Lucero Energy (CVE:LOU) Hits New 12-Month Low – Time to Sell?

Lucero Energy Corp. (CVE:LOU)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.39 and last traded at C$0.40, with a volume of 2741000 shares changing hands. The stock had previously closed at C$0.39.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LOU shares. CIBC downgraded shares of Lucero Energy from a “neutral” rating to a “tender” rating and dropped their price objective for the company from C$0.65 to C$0.47 in a research note on Tuesday, December 17th. BMO Capital Markets dropped their target price on Lucero Energy from C$0.75 to C$0.60 in a research report on Friday, December 13th. Canaccord Genuity Group lowered Lucero Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 17th. National Bankshares dropped their price objective on Lucero Energy from C$0.90 to C$0.75 in a research report on Friday, September 27th. Finally, Haywood Securities downgraded shares of Lucero Energy from a “buy” rating to a “tender” rating and reduced their target price for the stock from C$0.80 to C$0.49 in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$0.55.

Lucero Energy Stock Up 0.8 %

The firm has a market capitalization of C$251.75 million, a price-to-earnings ratio of 4.94 and a beta of 1.72. The company’s fifty day simple moving average is C$0.42.

Lucero Energy (CVE:LOU) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. Lucero Energy had a return on equity of 9.56% and a net margin of 30.07%. The company had revenue of C$39.94 million during the quarter. Equities analysts anticipate that Lucero Energy Corp. will post 0.0602883 EPS 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.