A Director at Laredo Petroleum (LPI) is Selling Shares

Yesterday, a Director at Laredo Petroleum (NYSE: LPI), Peter Kagan, sold shares of LPI for $105.4M.

In addition to Peter Kagan, 2 other LPI executives reported Sell trades in the last month.

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Based on Laredo Petroleum’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $351 million and quarterly net profit of $33.45 million. In comparison, last year the company earned revenue of $187 million and had a net profit of $61.11 million. LPI’s market cap is $1.82B and the company has a P/E ratio of 3.76. Currently, Laredo Petroleum has an average volume of 15.86M.

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Laredo Petroleum, Inc. engages in the acquisition, exploration, and development of oil and natural gas properties. It operates through two segments: Exploration & Production and Midstream & Marketing. The Exploration & Production segment is engaged in the acquisition, exploration and development of oil and natural gas properties.