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Do Traders Think Laredo Petroleum Inc (LPI) Can Turn Around Thursday?

Thursday, May 06, 2021 02:43 PM | InvestorsObserver Analysts

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Do Traders Think Laredo Petroleum Inc (LPI) Can Turn Around Thursday?

Laredo Petroleum Inc (LPI) stock is down 13.38% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Laredo Petroleum Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LPI!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With LPI Stock Today?

Laredo Petroleum Inc (LPI) stock has fallen -17.61% while the S&P 500 has gained 0.21% as of 2:38 PM on Thursday, May 6. LPI is lower by -$7.64 from the previous closing price of $43.38 on volume of 1,189,739 shares. Over the past year the S&P 500 has gained 45.60% while LPI has gained 78.70%. LPI lost -$74.92 per share in the over the last 12 months.

To screen for more stocks like Laredo Petroleum Inc click here.

More About Laredo Petroleum Inc

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.

Click Here to get the full Stock Score Report on Laredo Petroleum Inc (LPI) Stock.

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