Laredo Oil, Inc.

Laredo Oil, Inc.verified

LRDC

Price:

$0.474

Market Cap:

$34.98M

Laredo Oil, Inc., an oil exploration and production company, engages in the acquisition and exploration of mature oil fields, and recovers stranded oil from those fields using enhanced oil recovery methods. The company was formerly known as Laredo Mining, Inc. and changed its name to Laredo Oil, Inc. in October 2009. Laredo Oil, Inc. was incorporated in 2008 and is based in Austin, Texas.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2009-11-06

Stock Exchange

PNK

Ticker

LRDC

The ROE as of November 2024 (TTM) for Laredo Oil, Inc. (LRDC) is 26.03%

According to Laredo Oil, Inc.’s latest financial reports and current stock price. The company's current ROE is 26.03%. This represents a change of 268.23% compared to the average of 7.07% of the last 4 quarters.

Laredo Oil, Inc. (LRDC) Historical ROE (quarterly & annually)

How has LRDC ROE performed in the past?

The mean historical ROE of Laredo Oil, Inc. over the last ten years is 24.44%. The current 26.03% ROE has changed 6.52% with respect to the historical average. Over the past ten years (40 quarters), LRDC's ROE was at its highest in in the November 2021 quarter at 28.70%. The ROE was at its lowest in in the August 2021 quarter at -65.59%.

Quarterly (TTM)
Annual

Average

24.44%

Median

19.54%

Minimum

-14.17%

Maximum

61.24%

Laredo Oil, Inc. (LRDC) ROE by Quarter and Year

Discovering the peaks and valleys of Laredo Oil, Inc. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 26.49%

Maximum Annual ROE = 61.24%

Minimum Annual Increase = -532.13%

Minimum Annual ROE = -14.17%

Quarterly (TTM)
Annual
YearROEChange
202425.63%-58.15%
202361.24%-532.13%
2022-14.17%-205.36%
202113.45%23.82%
202010.86%26.49%
20198.59%-236.55%
2018-6.29%-112.44%
201750.57%3.10%
201649.05%7.89%
201545.46%-48.76%

Laredo Oil, Inc. (LRDC) Average ROE

How has LRDC ROE performed in the past?

The current ROE of Laredo Oil, Inc. (LRDC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

24.23%

5-year avg

19.40%

10-year avg

24.44%

Laredo Oil, Inc. (LRDC) ROE vs. Peers

How is LRDC’s ROE compared to its peers?

Laredo Oil, Inc.’s ROE is less than ARC Resources Ltd. (15.72%), less than Freehold Royalties Ltd. (16.17%), greater than Capricorn Energy PLC (-42.17%), greater than Diversified Energy Company PLC (-252.83%), less than PrairieSky Royalty Ltd. (8.08%), less than MEG Energy Corp. (0%), less than Tourmaline Oil Corp. (12.84%), less than Cardinal Energy Ltd. (10.71%), less than Callon Petroleum Company (12.73%), less than SandRidge Energy, Inc. (4.75%), less than SilverBow Resources, Inc. (14.38%), less than Earthstone Energy, Inc. (17.54%), less than Permian Resources Corporation (26.29%), less than Baytex Energy Corp. (13.36%), greater than Magnolia Oil & Gas Corporation (-9.95%), less than Vital Energy, Inc. (20.63%), less than Kimbell Royalty Partners, LP (16.29%), less than Black Stone Minerals, L.P. (6.62%), less than Sabine Royalty Trust (33.71%), less than PermRock Royalty Trust (1.10%), less than Dorchester Minerals, L.P. (6.90%), less than null (48.72%),

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