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

Thursday, August 18, 2022 01:19 PM | InvestorsObserver Analysts

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

The market has been high on Laredo Petroleum Inc (LPI) stock recently. LPI gets a Bullish score from InvestorsObserver 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!

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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With LPI Stock Today?

Laredo Petroleum Inc (LPI) stock is trading at $73.82 as of 1:17 PM on Thursday, Aug 18, a gain of $4.56, or 6.58% from the previous closing price of $69.26. The stock has traded between $70.18 and $74.09 so far today. Volume today is less active than usual. So far 440,610 shares have traded compared to average volume of 740,644 shares.

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.