Laredo Petroleum with ticker code (LPI) now have 7 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 172 and 85 with a mean TP of 118.57. Given that the stocks previous close was at 65.71 this would imply there is a potential upside of 80.4%. The 50 day MA is 78.49 while the 200 day moving average is 73.29. The market capitalisation for the company is $1,185m. Find out more information at: https://www.laredopetro.com
The potential market cap would be $2,138m 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.
