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

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

A number of other research firms have also commented on LOU. National Bankshares lowered their target price on shares of Lucero Energy from C$0.90 to C$0.75 in a research note on Friday, September 27th. Cormark raised Lucero Energy to a “moderate buy” rating in a research note on Monday, September 23rd.

Lucero Energy Price Performance

LOU stock traded up C$0.01 during midday trading on Friday, reaching C$0.47. The company had a trading volume of 66,500 shares, compared to its average volume of 226,889. The stock has a market capitalization of C$296.36 million, a P/E ratio of 5.81 and a beta of 1.72. Lucero Energy has a 1-year low of C$0.40 and a 1-year high of C$0.70. The company’s 50 day simple moving average is C$0.43.

Lucero Energy (CVE:LOU) last issued its earnings results on Wednesday, November 6th. The company reported C$0.01 EPS for the quarter. The firm 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%. Research analysts anticipate 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.