Laredo Petroleum found using ticker (LPI) now have 7 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 172 and 85 with a mean TP of 119.71. Now with the previous closing price of 71.71 this indicates there is a potential upside of 66.9%. There is a 50 day moving average of 73.15 and the 200 moving average now moves to 73.74. The market cap for the company is $1,291m. Visit the company website at: https://www.laredopetro.com
The potential market cap would be $2,155m 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.
