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Laredo Petroleum

DB:8LP
Snowflake Description

Moderate growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8LP
DB
$80M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

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. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
  • Laredo Petroleum has significant price volatility in the past 3 months.
8LP Share Price and Events
7 Day Returns
4.5%
DB:8LP
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-91.5%
DB:8LP
28.1%
DE Oil and Gas
-16.6%
DE Market
8LP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Laredo Petroleum (8LP) 4.5% -53% -90.1% -91.5% -98.3% -
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 8LP underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • 8LP underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
8LP
Industry
5yr Volatility vs Market

8LP Value

 Is Laredo Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Laredo Petroleum. This is due to cash flow or dividend data being unavailable. The share price is €0.234.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Laredo Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Laredo Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:8LP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-1.48
NYSE:LPI Share Price ** NYSE (2020-04-07) in USD $0.34
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Laredo Petroleum.

DB:8LP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:LPI Share Price ÷ EPS (both in USD)

= 0.34 ÷ -1.48

-0.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Laredo Petroleum is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Laredo Petroleum is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Laredo Petroleum's expected growth come at a high price?
Raw Data
DB:8LP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
60.7%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Laredo Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Laredo Petroleum's assets?
Raw Data
DB:8LP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $3.63
NYSE:LPI Share Price * NYSE (2020-04-07) in USD $0.34
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:8LP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:LPI Share Price ÷ Book Value per Share (both in USD)

= 0.34 ÷ 3.63

0.09x

* Primary Listing of Laredo Petroleum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Laredo Petroleum is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Laredo Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Laredo Petroleum has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

8LP Future Performance

 How is Laredo Petroleum expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
60.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Laredo Petroleum expected to grow at an attractive rate?
  • Laredo Petroleum's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Laredo Petroleum's earnings growth is expected to exceed the Germany market average.
  • Laredo Petroleum's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:8LP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:8LP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 60.7%
DB:8LP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts -10%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:8LP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:8LP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 717 275 49 1
2022-12-31 587 352 -56 3
2021-12-31 558 276 -49 6
2020-12-31 657 389 83 5
2020-04-08
DB:8LP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 837 475 -342
2019-09-30 834 496 49
2019-06-30 921 536 369
2019-03-31 1,055 469 229
2018-12-31 1,106 538 325
2018-09-30 1,131 521 584
2018-06-30 1,057 491 540
2018-03-31 893 468 567
2017-12-31 822 385 549
2017-09-30 766 383 122
2017-06-30 720 375 120
2017-03-31 680 364 -12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Laredo Petroleum's earnings are expected to grow significantly at over 20% yearly.
  • Laredo Petroleum's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:8LP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Laredo Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8LP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 -0.18 0.29 -0.80 4.00
2021-12-31 -0.16 0.20 -0.52 8.00
2020-12-31 0.35 0.47 0.24 8.00
2020-04-08
DB:8LP Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -1.48
2019-09-30 0.21
2019-06-30 1.60
2019-03-31 0.99
2018-12-31 1.40
2018-09-30 2.49
2018-06-30 2.28
2018-03-31 2.37
2017-12-31 2.30
2017-09-30 0.51
2017-06-30 0.51
2017-03-31 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Laredo Petroleum will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Laredo Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Laredo Petroleum has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

8LP Past Performance

  How has Laredo Petroleum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Laredo Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Laredo Petroleum does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Laredo Petroleum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Laredo Petroleum's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Laredo Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Laredo Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8LP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 837.28 -342.46 54.73
2019-09-30 834.45 48.84 62.61
2019-06-30 920.62 368.51 77.15
2019-03-31 1,055.03 228.58 92.93
2018-12-31 1,105.78 324.60 96.14
2018-09-30 1,130.83 583.58 98.66
2018-06-30 1,056.90 539.56 100.27
2018-03-31 892.85 567.22 95.44
2017-12-31 822.16 548.97 96.31
2017-09-30 766.14 121.99 98.30
2017-06-30 720.06 120.45 99.41
2017-03-31 679.83 -12.09 97.90
2016-12-31 597.38 -260.74 91.76
2016-09-30 536.34 -1,206.97 88.51
2016-06-30 526.95 -2,064.23 85.32
2016-03-31 562.50 -2,389.84 88.02
2015-12-31 606.64 -2,209.94 90.43
2015-09-30 720.66 -1,044.01 90.26
2015-06-30 770.56 -112.82 94.43
2015-03-31 771.27 265.31 100.77
2014-12-31 793.89 265.57 106.57
2014-09-30 710.01 132.62 104.75
2014-06-30 680.61 61.03 102.07
2014-03-31 674.86 115.23 92.34
2013-12-31 665.26 116.58 85.00
2013-09-30 663.17 60.12 81.32
2013-06-30 636.17 41.03 71.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Laredo Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Laredo Petroleum has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Laredo Petroleum improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Laredo Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Laredo Petroleum has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

8LP Health

 How is Laredo Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Laredo Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Laredo Petroleum is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Laredo Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Laredo Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Laredo Petroleum Company Filings, last reported 3 months ago.

DB:8LP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 841.87 1,170.42 40.86
2019-09-30 1,079.25 979.97 31.69
2019-06-30 1,344.32 1,029.53 55.80
2019-03-31 1,171.43 1,064.08 44.54
2018-12-31 1,174.23 983.64 45.15
2018-09-30 1,015.11 963.19 50.41
2018-06-30 959.17 902.75 36.60
2018-03-31 941.83 847.30 55.89
2017-12-31 765.58 791.86 112.16
2017-09-30 346.23 1,440.97 20.82
2017-06-30 324.40 1,390.28 35.02
2017-03-31 252.91 1,349.59 30.35
2016-12-31 180.57 1,353.91 32.67
2016-09-30 187.10 1,353.23 30.36
2016-06-30 9.16 1,392.88 19.31
2016-03-31 -45.72 1,476.89 12.10
2015-12-31 131.45 1,416.23 31.15
2015-09-30 1,088.68 1,415.57 76.40
2015-06-30 1,928.95 1,425.00 57.59
2015-03-31 2,319.11 1,851.23 569.09
2014-12-31 1,563.20 1,779.45 29.32
2014-09-30 1,354.70 1,576.36 55.76
2014-06-30 1,264.31 1,501.42 399.51
2014-03-31 1,275.60 1,501.48 547.52
2013-12-31 1,272.26 1,051.54 198.15
2013-09-30 1,195.35 1,051.60 265.27
2013-06-30 875.71 1,446.65 43.59
  • Laredo Petroleum's level of debt (139%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (113.3% vs 139% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if Laredo Petroleum has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Laredo Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Laredo Petroleum has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

8LP Dividends

 What is Laredo Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Laredo Petroleum dividends. Estimated to be 0% next year.
If you bought €2,000 of Laredo Petroleum shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Laredo Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Laredo Petroleum's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:8LP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:8LP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.00 1.00
2021-12-31 0.00 2.00
2020-12-31 0.00 3.00
2020-04-08

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Laredo Petroleum has not reported any payouts.
  • Unable to verify if Laredo Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Laredo Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Laredo Petroleum has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Laredo Petroleum's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Laredo Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Laredo Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Laredo Petroleum has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

8LP Management

 What is the CEO of Laredo Petroleum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jason Pigott
COMPENSATION $7,217,941
AGE 45
TENURE AS CEO 0.5 years
CEO Bio

Mr. Mikell J. Pigott, also known as Jason, has been the President and Director of Laredo Petroleum, Inc. since May 28, 2019 and is its Chief Executive Officer since October 1, 2019. Mr. Pigott served as Executive Vice President of Operations & Technical Services at Chesapeake Energy Corporation since August 2016 until April 2019. Mr. Pigott served as Executive Vice President of Operations - Southern Division at Chesapeake Energy Corporation from January 2015 to August 2016 and served as its Senior Vice President of Operations - Southern Division since August 2013. Before joining Chesapeake, he served in various positions at Anadarko and focused on all aspects of developing unconventional resources. His positions at Anadarko included General Manager of Eagle Ford from June to August 2013; General Manager of East Texas and North Louisiana from October 2010 to June 2013; Southern & Appalachia Planning Manager from October 2009 to October 2010; Reservoir Engineering Manager of East Texas and North Louisiana from July to October 2009; and Reservoir Engineering Manager of Bossier from 2007 to July 2009. Mr. Pigott received his Bachelor of Science in Petroleum Engineering from Texas A&M University in 1997, and his Master of Business Administration from the University of North Carolina, Kenan-Flagler School of Business in 2018.

CEO Compensation
  • Insufficient data for Jason to compare compensation growth.
  • Jason's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Laredo Petroleum management team in years:

1.5
Average Tenure
48
Average Age
  • The average tenure for the Laredo Petroleum management team is less than 2 years, this suggests a new team.
Management Team

Randy Foutch

TITLE
Founder & Non-Executive Chairman
COMPENSATION
$10M
AGE
67
TENURE
13.5 yrs

Jason Pigott

TITLE
President
COMPENSATION
$7M
AGE
45
TENURE
0.5 yrs

Michael Beyer

TITLE
Senior VP & CFO
COMPENSATION
$1M
AGE
43
TENURE
1 yrs

Tommye Chandler

TITLE
Senior VP & COO
COMPENSATION
$3M
AGE
48
TENURE
1.5 yrs

Mark Denny

TITLE
Senior VP
COMPENSATION
$1M
TENURE
1.7 yrs

Brandon Brown

TITLE
VP & Chief Information Officer
TENURE
0.7 yrs

Ron Hagood

TITLE
Vice President of Investor Relations
TENURE
2.4 yrs

Benjamin Klein

TITLE
Vice President of Midstream & Marketing
TENURE
2.6 yrs

Kim Harding

TITLE
Vice President of Human Resources
AGE
49
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Laredo Petroleum board of directors in years:

7.9
Average Tenure
64
Average Age
  • The tenure for the Laredo Petroleum board of directors is about average.
Board of Directors

Jason Pigott

TITLE
President
COMPENSATION
$7M
AGE
45
TENURE
0.9 yrs

Bill Scoggins

TITLE
Independent Director
COMPENSATION
$261K
AGE
71
TENURE
7.9 yrs

Randy Foutch

TITLE
Founder & Non-Executive Chairman
COMPENSATION
$10M
AGE
67
TENURE
13.5 yrs

Frances R. Hawes

TITLE
Independent Director
COMPENSATION
$265K
AGE
64
TENURE
1.3 yrs

Ed Segner

TITLE
Lead Independent Director
COMPENSATION
$285K
AGE
65

Peter Randall Kagan

TITLE
Independent Director
COMPENSATION
$250K
AGE
51
TENURE
12.8 yrs

James Levy

TITLE
Independent Director
COMPENSATION
$250K
AGE
43
TENURE
12.9 yrs

Pam Pierce

TITLE
Independent Director
COMPENSATION
$270K
AGE
64
TENURE
12.9 yrs

Craig Jarchow

TITLE
Independent Director
COMPENSATION
$46K
AGE
58
TENURE
0.3 yrs

Bill Albrecht

TITLE
Independent Director
AGE
67
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Laredo Petroleum individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. Mar 20 Buy Mikell Pigott Individual 28. Feb 20 28. Feb 20 100,000 €0.91 €90,930
02. Mar 20 Buy William Albrecht Individual 28. Feb 20 28. Feb 20 100,000 €0.91 €90,462
14. Aug 19 Sell Charles Kaye Individual 12. Aug 19 12. Aug 19 -69,874 €2.46 €-171,812
08. May 19 Sell SailingStone Capital Partners LLC Company 12. Mar 19 26. Apr 19 -188,427 €2.84 €-527,975
X
Management checks
We assess Laredo Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Laredo Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

8LP News

Simply Wall St News

8LP Company Info

Description

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. The company also provides midstream and marketing services comprising transportation and marketing of oil and natural gas; and natural gas lift systems, crude oil and natural gas gathering, and water delivery and takeaway services. As of December 31, 2018, it had assembled 120,617 net acres in the Permian Basin; and had total proved reserves of 238,167 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 founded in 2006 and is headquartered in Tulsa, Oklahoma.

Details
Name: Laredo Petroleum, Inc.
8LP
Exchange: DB
Founded: 2006
$74,123,025
233,904,283
Website: http://www.laredopetro.com
Address: Laredo Petroleum, Inc.
15 West Sixth Street,
Suite 900,
Tulsa,
Oklahoma, 74119,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE LPI Common Stock New York Stock Exchange US USD 15. Dec 2011
DB 8LP Common Stock Deutsche Boerse AG DE EUR 15. Dec 2011
Number of employees
Current staff
Staff numbers
280
Laredo Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 00:25
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.