Laredo Petroleum Inc. (LPI): What the Financials Tell Us ?

Laredo Petroleum Inc. (NYSE:LPI) saw a downside of -5.22% to $78.75 after subtracting -$4.34 on Wednesday. The 5-day average trading volume is 760,942 shares of the company’s common stock. It has gained $96.96 in the past week. An average of 872,640 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 788,228.

LPI’s 1-month performance is 26.78% or $13.37 on its low of $61.23 reached on 09/14/21. The company’s shares have touched a 52-week low of $7.71 and high of $99.26, with the stock’s rally to the 52-week high happening on 07/01/21. YTD, LPI has achieved 321.78% or $59.21. However, the current price is down -20.66%% from the 52-week high price.

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Insider Transactions

On Aug 10, 64 days have gone by since the last insider trading activity for Laredo Petroleum Inc. (LPI). PIGOTT M. JASON (President & CEO) most recently sold 5,000 shares at $48.12 per share on Aug 10. This transaction cost the insider $240,600. Sr VP & CFO, Lemmerman Bryan, sold 5,000 shares at a price of $45.33 on Aug 09. Then, on Aug 09, SVP, Gen. Counsel & Secretary Denny Mark David sold 6,125 shares at a price of $45.65 per share. This transaction amounted to $279,606.

Valuation Metrics

Laredo Petroleum Inc. (LPI) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.59 for the sector. The company’s PE ratio for the last five years has touched a high of 27.10 and a low of 1.246. LPI stock has a beta of 4.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.50 while the price to cash flow ratio at 3.42.

Laredo Petroleum Inc.’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.60 meaning that LPI stock is not able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 57.10%. The trailing 12-month EBITDA margin is 40.77% while for the period ending June 29; Laredo Petroleum Inc.’s operating margin was -1.40%. The firm’s gross profit as reported stood at -$861.73 million against revenue of $677.19 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected LPI to announce $2.46 per share in earnings in its latest quarter, but it posted $1.71, representing a -30.50% surprise. EBITDA for the quarter stood at more than $152.2 million. LPI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.94 billion, with total debt at $1.33 billion. Shareholders hold equity totaling $16.07 million

Technical Picture

Let’s look briefly at Laredo Petroleum Inc. (LPI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 44.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 66.95%.

The stock’s 5-day moving average is $86.45, reflecting a -7.64% or -$6.53 change from its current price. LPI is currently trading +12.28% above its 20-day SMA, +52.39% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +49.59% and +299.95% respectively.

Stochastic %K and %D was 36.18% and 56.96% and the average true range (ATR) pointed at 6.64. The RSI (14) points at 51.62%, while the 14-day stochastic is at 13.84% with the period’s ATR at 6.26. The stock’s 9-day MACD Oscillator is pointing at -3.09 and -2.65 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Laredo Petroleum Inc. (NYSE: LPI), Siebert Williams Shank downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for LPI stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate LPI as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 3 have offered a “buy” rating.

What is LPI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $49.00 and a high of $119.00, with their median price target at $85.00. Looking at these predictions, the average price target given by analysts is for Laredo Petroleum Inc. (LPI) stock is $85.20.


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