Laredo Petroleum (LPI) Shares are Down -10.97%

Laredo Petroleum (LPI) : During the past 4 weeks, traders have been relatively bearish on Laredo Petroleum (LPI), hence the stock is down -8.7% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -11.44% relative to the S&P 500. The 4-week change in the price of the stock is -10.55% and the stock has fallen -10.97% in the past 1 week.

The stock has recorded a 20-day Moving Average of 7.97% and the 50-Day Moving Average is 1.42%.The 200 Day SMA reached 20.51% Laredo Petroleum, Inc. is up 2.22% in the last 3-month period. Year-to-Date the stock performance stands at 44.31%.


Laredo Petroleum (LPI) : The most positive equity analysts on Laredo Petroleum (LPI) expects the shares to touch $20, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $13.16 with an expected fluctuation of $3.11 from the mean.

Company shares have received an average consensus rating of Hold for the current week Laredo Petroleum (NYSE:LPI): The stock opened at $10.96 and touched an intraday high of $11.59 on Friday. During the day, the stock corrected to an intraday low of $10.96, however, the bulls stepped in and pushed the price higher to close in the green at $11.53 with a gain of 2.49% for the day. The total traded volume for the day was 3,618,746. The stock had closed at $11.53 in the previous trading session.

Laredo Petroleum, Inc. (Laredo) is an independent energy company, focused on the acquisition, exploration and development of oil and natural gas properties primarily in the Permian Basin in West Texas. The Companys Permian Basin is comprised of several distinct geological provinces, including the Midland Basin to the east, the Delaware Basin to the west and the Central Platform in the middle. The Permian Basin is located in West Texas and Southeastern New Mexico, where the Company has assembled approximately 196,683 net acres. Its primary production and exploitation fairway (Permian-Garden City area) is located on the eastern side of the basin 35 miles east of Midland, Texas, and extends 20 miles wide (east/west) and 85 miles long (north/south) in Howard, Glasscock, Reagan, Sterling, Irion and Tom Green counties. It holds approximately 155,405 net acres in 360 sections in the Permian-Garden City area.

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