BMO Capital Markets Issues Pessimistic Forecast for Lucero Energy (CVE:LOU) Stock Price

Lucero Energy (CVE:LOU) had its price objective dropped by equities research analysts at BMO Capital Markets from C$0.75 to C$0.60 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 29.03% from the stock’s current price.

Several other research analysts have also issued reports on the stock. Cormark upgraded shares of Lucero Energy to a “moderate buy” rating in a research report on Monday, September 23rd. National Bankshares reduced their price objective on Lucero Energy from C$0.90 to C$0.75 in a research report on Friday, September 27th.

Lucero Energy Stock Performance

Shares of LOU traded up C$0.01 during trading hours on Friday, reaching C$0.47. 66,500 shares of the company’s stock traded hands, compared to its average volume of 226,889. Lucero Energy has a 12 month low of C$0.40 and a 12 month high of C$0.70. The company has a market capitalization of C$296.36 million, a PE ratio of 5.81 and a beta of 1.72. The firm’s 50 day simple moving average is C$0.43.

Lucero Energy (CVE:LOU) last announced its earnings results on Wednesday, November 6th. The company reported C$0.01 earnings per share (EPS) 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. Analysts expect that Lucero Energy will post 0.0602883 earnings per share 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.