AllAnalyst Report
logoMorningstarFebruary 24, 2021

Vital Energy, Inc.: Laredo Continues To Grow Oil Production, but Freezing Temps Likely To Impact First Quarter Results

Symbols
VTLE
Sector(s)
Energy
Rating
Current Price
$52.54
Fair Value
Economic Moat
Stewardship
Summary

Laredo Petroleum is an independent oil and gas producer in the United States. It operates exclusively in the Permian (Midland) Basin. At the end of 2019, the company reported net proves reserves of 294 million barrels of oil equivalent. Net production averaged about 81 thousand barrels per day in 2019 at a ratio of 66% oil and natural gas liquids and 34% natural gas.

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Analyst Profile

Dave Meats

Director
David Meats, CFA, is director of research, energy and utilities, for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc.Before joining Morningstar in 2014, Meats was an associate analyst for Raymond James. Previously, he worked as a geophysicist for Burren Energy, a London-based exploration and production firm, and Italian multinational oil and gas firm Eni SpA, which acquired Burren in 2008.Meats holds an undergraduate degree in physics from the University of Nottingham, a master's degree in petroleum geoscience from Royal Holloway, University of London, and a master's degree in business administration from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation.