FY2024 EPS Estimates for Lycos Energy Cut by Atb Cap Markets

Lycos Energy Inc. (CVE:LCX) – Investment analysts at Atb Cap Markets lowered their FY2024 earnings per share (EPS) estimates for Lycos Energy in a research report issued to clients and investors on Tuesday, November 19th. Atb Cap Markets analyst A. Arif now anticipates that the company will earn $0.31 per share for the year, down from their prior estimate of $0.42. 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 FY2025 earnings at $0.53 EPS.

Lycos Energy (CVE:LCX) last released 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 business had revenue of C$39.72 million for the quarter, compared to the consensus estimate of C$40.50 million. Lycos Energy had a return on equity of 7.16% and a net margin of 9.90%.

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

Lycos Energy Price Performance

CVE LCX opened at C$2.87 on Thursday. Lycos Energy has a 1-year low of C$2.40 and a 1-year high of C$3.83. The company has a market cap of C$152.71 million and a PE ratio of 15.11. The stock’s 50 day simple moving average is C$2.84 and its 200-day simple moving average is C$3.14.

Lycos Energy Company Profile

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.