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Laredo Petroleum Inc (LPI.N)

LPI.N on New York Stock Exchange

11.05USD
17 Jan 2018
Change (% chg)

$0.13 (+1.19%)
Prev Close
$10.92
Open
$10.97
Day's High
$11.25
Day's Low
$10.85
Volume
463,357
Avg. Vol
794,125
52-wk High
$15.14
52-wk Low
$9.46

Latest Key Developments (Source: Significant Developments)

Laredo Petroleum posts Q3 adj. earnings per share $0.13
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Laredo Petroleum Inc :Laredo Petroleum announces 2017 third-quarter financial and operating results.Q3 earnings per share $0.05.Q3 adjusted non-GAAP earnings per share $0.13.Q3 earnings per share view $0.14 -- Thomson Reuters I/B/E/S.Laredo Petroleum Inc - ‍in Q4 of 2017, Laredo expects to complete 20 wells, 12 of which are expected to "meaningfully" impact Q4 production​.Laredo Petroleum -‍ has increased 2017 capital budget to $630 million​.Laredo Petroleum Inc - produced ‍60,011 barrels of oil equivalent per day for Q3, an increase of approximately 17 pct from Q3 of 2016​.Laredo Petroleum Inc - ‍company is reiterating its anticipated full-year 2017 production growth guidance range of 16 pct - 19 pct as compared to 2016​.  Full Article

Laredo Petroleum says co entered into first amendment to fifth amended and restated credit agreement
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Laredo Petroleum Inc :Laredo Petroleum Inc - ‍on October 24, co entered into first amendment to fifth amended and restated credit agreement - SEC filing​.Laredo Petroleum Inc - ‍on Oct 20,pursuant to regular semi-annual redetermination,lenders reaffirmed borrowing base of $1 billion under senior credit facility​.Laredo Petroleum Inc - ‍company's aggregate elected commitment of $1.0 billion remained unchanged​.  Full Article

Laredo Petroleum announces redemption of 7 3/8 pct notes due 2022
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Laredo Petroleum Inc ::Laredo Petroleum announces redemption of 7 3/8% notes due 2022.Laredo Petroleum Inc - has called for redemption all $500 million principal amount of company's 7 3/8% senior notes due may 2022​.Laredo Petroleum Inc says ‍expects redemption to be completed on November 29, 2017​.  Full Article

Laredo Petroleum posts Q4 loss per share $0.08
Wednesday, 15 Feb 2017 

Laredo Petroleum Inc : Laredo Petroleum announces 2016 fourth-quarter and full-year financial and operating results . Q4 loss per share $0.08 . Q4 earnings per share view $0.15 -- Thomson Reuters I/B/E/S . Q4 adjusted non-GAAP earnings per share $0.16 . Laredo Petroleum Inc - expects to complete 12 horizontal development wells in Q1 of 2017 . Laredo Petroleum Inc - produced a company record 53,141 barrels of oil equivalent ("BOE") per day in Q4 of 2016 . Laredo Petroleum Inc says reiterating is previously stated anticipated full-year 2017 production growth guidance of at least 15 pct . Laredo Petroleum Inc sees 1Q-2017 production 52 - 54 mboe/d .Laredo petroleum Inc - sees 2Q-2017 production 55 - 58 mboe/d.  Full Article

Laredo Petroleum to report qtrly loss on derivatives of about $68.5 mln
Wednesday, 20 Jul 2016 

Laredo Petroleum Inc : At june 30, 2016, for 2017, company had hedged 3,677,375 barrels of oil at a weighted-average floor price of $60.00 per barrel . At june 30, 2016, for 2018, company had hedged 2,144,375 barrels of oil at a weighted-average floor price of $55.98 per barrel . At june 30, 2016, had hedges in place for remaining 2 qtrs of 2016 for 3.7 million barrels of oil at a weighted-average floor price of $67.13/barrel . Schedules Second-Quarter 2016 earnings conference call for august 4 and provides commodity derivatives update .For three months ended june 30, 2016, laredo expects to report a loss on derivatives of approximately $68.5 million.  Full Article

Laredo petroleum files to offer 12 mln shares - SEC filing
Thursday, 14 Jul 2016 

Laredo Petroleum Inc : Files to offer 12 million shares of its common stock - SEC filing .Says intends to use the net proceeds from the offering to repay borrowings under its senior secured credit facility.  Full Article

Laredo Petroleum acquires bolt-on Midland basin acreage
Thursday, 14 Jul 2016 

Laredo Petroleum Inc : Laredo Petroleum acquires bolt-on Midland basin acreage . Says deal valued at $125 million . Acquisition adds approximately 9,200 net acres . In early July, company hedged 2,007,500 barrels of oil for 2017 . Purchase includes about 300 net barrels of oil equivalent per day of Laredo-operated production from existing vertical wells .Hedged 444,000 barrels of ethane for 2017 at $11.24 per barrel and 375,000 barrels of propane for 2017 at $22.26 per barrel..  Full Article

Laredo Petroleum raises 2016 production outlook to 16.1 - 16.4 mln BOE
Wednesday, 11 May 2016 

Laredo Petroleum : Board of directors has approved a revised capital budget of $420 million for 2016 . Increases estimated 2016 production to 16.1 - 16.4 million boe . Expects to operate three horizontal rigs for entirety of 2016, anticipates drilling approximately 45 to 49 gross horizontal wells . Earth model combined with optimized completions on all wells in 2016 .Laredo Petroleum increases 2016 full-year capital budget and production guidance.  Full Article

Laredo Petroleum prices offering of common stock
Wednesday, 11 May 2016 

Laredo Petroleum Inc : Pricing of underwritten public offering of 9.5 million shares of common stock for total gross proceeds of about$105.9 million .Laredo petroleum prices offering of common stock.  Full Article

Laredo Petroleum announces 9.5 mln stock offering
Tuesday, 10 May 2016 

Laredo Petroleum Inc : Commencement of an underwritten public offering of 9,500,000 shares of its common stock . To use net proceeds from sale of shares of common stock to repay borrowings under its senior secured credit facility .Laredo petroleum announces offering of common stock.  Full Article

BRIEF-Laredo Petroleum posts Q3 adj. earnings per share $0.13

* Laredo Petroleum announces 2017 third-quarter financial and operating results