P/E ratio for Laredo Petroleum (LPI)
P/E ratio as of October 2023 (TTM): 1.10
According to Laredo Petroleum's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.09895. At the end of 2021 the company had a P/E ratio of 12.1.
P/E ratio history for Laredo Petroleum from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 12.1 | -3864.48% |
| 2020 | -0.3227 | -83.47% |
| 2019 | -1.95 | -174.97% |
| 2018 | 2.60 | -43.3% |
| 2017 | 4.59 | -139.63% |
| 2016 | -11.6 | 1417.73% |
| 2015 | -0.7637 | -113.86% |
| 2014 | 5.51 | -82.89% |
| 2013 | 32.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Pioneer Natural Resources PXD | 9.59 | 772.66% | 🇺🇸 USA |
 Ring Energy
REI | 1.88 | 70.94% | 🇺🇸 USA |
 Comstock Resources CRK | 2.84 | 158.29% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.