5 Best Undervalued Stocks To Buy Now

1. Laredo Petroleum, Inc. (NYSE:LPI)

Forward P/E ratio as of December 19: 1.65

Number of Hedge Fund Holders: 20

Laredo Petroleum, Inc. (NYSE:LPI) operates exclusively in the Permian and Mid-Continent regions of the United States as an independent oil and gas company. It focuses on the exploration, development, and acquisition of natural gas and oil properties.

On December 12, 2022, John Freeman, an analyst at Raymond James, reduced his price target on Laredo Petroleum, Inc. (NYSE:LPI) to $63 while keeping an Outperform rating on the stock.

According to Insider Monkey’s database, 20 hedge funds held shares of the company at the end of the third quarter of 2022. Millennium Management was the most bullish fund on the company’s stock at the end of Q3 2022.

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