Laredo Petroleum found using ticker (LPI) have now 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 172 and 85 and has a mean target at 120.88. With the stocks previous close at 63.64 this would imply there is a potential upside of 89.9%. The day 50 moving average is 81.69 and the 200 moving average now moves to 73.61. The market capitalisation for the company is $1,111m. Company Website: https://www.laredopetro.com
The potential market cap would be $2,110m 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.
