Overall market sentiment has been high on Laredo Petroleum Inc (LPI) stock lately. LPI receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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 -3.86% while the S&P 500 has gained 0.39% as of 3:26 PM on Friday, Nov 20. LPI has fallen -$0.44 from the previous closing price of $11.40 on volume of 439,154 shares. Over the past year the S&P 500 is higher by 15.23% while LPI has fallen -75.09%. LPI lost -$81.54 per share in the over the last 12 months.
To see the top 5 stocks in the Oil & Gas E&P industry 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 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.
Click Here to get the full Stock Score Report on Laredo Petroleum Inc (LPI) Stock.
