Should You Buy Laredo Petroleum Inc (LPI) Stock After it Is Up 17.19% in a Week?

The market has been high on Laredo Petroleum Inc (LPI) stock recently. LPI gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

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

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

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 is trading at $17.04 as of 11:56 AM on Monday, Aug 10, a gain of $1.19, or 7.51% from the previous closing price of $15.85. The stock has traded between $16.01 and $17.39 so far today. Volume today is low. So far 297,053 shares have traded compared to average volume of 499,856 shares.

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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 2019, the company reported net proves reserves of 294 million barrels of oil equivalent. Net production averaged about 81 thousand barrels per day in 2019 at a ratio of 66% oil and natural gas liquids and 34% natural gas.