Laredo Petroleum (LPI) Shares are Down -2.17%

Laredo Petroleum (LPI) has risen sharply, recording gains of 25.85% in the past 4 weeks. However, the stock has corrected -2.17% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 26.11% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 9.73% and the fifty day Moving Average is 15.46%. Laredo Petroleum, Inc. is up 8.71% in the last three month period. Year-to-Date the stock performance stands at 57.82%.

Laredo Petroleum (LPI) : The consensus price target for Laredo Petroleum (LPI) is $12.79 for the short term with a standard deviation of $3.4. The most optimist securities analyst among the 17 who monitor the stock believes that the stock can reach $20, however, the pessimist price target for the company is $8.


Laredo Petroleum (NYSE:LPI): stock turned positive on Friday. Though the stock opened at $12.69, the bulls momentum made the stock top out at $12.96 level for the day. The stock recorded a low of $12.42 and closed the trading day at $12.61, in the green by 0.16%. The total traded volume for the day was 2,544,702. The stock had closed at $12.59 in the previous days trading.

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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