Laredo Petroleum found using ticker (LPI) have now 9 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 162 and 72 calculating the average target price we see 99.22. Now with the previous closing price of 79.35 this would imply there is a potential upside of 25.0%. The 50 day MA is 70.82 and the 200 moving average now moves to 67.51. The market cap for the company is $1,306m. Company Website: https://www.laredopetro.com
The potential market cap would be $1,633m based on the market concensus.
Laredo Petroleum, an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company sells oil, natural gas liquids, and natural gas. As of December 31, 2021, it had assembled 166,064 net acres in the Permian Basin; and had total proved undeveloped reserves of 86,592 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings and changed its name to Laredo Petroleum in December 2013. Laredo Petroleum was incorporated in 2006 and is headquartered in Tulsa, Oklahoma.
