Laredo Petroleum with ticker code (LPI) now have 9 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 162 and 72 with a mean TP of 97.89. Now with the previous closing price of 68.99 this would imply there is a potential upside of 41.9%. The 50 day MA is 65.64 and the 200 moving average now moves to 63.66. The market capitalisation for the company is $1,162m. Company Website: https://www.laredopetro.com
The potential market cap would be $1,649m 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.
