Laredo Petroleum with ticker code (LPI) now have 8 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 204 and 80 calculating the mean target price we have 131.63. Now with the previous closing price of 76.12 this is indicating there is a potential upside of 72.9%. There is a 50 day moving average of 80.17 and the 200 day moving average is 74.56. The market capitalisation for the company is $1,387m. Visit the company website at: https://www.laredopetro.com
The potential market cap would be $2,398m 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.
