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

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

A number of other research firms also recently issued reports on LOU. National Bankshares reduced their price objective on Lucero Energy from C$0.90 to C$0.75 in a research note on Friday, September 27th. Cormark upgraded shares of Lucero Energy to a “moderate buy” rating in a research report on Monday, September 23rd.

Lucero Energy Stock Up 2.2 %

LOU opened at C$0.47 on Friday. The stock has a market capitalization of C$299.55 million, a PE ratio of 5.88 and a beta of 1.72. Lucero Energy has a fifty-two week low of C$0.40 and a fifty-two week high of C$0.70. The company’s fifty day moving average is C$0.43.

Lucero Energy (CVE:LOU) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.01 earnings per share for the quarter. The firm 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, analysts anticipate that Lucero Energy will post 0.0602883 earnings per share 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.