On Friday, Shares of Laredo Petroleum Inc (NYSE: LPI) showed the bullish trend with a higher momentum of 2.45 percent and ended its trading session at $9.62. The company traded total volume of 2.86M shares as contrast to its average volume of 4.30M shares. The company has a market value of $2.27B and about 230.52M shares outstanding. During the 52-week trading session, the minimum price at which share price traded was registered at $7.41 and reached the max level of $13.46.
Laredo Petroleum, Inc. (LPI) recently declared its 2018 first-quarter results, reporting net income attributable to common stockholders of $86.50M, or $0.36 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the first quarter of 2018 was $57.60M, or $0.24 per diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the first quarter of 2018 was $143.40M.
At March 31, 2018, the Company had cash and cash equivalents of about $56.0M and undrawn capacity under the senior secured credit facility of $945.0M, resulting in total liquidity of about $1.00B.
On April 19, 2018, in connection with the semi-annual redetermination of the Company’s senior secured credit facility, lenders increased the Company’s borrowing base to $1.30B and Laredo increased its elected commitment to $1.20B. The pricing grid for the facility was reduced by 75 basis points for drawn amounts at all utilization breakpoints.
At May 1, 2018, the Company had cash and equivalents of about $81.0M and available capacity under the senior secured credit facility of $1.090B, resulting in total available liquidity of about $1.170B.
The Company offered net profit margin of 63.50 percent while its gross profit margin was 62.90 percent. ROE was recorded as 95.40 percent while beta factor was 1.17. The stock, as of recent close, has shown the weekly upbeat performance of 4.23 percent which was maintained at -9.33 percent in this year.