Report
Dave Meats
EUR 101.80 For Business Accounts Only

Laredo Initiates Buyback Program After In-Line 4Q

Laredo’s fourth-quarter financial and operating results were generally consistent with guidance and consensus estimates. Production for the period came in at 61.9 mboe/d, which was 3% higher sequentially and 17% higher year over year (guidance was 61-64 mboe/d). That drove adjusted EBITDA and adjusted EPS to $135 million and $0.19, respectively, in line with consensus forecasts of $133 million and $0.20.

Concurrently, management announced the initiation of a $200 million share repurchase prog...
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Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Dave Meats

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