Laredo Petroleum with ticker code (LPI) now have 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 126 and 70 with the average target price sitting at 91.7. With the stocks previous close at 73.1 this now indicates there is a potential upside of 25.4%. The day 50 moving average is 66.25 while the 200 day moving average is 61.19. The company has a market cap of $1,246m. Company Website: https://www.laredopetro.com
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. It engages in the sale of oil, natural gas liquids, and natural gas. The company also engages in the integrated oil and natural gas gathering and transportation systems and related facilities; centralized oil storage tanks; natural gas lift, fuel for drilling, and completions activities; centralized compression infrastructure; and water storage, recycling and transportation facilities. As of December 31, 2020, it had assembled 133,199 net acres in the Permian Basin; and had total proved reserves of 24,642 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.
