Lucero Energy Corp. (CVE:LOU – Get Free Report) shares reached a new 52-week low during trading on Monday after Canaccord Genuity Group downgraded the stock from a buy rating to a hold rating. Canaccord Genuity Group now has a C$0.45 price target on the stock, down from their previous price target of C$0.80. Lucero Energy traded as low as C$0.40 and last traded at C$0.43, with a volume of 1861397 shares. The stock had previously closed at C$0.47.
Other research analysts also recently issued reports about the company. BMO Capital Markets lowered their target price on Lucero Energy from C$0.75 to C$0.60 in a research note on Friday, December 13th. National Bankshares reduced their target price on shares of 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 note on Monday, September 23rd. Finally, CIBC downgraded shares of Lucero Energy from a “neutral” rating to a “tender” rating and reduced their price objective for the company from C$0.65 to C$0.47 in a research report on Tuesday.
View Our Latest Report on Lucero Energy
Lucero Energy Stock Up 1.2 %
Lucero Energy (CVE:LOU – Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$39.94 million during the quarter. Lucero Energy had a net margin of 30.07% and a return on equity of 9.56%. On average, sell-side analysts anticipate that Lucero Energy Corp. will post 0.0602883 EPS for the current year.
About Lucero Energy
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.
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