Laredo Petroleum with ticker code (LPI) have now 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 127 and 71 with the average target price sitting at 90.25. Given that the stocks previous close was at 67.51 this is indicating there is a potential upside of 33.7%. There is a 50 day moving average of 67.16 and the 200 moving average now moves to 73.84. The company has a market cap of $1,031m. You can visit the company’s website by visiting: https://www.laredopetro.com
The potential market cap would be $1,378m based on the market concensus.
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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.