Lucero Energy (CVE:LOU) Rating Lowered to “Hold” at Canaccord Genuity Group

Lucero Energy (CVE:LOU) was downgraded by stock analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts have also commented 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 note on Friday, December 13th. Cormark upgraded shares of Lucero Energy to a “moderate buy” rating in a report on Monday, September 23rd. National Bankshares dropped their price target on shares of Lucero Energy from C$0.90 to C$0.75 in a research note on Friday, September 27th. CIBC cut 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 note on Tuesday. Finally, Haywood Securities cut Lucero Energy from a “buy” rating to a “tender” rating and lowered their target price for the stock from C$0.80 to C$0.49 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$0.55.

Lucero Energy Price Performance

Shares of CVE LOU traded down C$0.01 during mid-day trading on Tuesday, reaching C$0.41. 8,426 shares of the company’s stock were exchanged, compared to its average volume of 275,650. The stock’s 50-day moving average is C$0.43. The firm has a market capitalization of C$258.12 million, a price-to-earnings ratio of 5.06 and a beta of 1.72. Lucero Energy has a 52-week low of C$0.40 and a 52-week high of C$0.70.

Lucero Energy (CVE:LOU) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$39.94 million for the quarter. Lucero Energy had a net margin of 30.07% and a return on equity of 9.56%. On average, sell-side analysts forecast that Lucero Energy 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.