UP!
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Type
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Public company |
|---|---|
| Traded as | NYSE: LPI |
| Industry | Petroleum industry |
| Founded | 2006 (2006) |
| Founder | Randy A. Foutch |
| Headquarters | Tulsa, Oklahoma |
|
Key people
|
Randy A. Foutch, Chairman & CEO Richard C. Buterbaugh, CFO |
| Products | Natural Gas Petroleum |
|
Production output
|
49 thousand barrels of oil equivalent (300,000 GJ) per day |
| Revenue |  $0.597 billion (2016) |
|
Operating income
|
 -$0.087 billion (2016) |
|
Net income
|
-$0.260 billion (2016) |
| Total assets | $1.782 billion (2016) |
| Total equity | $0.180 billion (2016) |
|
Number of employees
|
324 (2016) |
| Website | www |
Laredo Petroleum, Inc. is a petroleum and natural gas exploration and production company headquartered in Tulsa, Oklahoma.
As of December 31, 2016, Warburg Pincus owned 36.2% of the company.
As of December 31, 2016, the company had 167 million barrels of oil equivalent (1.02×10 GJ) of estimated proved reserves, of which 38% was oil and 62% was natural gas. All of these reserves were in the Permian Basin. The company controlled 127,847 net acres in the Permian Basin, where it had 1,088 net producing wells. The company had average daily production in 2016 of 49 thousand barrels of oil equivalent (300,000 GJ).
The company drills almost all of its wells using what it calls the "earth model", which it claims increases efficiency.
The company was founded in October 2006 by Randy A. Foutch.
In July 2011, the company acquired Broad Oak Energy in a $1 billion transaction, which expanded its presence in the Permian Basin and the Cline Shale.
On December 20, 2011, the company became a public company via an initial public offering.
In May 2013, Laredo sold its assets in the Anadarko Basin in western Oklahoma and Texas to affiliates of EnerVest Ltd for $438 million to raise capital for its drilling activities in the Permian Basin.
In July 2016, the company acquired additional acreage in the Midland Basin for $125 million.
In 2017, the company sold its interest in the Medallion Pipeline.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q3 2022 | 2022-10-31 | Future report Set alerts | |
| Q2 2022 | 2022-08-03 | 7.50 | 7.50 |
| Q1 2022 | 2022-05-04 | 5.26 | 5.26 |
| Q4 2021 | 2022-02-22 | 3.39 | 3.39 |
| Q3 2021 | 2021-11-02 | 1.84 | 1.84 |
| Q2 2021 | 2021-08-04 | 1.71 | 1.71 |
| Q1 2021 | 2021-05-05 | 1.71 | 1.71 |
| Q4 2020 | 2021-02-22 | 3.23 | 3.23 |
| Q3 2020 | 2020-11-04 | 4.02 | 4.02 |
| Q2 2020 | 2020-08-05 | 2.43 | 2.43 |
| 2016-06-21 | Reiterated Rating | Nomura | Neutral | $10.00 to $11.00 |
| 2016-06-21 | Initiated Coverage | Barclays | Overweight | $14.00 |
| 2016-06-21 | Reiterated Rating | Nomura Holdings Inc. | Neutral | $10.00 to $11.00 |
| 2016-06-21 | Initiated Coverage | Barclays PLC | Overweight | $14.00 |
| 2016-06-16 | Reiterated Rating | Deutsche Bank | Hold | $9.00 |
| 2016-06-16 | Reiterated Rating | Deutsche Bank AG | Hold | $9.00 |
| 2016-06-15 | Reiterated Rating | BMO Capital Markets | Hold | $12.00 |
| 2016-06-14 | Upgrade | Iberia Capital | Sector Perform to Outperform | $8.00 to $14.00 |
| 2016-05-26 | Initiated Coverage | Imperial Capital | In to In-Line | $12.50 |
| 2016-05-13 | Upgrade | JPMorgan Chase & Co. | Underweight to Neutral | $9.00 to $12.00 |
| 2016-05-11 | Boost Price Target | Topeka Capital Markets | Buy | $14.00 to $15.00 |
| 2016-05-09 | Upgrade | Alembic Global Advisors | Neutral to Overweight | $7.00 to $16.00 |
| 2016-05-05 | Lower Price Target | Topeka Capital Markets | Buy | $14.00 to $9.00 |
| 2016-04-18 | Downgrade | Cowen and Company | Outperform to Market Perform | $7.00 to $8.00 |
| 2016-03-31 | Downgrade | Seaport Global Securities | Neutral to Sell | $5.00 |
| 2016-03-30 | Downgrade | Seaport Global Securities | Neutral to Sell | |
| 2016-03-30 | Downgrade | Citigroup Inc. | Sell | $5.00 |
| 2016-03-23 | Reiterated Rating | Deutsche Bank | Hold | $6.00 to $9.00 |
| 2016-03-14 | Downgrade | KLR Group | Accumulate to Hold | $7.00 |
| 2016-03-03 | Lower Price Target | BMO Capital Markets | Marketperform | $10.00 to $5.00 |
| 2016-02-23 | Lower Price Target | Deutsche Bank | Hold | $8.00 to $6.00 |
| 2016-02-22 | Lower Price Target | Nomura | Neutral | $9.00 to $6.00 |
| 2016-02-18 | Lower Price Target | Raymond James | $10.00 to $8.00 | |
| 2016-02-18 | Lower Price Target | Cowen and Company | Outperform | $10.00 to $7.00 |
| 2016-02-18 | Downgrade | Stephens | Overweight to Equal Weight | |
| 2016-02-18 | Upgrade | KLR Group | Hold to Accumulate | $7.00 |
| 2016-02-18 | Lower Price Target | Raymond James Financial Inc. | $10.00 to $8.00 | |
| 2016-02-17 | Reiterated Rating | Iberia Capital | Sector Perform | $10.00 to $7.00 |
| 2016-02-09 | Lower Price Target | JPMorgan Chase & Co. | Underweight | $9.50 to $6.00 |
| 2016-02-05 | Lower Price Target | Robert W. Baird | $14.00 to $8.00 | |
| 2016-01-26 | Lower Price Target | Topeka Capital Markets | Buy | $15.00 to $11.00 |
| 2016-01-21 | Lower Price Target | Nomura | Neutral | $13.00 to $9.00 |
| 2016-01-21 | Lower Price Target | Deutsche Bank | Hold | $9.00 to $8.00 |
| 2016-01-11 | Upgrade | Cowen and Company | Market Perform to Outperform | $10.00 |
| 2015-12-09 | Reiterated Rating | Deutsche Bank | Hold | $12.00 to $11.00 |
| 2015-12-09 | Initiated Coverage | Cowen and Company | Market Perform | $11.00 |
| 2015-12-09 | Initiated Coverage | JPMorgan Chase & Co. | Underweight | $9.50 |
| 2015-12-07 | Upgrade | KLR Group | Reduce to Hold | $10.00 |
| 2015-12-02 | Initiated Coverage | Nomura | Neutral | $13.00 |
| 2015-12-02 | Initiated Coverage | Deutsche Bank | Hold | $12.00 |
| 2015-11-10 | Boost Price Target | SunTrust | $9.00 to $11.00 | |
| 2015-11-10 | Boost Price Target | SunTrust Banks Inc. | $9.00 to $11.00 | |
| 2015-11-06 | Downgrade | Capital One Financial Corp. | Overweight to Equal Weight | $12.00 |
| 2015-11-06 | Boost Price Target | Raymond James | Outperform | $14.00 to $15.00 |
| 2015-11-06 | Downgrade | Tudor Pickering | Accumulate to Hold | $21.00 |
| 2015-10-21 | Boost Price Target | Robert W. Baird | $13.00 to $14.00 | |
| 2015-10-19 | Boost Price Target | Seaport Global Securities | $8.00 to $11.00 | |
| 2015-10-15 | Downgrade | KLR Group | Hold to Reduce | $10.00 |
| 2015-10-13 | Downgrade | Iberia Capital | Outperform to Sector Perform | $12.00 |
| 2015-09-23 | Downgrade | Bank of America | Neutral to Underperform | |
| 2015-09-23 | Downgrade | Bank of America Corp. | Neutral to Underperform | |
| 2015-08-19 | Lower Price Target | Capital One Financial Corp. | $15.00 to $14.00 | |
| 2015-08-15 | Reiterated Rating | Scotiabank | Sector Perform | $12.00 |
| 2015-08-14 | Downgrade | Howard Weil | Sector Outperform to Sector Perform | $16.00 to $12.00 |
| 2015-08-13 | Initiated Coverage | KeyBanc | Equal Weight | $65.00 |
| 2015-08-13 | Initiated Coverage | KeyCorp | Equal Weight | $65.00 |
| 2015-08-12 | Lower Price Target | Credit Suisse | Neutral | $10.00 to $9.00 |
| 2015-08-12 | Lower Price Target | Credit Suisse Group AG | Neutral | $10.00 to $9.00 |
| 2015-08-10 | Upgrade | Raymond James | Market Perform to Outperform | $11.00 |
| 2015-08-07 | Lower Price Target | SunTrust | $14.00 to $9.00 | |
| 2015-08-07 | Lower Price Target | Robert W. Baird | Outperform | $16.00 to $13.00 |
| 2015-08-07 | Lower Price Target | Northland Securities | Market Perform | $13.00 to $10.00 |
| 2015-08-06 | Lower Price Target | Topeka Capital Markets | Buy | $16.00 to $12.00 |
| 2015-07-21 | Lower Price Target | Global Hunter Securities | Neutral | $14.00 to $10.00 |
| 2015-07-21 | Lower Price Target | Seaport Global Securities | Neutral | $14.00 to $10.00 |
| 2015-06-19 | Initiated Coverage | SunTrust | Neutral | $14.00 |
| 2015-05-29 | Reiterated Rating | Societe Generale | Buy | $14.00 to $16.00 |
| 2015-05-18 | Upgrade | Goldman Sachs | Sell to Neutral | $9.00 to $14.00 |
| 2015-05-18 | Upgrade | Goldman Sachs Group Inc. | Sell to Neutral | $9.00 to $14.00 |
| 2015-05-12 | Boost Price Target | Stephens | Equal Weight | $9.00 to $12.50 |
| 2015-04-20 | Downgrade | Raymond James | Outperform to Market Perform | $15.00 |
| 2015-04-15 | Initiated Coverage | Credit Suisse | Neutral | $15.00 |
| 2015-03-10 | Boost Price Target | Topeka Capital Markets | Buy | $15.00 to $16.00 |
| 2015-03-03 | Downgrade | KLR Group | Buy to Hold | |
| 2015-03-02 | Lower Price Target | Topeka Capital Markets | Buy | $16.00 to $15.00 |
| 2015-02-27 | Downgrade | Northland Securities | Outperform to Market Perform | $18.00 to $12.00 |
| 2015-02-02 | Lower Price Target | Howard Weil | Sector Outperform | $14.00 to $13.00 |
| 2015-01-20 | Upgrade | Credit Agricole | Underperform to Outperform | |
| 2015-01-20 | Upgrade | Credit Agricole SA | Underperform to Outperform | |
| 2015-01-06 | Downgrade | Bank of America | Neutral to Underperform | |
| 2014-12-18 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform | |
| 2014-12-18 | Downgrade | Wells Fargo | Outperform to Market Perform | |
| 2014-12-17 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $19.00 to $10.00 |
| 2014-12-17 | Lower Price Target | Canaccord Genuity | Hold | $14.00 to $8.00 |
| 2014-12-16 | Lower Price Target | Topeka Capital Markets | Buy | $20.00 to $16.00 |
| 2014-12-02 | Downgrade | Global Hunter Securities | Accumulate to Neutral | |
| 2014-12-02 | Lower Price Target | Canaccord Genuity | Hold | $24.00 to $14.00 |
| 2014-12-02 | Downgrade | Mizuho | Buy to Neutral | $24.00 to $10.00 |
| 2014-12-02 | Downgrade | Seaport Global Securities | Accumulate to Neutral | |
| 2014-12-01 | Lower Price Target | Topeka Capital Markets | Buy | $26.00 to $20.00 |
| 2014-11-18 | Upgrade | KLR Group | Accumulate to Buy | $25.00 |
| 2014-11-13 | Downgrade | BMO Capital Markets | Outperform to Market Perform | $26.00 to $20.00 |
| 2014-11-12 | Downgrade | Simmons | Overweight to Neutral | $27.00 to $24.00 |
| 2014-11-07 | Reiterated Rating | Bank of America | Neutral | $24.00 to $22.00 |
| 2014-11-07 | Lower Price Target | Mizuho | Buy | $27.00 to $24.00 |
| 2014-11-06 | Lower Price Target | Topeka Capital Markets | Buy | $34.00 to $26.00 |
| 2014-11-04 | Downgrade | Credit Agricole | Outperform to Underperform | |
| 2014-10-27 | Downgrade | Goldman Sachs | Neutral to Sell | $29.00 to $16.50 |
| 2014-09-23 | Upgrade | KLR Group | Hold to Accumulate | |
| 2014-09-22 | Initiated Coverage | Raymond James | Outperform | $30.00 |
| 2014-09-16 | Initiated Coverage | Canaccord Genuity | Average to Neutral | $34.00 to $28.00 |
| 2014-09-16 | Downgrade | Bank of America | Buy to Neutral | $34.00 to $28.00 |
| 2014-08-27 | Downgrade | Canaccord Genuity | Buy to Hold | $42.00 to $25.00 |
| 2014-08-12 | Lower Price Target | Global Hunter Securities | $44.00 to $41.00 | |
| 2014-08-12 | Lower Price Target | Seaport Global Securities | $44.00 to $41.00 | |
| 2014-08-11 | Downgrade | Stephens | Overweight to Equal Weight | $35.00 to $29.00 |
| 2014-08-08 | Lower Price Target | Howard Weil | Sector Outperform | $41.00 to $36.00 |
| 2014-08-08 | Boost Price Target | KLR Group | $2.00 to $27.00 | |
| 2014-08-08 | Lower Price Target | Mizuho | Positive to Buy | $34.00 to $30.00 |
| 2014-08-08 | Lower Price Target | Northland Securities | Outperform | $36.00 to $34.00 |
| 2014-08-08 | Lower Price Target | Brean Capital | Buy | $38.00 to $34.00 |
| 2014-08-08 | Downgrade | SunTrust | Buy to Neutral | $40.00 to $25.00 |
| 2014-07-21 | Boost Price Target | Brean Capital | Buy | $36.00 to $38.00 |
| 2014-07-11 | Boost Price Target | SunTrust | $36.00 to $40.00 | |
| 2014-07-01 | Initiated Coverage | Canaccord Genuity | Buy | $36.00 |
| 2014-06-24 | Initiated Coverage | GMP Securities | Buy | $37.00 |
| 2014-05-13 | Downgrade | KLR Group | Accumulate to Hold | $2.00 to $29.00 |
| 2014-05-09 | Initiated Coverage | Brean Capital | Buy | $35.00 to $36.00 |
| 2014-04-16 | Initiated | Robert W. Baird | Outperform | $45 |
| 2014-04-15 | Initiated Coverage | Robert W. Baird | Outperform | $35.00 |
| 2014-04-02 | Upgrade | SunTrust | Neutral to Buy | $29.00 to $36.00 |
| 2014-03-18 | Upgrade | KLR Group | Hold to Accumulate | $29.00 |
| 2014-03-13 | Initiated Coverage | Mizuho | Buy | $34.00 |
| 2014-03-03 | Boost Price Target | KLR Group | $2.00 to $29.00 | |
| 2014-02-20 | Initiated Coverage | Global Hunter Securities | Accumulate | $32.00 |
| 2014-02-11 | Upgrade | Topeka Capital Markets | Hold to Buy | |
| 2014-01-17 | Lower Price Target | Canaccord Genuity | Buy | $40.00 to $37.00 |
| 2014-01-15 | Upgrade | Tudor Pickering | Hold to Accumulate | |
| 2014-01-03 | Lower Price Target | Imperial Capital | In-Line | $31.00 to $29.00 |
| 2013-12-05 | Initiated Coverage | Brean Capital | Buy | |
| 2013-11-20 | Initiated Coverage | Imperial Capital | In-Line | $31.00 |
| 2013-11-14 | Reiterated | Canaccord Genuity | Buy | $40 to $43 |
| 2013-11-08 | Boost Price Target | Canaccord Genuity | Buy | $40.00 to $43.00 |
| 2013-10-21 | Boost Price Target | Canaccord Genuity | Buy | $37.00 to $40.00 |
| 2013-10-04 | Boost Price Target | SunTrust | Neutral | $30.00 to $32.00 |
| 2013-10-03 | Downgrade | KLR Group | Hold to Accumulate | $30.00 |
| 2013-10-01 | Downgrade | Goldman Sachs | Buy to Neutral | $30.00 to $33.00 |
| 2013-09-26 | Initiated Coverage | Northland Securities | Outperform | $36.00 |
| 2013-09-25 | Initiated Coverage | Northland Securities | Outperform | |
| 2013-09-20 | Boost Price Target | BMO Capital Markets | Outperform | $27.00 to $34.00 |
| 2013-09-19 | Boost Price Target | Societe Generale | Buy | $23.00 to $33.00 |
| 2013-09-18 | Boost Price Target | SunTrust | Neutral | $27.00 to $30.00 |
| 2013-09-18 | Boost Price Target | Cowen and Company | Outperform | $28.00 to $35.00 |
| 2013-09-18 | Boost Price Target | Brean Capital | Buy | $30.00 to $35.00 |
| 2013-09-18 | Boost Price Target | Canaccord Genuity | Buy | $32.00 to $37.00 |
| 2013-09-18 | Initiated Coverage | Bank of America | Buy | $34.00 |
| 2012-10-10 | Initiated | C.K. Cooper | Buy | $28 |
| 2012-01-30 | Initiated | Howard Weil | Market Outperform | $31 |
| 2016-06-21 | Reiterated Rating | Nomura | Neutral | $10.00 to $11.00 |
| 2016-06-21 | Initiated Coverage | Barclays | Overweight | $14.00 |
| 2016-06-21 | Reiterated Rating | Nomura Holdings Inc. | Neutral | $10.00 to $11.00 |
| 2016-06-21 | Initiated Coverage | Barclays PLC | Overweight | $14.00 |
| 2016-06-16 | Reiterated Rating | Deutsche Bank | Hold | $9.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In LPI 169 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| WARBURG PINCUS & CO. | 87.67M |
| BlackRock Institutional Trust Company, N.A. | 4.68M |
| BlackRock Inc. | 2.73M |
| BlackRock Fund Advisors | 1.73M |
| STATE STREET CORP | 1.73M |
| Vanguard Group, Inc | 1.17M |
| TPH Asset Management, LLC | 1.04M |
| TIAA CREF INVESTMENT MANAGEMENT LLC | 0.82M |
| TEACHERS ADVISORS INC | 0.56M |
| Parallax Volatility Advisers, L.P. | 0.55M |
| DIMENSIONAL FUND ADVISORS LP | 0.52M |
| RUSSELL FRANK CO/ | 0.52M |
| BlackRock Group LTD | 0.49M |
| CITADEL ADVISORS LLC | 0.48M |
| Encompass Capital Advisors LLC | 0.48M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| Warburg Pincus Private Equity X O&G, L.P. | 60.98% (87670127) | AR / LPI / |
| WARBURG PINCUS LLC | 54.07% (77726490) | FNGN / LPI / NPBC / WEX / |
| Warburg Pincus Private Equity IX, L.P. | 25.19% (36215078) | BLDR / LPI / SYUT / |
| Buterbaugh Richard C Executive Vice President & CFO | 0.31% (438642) | LPI / |
| Schooley Daniel C Senior V.P. Midstream & Mktg | 0.21% (299630) | LPI / |
| Dornblaser Kenneth E Sr. VP & General Counsel | 0.16% (231089) | LPI / |
| SCHUYLER JERRY R Senior Advisor | 0.16% (226027) | LPI / PVA / ROSE / |
| Curth Patrick J Sr. VP - Exploration & Land | 0.16% (223564) | LPI / |
| Pierce Pamela S | 0.11% (163941) | LPI / |
| Parker Billy Zane | 0.11% (155152) | LPI / WPZ / |
| STILL JAY P PRESIDENT & COO | 0.10% (150362) | LPI / PXD / |
| Levy James R. | 0.08% (114044) | AR / LPI / |
| Beyer Michael VP - Controller & CAO | 0.07% (104287) | LPI / |
| WOLF DONALD D | 0.07% (97693) | BBEP / LPI / MWE / QRE / |
| SCOGGINS MYLES W | 0.06% (89826) | CIE / LPI / QEP / |
| KAGAN PETER | 0.06% (88788) | AR / LPI / NGLS / |
| SEGNER EDMUND P III | 0.05% (75340) | BBG / EXLP / LPI / MEP / |
| ROONEY L F III | 0.05% (74058) | HP / LPI / |
| Minton John E Sr. VP - Reservoir Engineering | 0.04% (59558) | LPI / |
| Foutch Randy A Chairman & CEO | 0.03% (46838) | HP / LNG / LPI / |
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