On Friday, Shares of Laredo Petroleum Inc. (NYSE: LPI) rose 2.09% to $3.17. The stock traded total volume of 4,533,933 shares lower than the average volume of 5.42M shares.
Laredo Petroleum, Inc. (LPI) recently declared its 2018 fourth-quarter and full-year results.
For the fourth quarter of 2018, the Company stated net income attributable to common stockholders of $149.60M, or $0.65 per diluted share. Adjusted Net Income, a non-GAAP financial measure, for the fourth quarter of 2018 was $37.50M, or $0.16 per adjusted diluted share. Adjusted EBITDA, a non-GAAP financial measure, for the fourth quarter of 2018, was $132.40M.
For the year ended December 31, 2018, the Company stated net income attributable to common stockholders of $324.60M, or $1.39 per diluted share. Adjusted Net Income for the year ended December 31, 2018 was $216.40M, or $0.93 per adjusted diluted share, and Adjusted EBITDA was $588.90M.
2018 Capital Program:
During the fourth quarter of 2018, the Company invested about $132.0M in exploration and development activities. Other expenditures incurred during the quarter included about $2.0M in bolt-on leasing, lease extensions and data, about $5.0M in infrastructure, counting LMS investments, and about $9.0M in other capitalized costs. In Addition To, the Company accomplished property acquisitions of about $1.0M that were not formerly budgeted.
For full-year 2018, Laredo invested about $575.0M in exploration and development activities. Other expenditures incurred during the year included about $12.0M in bolt-on leasing, lease extensions and data, about $23.0M in infrastructure, counting LMS investments, and about $34.0M in other capitalized costs. Moreover, the Company accomplished property acquisitions of about $17.0M that were not formerly budgeted.
LPI has the market capitalization of $716.14M and its EPS growth ratio for the past five years was 9.90%. The return on assets ratio of the Company was 14.40% while its return on investment ratio stands at 16.00%. Price to sales ratio was 0.65.
