How Will the Market React to Laredo Petroleum Inc (LPI) Stock Getting a Neutral Rating

Tuesday, January 03, 2023 03:13 PM | InvestorsObserver Analysts

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How Will the Market React to Laredo Petroleum Inc (LPI) Stock Getting a Neutral Rating

Overall market sentiment has been neutral on Laredo Petroleum Inc (LPI) stock lately. LPI receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Laredo Petroleum Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on LPI!

See Full LPI Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With LPI Stock Today?

Laredo Petroleum Inc (LPI) stock is trading at $47.80 as of 3:11 PM on Tuesday, Jan 3, a decline of -$3.62, or -7.05% from the previous closing price of $51.43. The stock has traded between $47.11 and $50.75 so far today. Volume today is light. So far 400,569 shares have traded compared to average volume of 698,020 shares. To see InvestorsObserver's Sentiment Score for 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 Report for Laredo Petroleum Inc stock.