BMO Capital Markets Cuts Lucero Energy (CVE:LOU) Price Target to C$0.60

Lucero Energy (CVE:LOU) had its price objective cut by BMO Capital Markets from C$0.75 to C$0.60 in a report issued on Friday,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. Cormark upgraded Lucero Energy to a “moderate buy” rating in a research note on Monday, September 23rd. National Bankshares lowered their price objective on Lucero Energy from C$0.90 to C$0.75 in a research report on Friday, September 27th.

Lucero Energy Price Performance

Shares of LOU stock opened at C$0.47 on Friday. The firm’s 50-day moving average is C$0.43. The stock has a market cap of C$299.55 million, a PE ratio of 5.88 and a beta of 1.72. Lucero Energy has a 1-year low of C$0.40 and a 1-year high of C$0.70.

Lucero Energy (CVE:LOU) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.01 earnings per share for the quarter. Lucero Energy had a net margin of 30.07% and a return on equity of 9.56%. The business had revenue of C$39.94 million during the quarter. Research analysts anticipate that Lucero Energy will post 0.0602883 EPS for the current fiscal year.

Lucero Energy Company Profile

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.