Lycos Energy (CVE:LCX) Price Target Cut to C$7.50 by Analysts at National Bankshares

Lycos Energy (CVE:LCX) had its price objective dropped by investment analysts at National Bankshares from C$9.00 to C$7.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. National Bankshares’ target price points to a potential upside of 152.53% from the company’s current price.

Lycos Energy Price Performance

Shares of CVE LCX traded up C$0.13 during mid-day trading on Friday, reaching C$2.97. 4,700 shares of the company’s stock were exchanged, compared to its average volume of 50,707. Lycos Energy has a twelve month low of C$2.65 and a twelve month high of C$4.10. The stock has a market capitalization of C$158.03 million and a price-to-earnings ratio of 15.63. The firm’s fifty day moving average is C$3.11.

Lycos Energy (CVE:LCX) last announced its quarterly earnings results on Thursday, August 22nd. The company reported C$0.19 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.07. Lycos Energy had a net margin of 9.90% and a return on equity of 7.16%. The firm had revenue of C$39.72 million for the quarter, compared to analyst estimates of C$40.50 million. As a group, research analysts predict that Lycos Energy will post 0.5 EPS for the current year.