Laredo Petroleum found using ticker (LPI) have now 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 194 and 85 calculating the average target price we see 123.63. Given that the stocks previous close was at 77.83 this would indicate that there is a potential upside of 58.8%. The 50 day MA is 80.21 and the 200 day moving average is 73.72. The company has a market cap of $1,460m. You can visit the company’s website by visiting: https://www.laredopetro.com
The potential market cap would be $2,319m 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.
