Atb Cap Markets Expects Reduced Earnings for Lycos Energy

Lycos Energy Inc. (CVE:LCX) – Equities researchers at Atb Cap Markets decreased their Q4 2024 earnings estimates for Lycos Energy in a report released on Tuesday, November 19th. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.08 per share for the quarter, down from their prior forecast of $0.10. The consensus estimate for Lycos Energy’s current full-year earnings is $0.50 per share. Atb Cap Markets also issued estimates for Lycos Energy’s Q2 2025 earnings at $0.17 EPS and FY2026 earnings at $0.29 EPS.

Lycos Energy (CVE:LCX) last issued its earnings results on Thursday, August 22nd. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.07. The firm had revenue of C$39.72 million for the quarter, compared to analysts’ expectations of C$40.50 million. Lycos Energy had a net margin of 9.90% and a return on equity of 7.16%.

Separately, National Bankshares cut their price target on Lycos Energy from C$9.00 to C$7.50 in a research note on Friday, September 27th.

Lycos Energy Trading Up 5.1 %

Shares of LCX opened at C$2.87 on Wednesday. The company’s 50 day simple moving average is C$2.84 and its 200-day simple moving average is C$3.14. Lycos Energy has a 12-month low of C$2.40 and a 12-month high of C$3.83. The firm has a market cap of C$152.71 million and a PE ratio of 15.11.

About Lycos Energy

Lycos Energy Inc, a junior resource company, engages in the development and production of petroleum and natural gas in Western Canada. The company operates heavy-oil development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area. Lycos Energy Inc is headquartered in Calgary, Canada.