Analysts’ Weekly Ratings Changes for Lucero Energy (LOU)

Several analysts have recently updated their ratings and price targets for Lucero Energy (CVE: LOU):

• 12/18/2024 – Lucero Energy was downgraded by analysts at Haywood Securities from a “buy” rating to a “tender” rating. They now have a C$0.49 price target on the stock, down previously from C$0.80.
• 12/17/2024 – Lucero Energy was downgraded by analysts at CIBC from a “neutral” rating to a “tender” rating. They now have a C$0.47 price target on the stock, down previously from C$0.65.
• 12/17/2024 – Lucero Energy was downgraded by analysts at Canaccord Genuity Group Inc. from a “strong-buy” rating to a “hold” rating.
• 12/17/2024 – Lucero Energy was downgraded by analysts at Canaccord Genuity Group Inc. from a “buy” rating to a “hold” rating. They now have a C$0.45 price target on the stock, down previously from C$0.80.
• 12/13/2024 – Lucero Energy had its price target lowered by analysts at BMO Capital Markets from C$0.75 to C$0.60.

Lucero Energy Stock Performance

Shares of Lucero Energy stock opened at C$0.40 on Friday. Lucero Energy Corp. has a 1 year low of C$0.39 and a 1 year high of C$0.70. The business has a fifty day moving average of C$0.42. The firm has a market capitalization of C$251.75 million, a P/E ratio of 4.94 and a beta of 1.72.

Lucero Energy (CVE:LOU) last released its 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. On average, analysts anticipate that Lucero Energy Corp. will post 0.0602883 earnings per share for the current year.

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.