Laredo Petroleum Inc. (NYSE:LPI) traded today at a new 52-week high of $46.14. Approximately 568,000 shares have changed hands today, as compared to an average 30-day volume of 505,000 shares.
Laredo Petroleum is an independent oil and gas producer in the United States. It operates exclusively in the Permian (Midland) Basin. At the end of 2020, the company reported net proves reserves of 278 million barrels of oil equivalent. Net production averaged about 88 thousand barrels per day in 2020 at a ratio of 64% oil and natural gas liquids and 34% natural gas.
Laredo Petroleum Inc. (NYSE:LPI) defies analysts with a current price ($46.08) 18.8% above its average consensus price target of $37.42.
In the past 52 weeks, shares of Laredo Petroleum Inc. have traded between a low of $7.71 and a high of $46.14 and is now at $46.08, which is 498% above that low price.
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