▲ +315.53% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Laredo Petroleum in the last 3 months. The average price target is $39.60, with a high forecast of $112.00 and a low forecast of $12.00. The average price target represents a 315.53% upside from the last price of $9.53.
The current consensus among 10 contributing investment analysts is to hold stock in Laredo Petroleum.
Laredo Petroleum, Inc., 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 also engages in midstream and marketing infrastructure activities, including transportation and marketing of oil and natural gas, and handling of fresh, recycled, and produced water, as well as operates natural gas lift facilities. As of December 31, 2019, it had assembled 133,512 net acres in the Permian Basin; and had total proved reserves of 293,377 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings, Inc. and changed its name to Laredo Petroleum, Inc. in December 2013. Laredo Petroleum, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma.