Lucero Energy (CVE:LOU) Lowered to “Tender” Rating by CIBC

Lucero Energy (CVE:LOU) was downgraded by stock analysts at CIBC from a “neutral” rating to a “tender” rating in a research report issued on Tuesday,BayStreet.CA reports. They currently have a C$0.47 target price on the stock, down from their prior target price of C$0.65. CIBC’s price target would indicate a potential upside of 10.59% from the stock’s current price.

Other research analysts have also issued reports about the stock. BMO Capital Markets decreased their price objective on shares of Lucero Energy from C$0.75 to C$0.60 in a report on Friday. National Bankshares cut their price objective on shares of Lucero Energy from C$0.90 to C$0.75 in a research report on Friday, September 27th. Finally, Cormark raised shares of Lucero Energy to a “moderate buy” rating in a research report on Monday, September 23rd.

Lucero Energy Trading Up 1.2 %

Shares of LOU stock traded up C$0.01 during trading hours on Tuesday, hitting C$0.43. The company’s stock had a trading volume of 7,532,100 shares, compared to its average volume of 265,167. The stock has a fifty day moving average of C$0.43. The firm has a market capitalization of C$270.87 million, a PE ratio of 5.25 and a beta of 1.72. Lucero Energy has a twelve month low of C$0.40 and a twelve month high of C$0.70.

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. 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, analysts anticipate that Lucero Energy will post 0.0602883 earnings per share for the current fiscal 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.