What is the Market's View on Laredo Petroleum Inc (LPI) Stock's Price and Volume Trends Monday?

Monday, December 19, 2022 12:52 PM | InvestorsObserver Analysts

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What is the Market's View on Laredo Petroleum Inc (LPI) Stock's Price and Volume Trends Monday?

Laredo Petroleum Inc (LPI) stock is lower by 3.82% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Laredo Petroleum Inc has a Bearish 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?

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With LPI Stock Today?

Laredo Petroleum Inc (LPI) stock is trading at $50.38 as of 12:44 PM on Monday, Dec 19, a decline of -$1.21, or -2.35% from the previous closing price of $51.59. The stock has traded between $49.70 and $53.19 so far today. Volume today is low. So far 300,417 shares have traded compared to average volume of 700,707 shares. 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 Report for Laredo Petroleum Inc stock.