Laredo Petroleum with ticker code (LPI) have now 8 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 127 and 63 with the average target price sitting at 86.5. Given that the stocks previous close was at 53.65 this is indicating there is a potential upside of 61.2%. The 50 day moving average now sits at 63.64 and the 200 day moving average is 72.63. The company has a market cap of $895m. Company Website: https://www.laredopetro.com
The potential market cap would be $1,442m 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.
