Laredo Petroleum found using ticker (LPI) now have 8 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 204 and 80 and has a mean target at 131.63. Now with the previous closing price of 80.15 this now indicates there is a potential upside of 64.2%. The 50 day MA is 79.97 and the 200 day MA is 74.6. The company has a market capitalisation of $1,278m. Company Website: https://www.laredopetro.com
The potential market cap would be $2,099m 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.
