Lucero Energy Corp. (CVE:LOU – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.39 and last traded at C$0.40, with a volume of 2741000 shares. The stock had previously closed at C$0.39.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on LOU shares. BMO Capital Markets decreased their price objective on Lucero Energy from C$0.75 to C$0.60 in a report on Friday, December 13th. CIBC downgraded shares of Lucero Energy from a “neutral” rating to a “tender” rating and decreased their price target for the company from C$0.65 to C$0.47 in a research note on Tuesday, December 17th. Cormark raised shares of Lucero Energy to a “moderate buy” rating in a research note on Monday, September 23rd. National Bankshares decreased their target price on shares of Lucero Energy from C$0.90 to C$0.75 in a research report on Friday, September 27th. Finally, Canaccord Genuity Group lowered Lucero Energy from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$0.80 to C$0.45 in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$0.55.
View Our Latest Research Report on LOU
Lucero Energy Trading Up 0.8 %
Lucero Energy (CVE:LOU – Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.01 earnings per share (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, equities research analysts expect that Lucero Energy Corp. will post 0.0602883 earnings per share 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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