Laredo Petroleum with ticker code (LPI) now have 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 172 and 85 calculating the average target price we see 118.57. Given that the stocks previous close was at 72.74 this indicates there is a potential upside of 63.0%. The 50 day moving average now sits at 73.3 and the 200 moving average now moves to 73.56. The company has a market capitalisation of $1,190m. You can visit the company’s website by visiting: https://www.laredopetro.com
The potential market cap would be $1,939m 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.
