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About Laredo Petroleum

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Latest Laredo Petroleum News

Laredo Petroleum's Return On Capital Employed Insights - Laredo Petroleum (NYSE:LPI)

Nov 25, 2022

Benzinga By Benzinga Insights According to Benzinga Pro, during Q3, Laredo Petroleum LPI earned $337.52 million, a 28.56% increase from the preceding quarter. Laredo Petroleum's sales decreased to $464.11 million, a 17.15% change since Q2. In Q2, Laredo Petroleum earned $262.55 million, whereas sales reached $560.16 million. Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q3, Laredo Petroleum posted an ROCE of 0.34%. AD AD Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future. ROCE is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROCE shows Laredo Petroleum is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth.

Laredo Petroleum Acquisitions

1 Acquisition

Laredo Petroleum acquired 1 company. Their latest acquisition was Broad Oak Energy on July 08, 2011.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/8/2011

Private Equity

$99M

$158.2M

Acquired

1

Date

7/8/2011

Investment Stage

Private Equity

Companies

Valuation

$99M

Total Funding

$158.2M

Note

Acquired

Sources

1

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