Lucero Energy (CVE:LOU) Downgraded to “Tender” Rating by Haywood Securities

Haywood Securities cut shares of Lucero Energy (CVE:LOU) from a buy rating to a tender rating in a research note published on Wednesday,BayStreet.CA reports. They currently have C$0.49 price target on the stock, down from their prior price target of C$0.80.

A number of other research firms have also weighed in on LOU. BMO Capital Markets lowered their price objective on shares of Lucero Energy from C$0.75 to C$0.60 in a research report on Friday, December 13th. Cormark upgraded shares of Lucero Energy to a “moderate buy” rating in a research note on Monday, September 23rd. CIBC cut shares of Lucero Energy from a “neutral” rating to a “tender” rating and cut their price target for the stock from C$0.65 to C$0.47 in a report on Tuesday. National Bankshares lowered their price objective on Lucero Energy from C$0.90 to C$0.75 in a report on Friday, September 27th. Finally, Canaccord Genuity Group cut Lucero Energy from a “buy” rating to a “hold” rating and reduced their price target for the company from C$0.80 to C$0.45 in a report on Tuesday. Two analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$0.55.

Lucero Energy Stock Performance

CVE LOU opened at C$0.39 on Wednesday. The stock has a market capitalization of C$250.47 million, a price-to-earnings ratio of 4.91 and a beta of 1.72. Lucero Energy has a 52-week low of C$0.39 and a 52-week high of C$0.70. The business’s 50-day moving average is C$0.42.

Lucero Energy (CVE:LOU) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$39.94 million during the quarter. Lucero Energy had a return on equity of 9.56% and a net margin of 30.07%. On average, equities analysts forecast that Lucero Energy will post 0.0602883 EPS for the current 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.