Laredo Petroleum found using ticker (LPI) now have 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 126 and 70 and has a mean target at 91.7. With the stocks previous close at 71.58 this would indicate that there is a potential upside of 28.1%. The day 50 moving average is 66.22 and the 200 moving average now moves to 62.01. The company has a market cap of $1,184m. Company Website: https://www.laredopetro.com
The potential market cap would be $1,517m 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. 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.
