Lucero Energy (CVE:LOU) Price Target Cut to C$0.75

Lucero Energy (CVE:LOU) had its target price lowered by investment analysts at National Bankshares from C$0.90 to C$0.75 in a report released on Friday, BayStreet.CA reports. National Bankshares’ price target suggests a potential upside of 59.57% from the company’s previous close.

Separately, Cormark raised shares of Lucero Energy to a “moderate buy” rating in a report on Monday.

Lucero Energy Stock Down 1.1 %

Shares of LOU stock traded down C$0.01 during trading hours on Friday, hitting C$0.47. The stock had a trading volume of 3,200 shares, compared to its average volume of 255,858. Lucero Energy has a one year low of C$0.46 and a one year high of C$0.72.

About Lucero Energy

Lucero Energy Corp., an independent oil company, engages in the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. The company was formerly known as PetroShale Inc and changed its name to Lucero Energy Corp.