Lucero Energy (CVE:LOU) Stock Rating Lowered by Canaccord Genuity Group

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

LOU has been the subject of several other research reports. CIBC lowered shares of Lucero Energy from a “neutral” rating to a “tender” rating and dropped their price target for the stock from C$0.65 to C$0.47 in a research report on Tuesday. National Bankshares cut their target price on Lucero Energy from C$0.90 to C$0.75 in a research report on Friday, September 27th. Canaccord Genuity Group downgraded shares of Lucero Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$0.80 to C$0.45 in a research report on Tuesday. BMO Capital Markets reduced their price target on shares of Lucero Energy from C$0.75 to C$0.60 in a research report on Friday, December 13th. Finally, Haywood Securities lowered shares of Lucero Energy from a “buy” rating to a “tender” rating and dropped their price objective for the stock from C$0.80 to C$0.49 in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$0.55.

Lucero Energy Stock Performance

Shares of CVE:LOU traded down C$0.01 during midday trading on Tuesday, reaching C$0.41. The company’s stock had a trading volume of 8,426 shares, compared to its average volume of 275,650. The firm has a market cap of C$258.12 million, a price-to-earnings ratio of 5.06 and a beta of 1.72. The company’s 50 day moving average is C$0.43. Lucero Energy has a 1 year low of C$0.40 and a 1 year high of C$0.70.

Lucero Energy (CVE:LOU) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$39.94 million during the quarter. Lucero Energy had a return on equity of 9.56% and a net margin of 30.07%. Analysts expect that Lucero Energy 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.