Laredo Petroleum (LPI) Shares are Up 12.48%

Laredo Petroleum (LPI) : Traders are bullish on Laredo Petroleum (LPI) as it has outperformed the S&P 500 by a wide margin of 3.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 12.48% in the last 1 week, and is up 5.72% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Laredo Petroleum (NYSE:LPI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.06 and $10.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.27, notching a gain of 2.83% for the day. The total traded volume was 4,197,866 . The stock had closed at $10.96 on the previous day.

The stock has recorded a 20-day Moving Average of 10.19% and the 50-Day Moving Average is 2.83%. Laredo Petroleum, Inc. has dropped 5.61% during the last 3-month period . Year-to-Date the stock performance stands at 41.05%.

Laredo Petroleum (LPI) : Currently there are 18 street experts covering Laredo Petroleum (LPI) stock. The most bullish and bearish price target for the stock is $20 and $8 respectively for the short term. The average price target of all the analysts comes to $12.47. The estimated standard deviation from the target is $3.29.


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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