Laredo Petroleum – Consensus Indicates Potential 42.8% Upside

Broker Ratings

Laredo Petroleum found using ticker (LPI) now have 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 194 and 85 with the average target price sitting at 123.63. Given that the stocks previous close was at 86.55 this now indicates there is a potential upside of 42.8%. There is a 50 day moving average of 82.53 and the 200 day moving average is 73.85. The company has a market capitalisation of $1,396m. Visit the company website at: https://www.laredopetro.com

The potential market cap would be $1,994m 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.

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