Laredo Petroleum found using ticker (LPI) now have 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 197 and 90 and has a mean target at 133.63. Now with the previous closing price of 87.5 this would imply there is a potential upside of 52.7%. The day 50 moving average is 80.75 while the 200 day moving average is 74.15. The market capitalisation for the company is $1,351m. You can visit the company’s website by visiting: https://www.laredopetro.com
The potential market cap would be $2,063m 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.
