Laredo Petroleum found using ticker (LPI) now have 9 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 162 and 72 calculating the average target price we see 99.78. Now with the previous closing price of 62.24 this would indicate that there is a potential upside of 60.3%. The 50 day MA is 66.01 while the 200 day moving average is 64.48. The company has a market cap of $1,164m. You can visit the company’s website by visiting: https://www.laredopetro.com
The potential market cap would be $1,866m 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.
