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. It engages in the sale of oil, natural gas liquids, and natural gas. The company also engages in the integrated oil and natural gas gathering and transportation systems and related facilities; centralized oil storage tanks; natural gas lift, fuel for drilling, and completions activities; centralized compression infrastructure; and water storage, recycling and transportation facilities. As of December 31, 2020, it had assembled 133,199 net acres in the Permian Basin; and had total proved reserves of 24,642 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.
IPO Year: 2011
Exchange: NYSE
Website: laredopetro.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/5/2022 | $69.00 | Neutral → Underweight | JP Morgan |
| 10/5/2022 | $103.00 → $83.00 | Overweight → Neutral | Piper Sandler |
| 4/7/2022 | $93.00 → $115.00 | Neutral → Overweight | Piper Sandler |
| 3/10/2022 | $79.00 → $93.00 | Neutral | Piper Sandler |
| 3/3/2022 | $86.00 → $120.00 | Hold → Buy | Siebert Williams Shank |
| 12/6/2021 | $105.00 → $85.00 | Outperform | Raymond James |
| 10/26/2021 | $100.00 → $105.00 | Outperform | Raymond James |
| 10/21/2021 | $49.00 → $81.00 | Neutral | Piper Sandler |
| 10/13/2021 | $68.00 → $69.00 | Underweight | Wells Fargo |
| 8/23/2021 | $71.00 → $61.00 | Underweight | Wells Fargo |
TULSA, OK, June 28, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today announced that John Driver and Shihab Kuran have been appointed as independent members of its Board of Directors (the "Board"), effective June 24, 2022. Mr. Driver is a technology entrepreneur and innovator with leadership experience in large, public and privately-held multinational companies and early-stage startups. He currently leads Lynx Technology, a digital media technology company he founded through a management buyout of the multinational Connected Home operations of PacketVideo, a subsidiary of NTT DoCoMo. Previously, Mr. Driver served as Chief Operating Officer and Ch
8-K/A - Vital Energy, Inc. (0001528129) (Filer)
8-K/A - Vital Energy, Inc. (0001528129) (Filer)
8-K - Vital Energy, Inc. (0001528129) (Filer)
8-K - Vital Energy, Inc. (0001528129) (Filer)
8-K/A - Vital Energy, Inc. (0001528129) (Filer)
8-K - Vital Energy, Inc. (0001528129) (Filer)
8-K - Vital Energy, Inc. (0001528129) (Filer)
8-K - Vital Energy, Inc. (0001528129) (Filer)
S-3ASR - Vital Energy, Inc. (0001528129) (Filer)
S-3ASR - Vital Energy, Inc. (0001528129) (Filer)
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4/A - Vital Energy, Inc. (0001528129) (Issuer)
4 - Vital Energy, Inc. (0001528129) (Issuer)
4 - Vital Energy, Inc. (0001528129) (Issuer)
4 - Vital Energy, Inc. (0001528129) (Issuer)
4 - Vital Energy, Inc. (0001528129) (Issuer)
4 - Vital Energy, Inc. (0001528129) (Issuer)
4 - Vital Energy, Inc. (0001528129) (Issuer)
4 - Vital Energy, Inc. (0001528129) (Issuer)
4 - Vital Energy, Inc. (0001528129) (Issuer)
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SC 13G/A - Vital Energy, Inc. (0001528129) (Subject)
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TULSA, OK, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today published its 2022 ESG and Climate Risk Report, which provides a comprehensive update on key ESG initiatives across the Company, as well as newly defined emissions reduction and water recycling targets. The report and data tables are available on the "Sustainability" page of the Company's website at www.laredopetro.com. Consistent with its goal to ensure everyone has access to the reliable, affordable energy resources needed to power their lives, Laredo will rebrand to Vital Energy on January 9, 2023, and will trade on the NYSE under the ticker "VTLE". 2022 ESG and Climate Ris
TULSA, OK, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today announced its third-quarter 2022 financial and operating results. Supplemental slides have been posted to the Company's website and can be found at www.laredopetro.com. A conference call and webcast to discuss the results is planned for 7:30 a.m. CT, Friday, November 4, 2022. Complete details can be found within this release. Third-Quarter 2022 Highlights Reported net income of $337.5 million and cash flows from operating activities of $182.6 million, generating Adjusted EBITDA1 of $222.8 million and Free Cash Flow1 of $51.4 millionReduced Net Debt1/Consolidated EBITDAX1 ratio
TULSA, OK, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today disclosed selected preliminary third-quarter 2022 financial and operating results. The Company plans to announce complete third-quarter 2022 financial and operating results after the market close on Thursday, November 3, 2022, with a conference call planned for the following day. Details can be found within this release. Third-Quarter 2022 Selected Preliminary Financial and Operating Results Production. The Company's third-quarter 2022 total production averaged ~79.5 thousand barrels of oil equivalent per day ("MBOEPD"), within guidance of 78.5 - 81.5 MBOEPD. Oil productio
TULSA, OK, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") will report third-quarter 2022 financial and operating results after the market close on Thursday, November 3, 2022, and will host a conference call and webcast on Friday, November 4, 2022, at 7:30 a.m. CT to discuss the results. To participate on the call, dial 800.715.9871, using conference code 1804797 or listen to the call via the Company's website at www.laredopetro.com, under the tab for "Investor Relations | Event Calendar." A replay will be available following the call via the Company's website. About Laredo Laredo Petroleum, Inc. is an independent energy company with headq
TULSA, OK, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today announced the signing of a purchase and sale agreement to divest certain non-operated properties in Howard County for $110 million, subject to customary closing price adjustments. The transaction is expected to close in October 2022, with an effective date of August 1, 2022. The non-operated assets comprise ~1,650 net acres and have expected full-year 2023 average net production of ~1,800 BOEPD (~72% oil). The Company plans to adjust production guidance post the closing of the transaction. The sale does not reduce the Company's eight-year inventory of operated, high-quality dri
TULSA, OK, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today announced its second-quarter 2022 financial and operating results. Supplemental slides have been posted to the Company's website and can be found at www.laredopetro.com. A conference call and webcast to discuss the results is planned for 7:30 a.m. CT, Thursday, August 4, 2022. Complete details can be found within this release. Highlights Reported net income of $262.5 million and cash flows from operating activities of $368.1 million, generating Adjusted EBITDA1 of $278.4 million and Free Cash Flow1 of $110.5 millionProduced 40,553 barrels of oil per day ("BOPD") and 87,032
TULSA, OK, July 13, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") will report second-quarter 2022 financial and operating results after the market close on Wednesday, August 3, 2022, and will host a conference call on Thursday, August 4, 2022, at 7:30 a.m. CT to discuss the results. To participate on the call, dial 800.715.9871, using conference code 6923767 or listen to the call via the Company's website at www.laredopetro.com, under the tab for "Investor Relations." A replay will be available following the call via the Company's website. About Laredo Laredo Petroleum, Inc. is an independent energy company with headquarters in Tulsa, Oklah
TULSA, OK, May 31, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today announced that its board of directors authorized a $200 million share repurchase program. The two-year program is authorized through May 27, 2024. Highlights: $200 million share repurchase program realizes the Company's commitment to begin returning significant cash to shareholders approximately nine months ahead of scheduleDebt repayment target updated to ~$700 million by year-end 2023On track to achieve targeted Net Debt1/Consolidated EBITDAX1 ratio target of 1.0x by first-quarter 2023Free Cash Flow1 for 2022-23 estimated at ~$900 million at current commodity prices "T
TULSA, OK, May 04, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today announced its first-quarter 2022 financial and operating results. A conference call and webcast to discuss the results is planned for 7:30 a.m. CT, Thursday, May 5, 2022. Complete details can be found within this release. First-Quarter 2022 Highlights Reported a net loss of $86.8 million and cash flows from operating activities of $170.9 million, generating Adjusted EBITDA1 of $222.1 million and Free Cash Flow1 of $23.2 millionReduced Net Debt1/Consolidated EBITDAX1 ratio to 1.9xProduced 40,295 barrels of oil per day ("BOPD") and 85,118 barrels of oil equivalent per day ("BOEPD
TULSA, OK, April 04, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") will report first-quarter 2022 financial and operating results after the market close on Wednesday, May 4, 2022, and will host a conference call on Thursday, May 5, 2022, at 7:30 a.m. CT to discuss the results. To participate on the call, dial 877.930.8286 (international dial-in 253.336.8309), using conference code 1653949 or listen to the call via the Company's website at www.laredopetro.com, under the tab for "Investor Relations." A telephonic replay will be available approximately two hours after the call by dialing 855.859.2056, using conference code 1653949. About Laredo Lare
JP Morgan downgraded Laredo Petroleum from Neutral to Underweight and set a new price target of $69.00
Piper Sandler downgraded Laredo Petroleum from Overweight to Neutral and set a new price target of $83.00 from $103.00 previously
Piper Sandler upgraded Laredo Petroleum from Neutral to Overweight and set a new price target of $115.00 from $93.00 previously
Piper Sandler reiterated coverage of Laredo Petroleum with a rating of Neutral and set a new price target of $93.00 from $79.00 previously
Siebert Williams Shank upgraded Laredo Petroleum from Hold to Buy and set a new price target of $120.00 from $86.00 previously
Raymond James reiterated coverage of Laredo Petroleum with a rating of Outperform and set a new price target of $85.00 from $105.00 previously
Raymond James reiterated coverage of Laredo Petroleum with a rating of Outperform and set a new price target of $105.00 from $100.00 previously
Piper Sandler reiterated coverage of Laredo Petroleum with a rating of Neutral and set a new price target of $81.00 from $49.00 previously
Wells Fargo reiterated coverage of Laredo Petroleum with a rating of Underweight and set a new price target of $69.00 from $68.00 previously
Wells Fargo reiterated coverage of Laredo Petroleum with a rating of Underweight and set a new price target of $61.00 from $71.00 previously
TULSA, OK, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today published its 2022 ESG and Climate Risk Report, which provides a comprehensive update on key ESG initiatives across the Company, as well as newly defined emissions reduction and water recycling targets. The report and data tables are available on the "Sustainability" page of the Company's website at www.laredopetro.com. Consistent with its goal to ensure everyone has access to the reliable, affordable energy resources needed to power their lives, Laredo will rebrand to Vital Energy on January 9, 2023, and will trade on the NYSE under the ticker "VTLE". 2022 ESG and Climate Ris
TULSA, OK, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today announced its third-quarter 2022 financial and operating results. Supplemental slides have been posted to the Company's website and can be found at www.laredopetro.com. A conference call and webcast to discuss the results is planned for 7:30 a.m. CT, Friday, November 4, 2022. Complete details can be found within this release. Third-Quarter 2022 Highlights Reported net income of $337.5 million and cash flows from operating activities of $182.6 million, generating Adjusted EBITDA1 of $222.8 million and Free Cash Flow1 of $51.4 millionReduced Net Debt1/Consolidated EBITDAX1 ratio
TULSA, OK, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today disclosed selected preliminary third-quarter 2022 financial and operating results. The Company plans to announce complete third-quarter 2022 financial and operating results after the market close on Thursday, November 3, 2022, with a conference call planned for the following day. Details can be found within this release. Third-Quarter 2022 Selected Preliminary Financial and Operating Results Production. The Company's third-quarter 2022 total production averaged ~79.5 thousand barrels of oil equivalent per day ("MBOEPD"), within guidance of 78.5 - 81.5 MBOEPD. Oil productio
TULSA, OK, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") will report third-quarter 2022 financial and operating results after the market close on Thursday, November 3, 2022, and will host a conference call and webcast on Friday, November 4, 2022, at 7:30 a.m. CT to discuss the results. To participate on the call, dial 800.715.9871, using conference code 1804797 or listen to the call via the Company's website at www.laredopetro.com, under the tab for "Investor Relations | Event Calendar." A replay will be available following the call via the Company's website. About Laredo Laredo Petroleum, Inc. is an independent energy company with headq
TULSA, OK, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today announced the signing of a purchase and sale agreement to divest certain non-operated properties in Howard County for $110 million, subject to customary closing price adjustments. The transaction is expected to close in October 2022, with an effective date of August 1, 2022. The non-operated assets comprise ~1,650 net acres and have expected full-year 2023 average net production of ~1,800 BOEPD (~72% oil). The Company plans to adjust production guidance post the closing of the transaction. The sale does not reduce the Company's eight-year inventory of operated, high-quality dri
TULSA, OK, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today announced its second-quarter 2022 financial and operating results. Supplemental slides have been posted to the Company's website and can be found at www.laredopetro.com. A conference call and webcast to discuss the results is planned for 7:30 a.m. CT, Thursday, August 4, 2022. Complete details can be found within this release. Highlights Reported net income of $262.5 million and cash flows from operating activities of $368.1 million, generating Adjusted EBITDA1 of $278.4 million and Free Cash Flow1 of $110.5 millionProduced 40,553 barrels of oil per day ("BOPD") and 87,032
TULSA, OK, July 13, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") will report second-quarter 2022 financial and operating results after the market close on Wednesday, August 3, 2022, and will host a conference call on Thursday, August 4, 2022, at 7:30 a.m. CT to discuss the results. To participate on the call, dial 800.715.9871, using conference code 6923767 or listen to the call via the Company's website at www.laredopetro.com, under the tab for "Investor Relations." A replay will be available following the call via the Company's website. About Laredo Laredo Petroleum, Inc. is an independent energy company with headquarters in Tulsa, Oklah
TULSA, OK, June 28, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today announced that John Driver and Shihab Kuran have been appointed as independent members of its Board of Directors (the "Board"), effective June 24, 2022. Mr. Driver is a technology entrepreneur and innovator with leadership experience in large, public and privately-held multinational companies and early-stage startups. He currently leads Lynx Technology, a digital media technology company he founded through a management buyout of the multinational Connected Home operations of PacketVideo, a subsidiary of NTT DoCoMo. Previously, Mr. Driver served as Chief Operating Officer and Ch
TULSA, OK, May 31, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today announced that its board of directors authorized a $200 million share repurchase program. The two-year program is authorized through May 27, 2024. Highlights: $200 million share repurchase program realizes the Company's commitment to begin returning significant cash to shareholders approximately nine months ahead of scheduleDebt repayment target updated to ~$700 million by year-end 2023On track to achieve targeted Net Debt1/Consolidated EBITDAX1 ratio target of 1.0x by first-quarter 2023Free Cash Flow1 for 2022-23 estimated at ~$900 million at current commodity prices "T
TULSA, OK, May 04, 2022 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE:LPI) ("Laredo" or the "Company") today announced its first-quarter 2022 financial and operating results. A conference call and webcast to discuss the results is planned for 7:30 a.m. CT, Thursday, May 5, 2022. Complete details can be found within this release. First-Quarter 2022 Highlights Reported a net loss of $86.8 million and cash flows from operating activities of $170.9 million, generating Adjusted EBITDA1 of $222.1 million and Free Cash Flow1 of $23.2 millionReduced Net Debt1/Consolidated EBITDAX1 ratio to 1.9xProduced 40,295 barrels of oil per day ("BOPD") and 85,118 barrels of oil equivalent per day ("BOEPD
Mizuho analyst Nitin Kumar initiates coverage on Laredo Petroleum, Inc. Common Stock (NYSE:LPI) with a Underperform rating and announces Price Target of $55.
On Thursday, 63 companies set new 52-week lows. Points of Interest From Today's 52-Week Lows: Palo Alto Networks (NASDAQ:PANW) was the largest company by market cap to set a new 52-week low. The company with the smallest market cap to set a new 52-week low was Novo Integrated Sciences (NASDAQ:NVOS). Silvergate Capital (NYSE:SI) was the biggest loser of the morning session, as it dropped 45.88% to reach its new 52-week low. Crescent Energy (NYSE:CRGY) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low. On Thursday, the following stocks set new 52-week lows: Palo Alto Networks (NASDAQ:PANW) shares were down 2.69% for the day, having made a 5
On Wednesday, 35 companies reached new 52-week lows. Significant Points From Today's 52-Week Lows: The largest company by market cap to hit a new 52-week low was Rivian Automotive (NASDAQ:RIVN). The smallest company on a market cap basis to set a new 52-week low was SCWorx (NASDAQ:WORX). Vera Therapeutics (NASDAQ:VERA) saw the most pronounced move, as shares traded down 60.93% to hit its new 52-week low. Forward Industries (NASDAQ:FORD)'s stock bounced back the most, actually rising 0.0% after reaching its new 52-week low. These stocks set new 52-week lows on Wednesday: Rivian Automotive (NASDAQ:RIVN) shares hit a yearly low of $16.56. The stock was down 1.67% on the session.
On Thursday, 116 companies set new 52-week lows. Noteable 52-Week Lows: Kilroy Realty (NYSE:KRC) was the biggest company on a market cap basis to set a new 52-week low. Akerna (NASDAQ:KERN) was the smallest company by market cap to set a new 52-week low. Jowell Global (NASDAQ:JWEL) shares traded down 9.76% to reach its 52-week low, making it the biggest loser. Tuesday Morning (NASDAQ:TUEM) saw the biggest bounce back on, as shares traded up 0.0% to rebound after it hit its new 52-week low. The following stocks set new 52-week lows on Thursday: Blackstone Mortgage Trust (NYSE:BXMT) shares set a new yearly low of $20.91 this morning. The stock was down 1.51% on the session. AMT
On CNBC’s "Mad Money Lightning Round," Jim Cramer said Tecnoglass Inc. (NYSE:TGLS) is "very smart. very good company." He added, "I would buy it if it came in a little. It’s had a very big run." When asked about AMC Entertainment Holdings, Inc. (NYSE:AMC), he said, "Going to take a pass on that. $5 is where it should be, and no higher." Don’t forget to check out our premarket coverage here . When asked about MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT), Cramer said, "I think that’s a good company." The "Mad Money" host said Laredo Petroleum, Inc. (NYSE:LPI) is a "second-rate oil producer." He prefers Pioneer Natural Resources Company (NYSE:PXD) over the former, adding that Pion
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust. Benzinga's Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncover
During Friday's trading, 293 companies set new 52-week lows. Areas of Significance In Today's 52-Week Lows: Tesla (NASDAQ:TSLA) was the largest firm by market cap to set a new 52-week low. The smallest company by market cap to set a new 52-week low was Versus Systems (NASDAQ:VS). NantHealth (NASDAQ:NH)'s stock moved significantly downwards, trading down 769.11% to reach a new 52-week low. GSI Technology (NASDAQ:GSIT) saw the biggest bounce back on, as shares traded up 0.0% to rebound after it hit its new 52-week low. Here are all the stocks that set new 52-week lows on Friday: Tesla (NASDAQ:TSLA) stock dropped to a yearly low on Friday of $152.33. Shares traded down 2.49%. Bl
What is a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching: Barnwell Industries (AMEX:BRN) - P/E: 3.89 Talos Energy (NYSE:TALO) - P/E: 3.44 Laredo Petroleum (NYSE:LPI) - P/E: 1.17 Tenaris (NYSE:TS) - P/E: 9.31 Delek US Hldgs (NYSE:DK) -
Raymond James analyst John Freeman reiterated an Outperform rating on the shares of Laredo Petroleum Inc (NYSE:LPI) and lowered the price target from $75 to $63. The analyst said Laredo did not have the best quarter after having run into some operational issues. The analyst added that they moved production guidance for the year lower thanks to offset fracs causing lackluster performance. The analyst also moved his full year 2023 capex up to ~$650 million to account for further inflation, and a second spot crew LPI will be running in the front half of the year. That being said, even after oil prices have taken a sharp turn lower, the analyst anticipated about $150 million of free cash f