Laredo Petroleum with ticker code (LPI) now have 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 204 and 90 with the average target price sitting at 132. Now with the previous closing price of 67.01 this would imply there is a potential upside of 97.0%. The 50 day MA is 73.57 while the 200 day moving average is 69.66. The company has a market capitalisation of $1,224m. Visit the company website at: https://www.laredopetro.com
The potential market cap would be $2,412m 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.
