

    Information related to the Existing Notes and the pricing terms of the Tender Offers is listed in the table below. In conjunction with the Tender Offer for each series of the Existing Notes, the Company has also commenced a solicitation (a “Consent Solicitation”) of consents (each a “Consent”) from holders of such series of Existing Notes to amend certain provisions (the “Proposed Amendments”) of the indenture governing such series of Existing Notes to eliminate substantially all of the restrictive covenants and certain events of default under the applicable indenture and shorten the notice required to be given to holders from 30 days to 3 business days in the case of a redemption of the Existing Notes issued under the applicable indenture.

  • GlobeNewswire

    Laredo Petroleum Announces Offering of Senior Notes

    The Company intends to use the net proceeds of the offering, if completed, to refinance the Company’s $450 million in aggregate principal amount of 5 5/8% senior unsecured notes due January 2022 and $350 million in aggregate principal amount of 6 1/4% senior unsecured notes due March 2023 through tender offers or, if applicable, redemptions, and to pay tender premiums and fees and the fees and expenses related to the offering and for general corporate purposes, including repaying a portion of the borrowings outstanding under the Company’s senior secured credit facility. The new notes will be senior unsecured obligations of the Company and will be guaranteed on a senior unsecured basis by the Company’s existing subsidiaries and all of its future subsidiaries, with certain exceptions.

  • GlobeNewswire

    Laredo Petroleum Announces Proved Reserves and Production for 2019

    "The Company's strong performance in 2019 reflects the successful implementation of our returns and Free Cash Flow1 generation focused strategy," commented Jason Pigott, President and Chief Executive Officer. Laredo exceeded both oil and total production guidance for the fourth consecutive quarter, with fourth-quarter 2019 oil production of 27.3 MBOPD beating guidance by 5% and total production of 84.0 MBOEPD beating guidance by 10%.

  • Barrons.com

    Oil Mergers Could Pick Up in 2020. Here Are 7 Possible Targets.

    The trend toward buying small and midcap energy companies with valuable Permian acreage is likely to continue in 2020, senior M&A analyst Andrew Dittmar at energy data firm Enverus says.

  • GlobeNewswire

    Laredo Petroleum Announces Appointment of Craig Jarchow to Board of Directors

    Mr. Jarchow has more than 25 years of energy industry experience, serving in upstream operational roles, advising financial services firms on energy focused investments and building and leading an operating company. Previously, Mr. Jarchow served as a Managing Director and Partner of Pine Brook Road Partners, LLC and First Reserve Corporation, sourcing and advising on energy transactions.

  • Is Laredo Petroleum Inc (LPI) Going to Burn These Hedge Funds?
    Insider Monkey

    Is Laredo Petroleum Inc (LPI) Going to Burn These Hedge Funds?

    The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]

  • Two Bullish Factors Pushing Oil Prices Higher
    Oilprice.com

    Two Bullish Factors Pushing Oil Prices Higher

    An apparent improvement in the trade war and the OPEC+ agreement have boosted bullish sentiment in oil markets, with both Brent and WTI up on Tuesday morning

  • GlobeNewswire

    Laredo Petroleum Announces Bolt-On Acquisition in Glasscock County

    TULSA, OK, Dec. 09, 2019 -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or "the Company") today announced that it has closed a bolt-on acquisition of 4,475 contiguous net.

  • Are Investors Undervaluing Laredo Petroleum, Inc. (NYSE:LPI) By 24%?
    Simply Wall St.

    Are Investors Undervaluing Laredo Petroleum, Inc. (NYSE:LPI) By 24%?

    How far off is Laredo Petroleum, Inc. (NYSE:LPI) from its intrinsic value? Using the most recent financial data, we'll...

  • Moody's

    Laredo Petroleum, Inc. -- Moody's changes Laredo's outlook to stable from positive; downgrades notes to B3

    Moody's Investors Service (Moody's) changed Laredo Petroleum, Inc.'s (Laredo) rating outlook to stable from positive and downgraded the company's senior unsecured notes rating to B3 from B2. Concurrently, Moody's affirmed Laredo's B1 Corporate Family Rating (CFR) and B1-PD Probability of Default Rating (PDR).

  • Thomson Reuters StreetEvents

    Edited Transcript of LPI earnings conference call or presentation 6-Nov-19 1:30pm GMT

    Q3 2019 Laredo Petroleum Inc Earnings Call

  • Laredo Petroleum (LPI) Q3 Earnings Top Estimates
    Zacks

    Laredo Petroleum (LPI) Q3 Earnings Top Estimates

    Laredo Petroleum (LPI) delivered earnings and revenue surprises of 10.53% and -10.32%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Laredo Petroleum Announces 2019 Third-Quarter Financial and Operating Results

    TULSA, OK, Nov. 05, 2019 -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or "the Company") today announced its 2019 third-quarter results, reporting net loss attributable to.

  • Analysts Estimate Laredo Petroleum (LPI) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Laredo Petroleum (LPI) to Report a Decline in Earnings: What to Look Out for

    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.

  • Moody's

    Laredo Petroleum, Inc. -- Moody's announces completion of a periodic review of ratings of Laredo Petroleum, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Laredo Petroleum, Inc. New York, October 24, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Laredo Petroleum, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Why Laredo Petroleum, Inc.’s (NYSE:LPI) Return On Capital Employed Is Impressive
    Simply Wall St.

    Why Laredo Petroleum, Inc.’s (NYSE:LPI) Return On Capital Employed Is Impressive

    Today we'll evaluate Laredo Petroleum, Inc. (NYSE:LPI) to determine whether it could have potential as an investment...

  • GlobeNewswire

    Laredo Petroleum Announces Third-Quarter 2019 Production Results and Updates Full-Year 2019 Operating Plan

    Laredo Petroleum, Inc. (LPI) ("Laredo" or "the Company") today is announcing third-quarter oil and total production results that are above prior guidance. Additionally, Laredo is providing an update to the Company's 2019 operating plan and full-year 2019 production and free cash flow1  guidance, reflecting improving capital efficiency, which is primarily driven by reduced cycle times, well cost reductions and productivity improvements from wider-spaced development.

  • GlobeNewswire

    Laredo Petroleum Schedules Third-Quarter 2019 Earnings Release and Conference Call

    TULSA, OK, Oct. 09, 2019 -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or the "Company") will report third-quarter 2019 financial and operating results after the market close.

  • Is Laredo Petroleum (LPI) A Solid Pick for Value Investors?
    Zacks

    Is Laredo Petroleum (LPI) A Solid Pick for Value Investors?

    Is Laredo Petroleum (LPI) a great pick from the value investor's perspective right now? Read on to know more.