Lucero Energy (CVE:LOU) Downgraded to “Tender” Rating by Haywood Securities

Lucero Energy (CVE:LOU) was downgraded by Haywood Securities from a “buy” rating to a “tender” rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. They currently have a C$0.49 target price on the stock, down from their prior target price of C$0.80. Haywood Securities’ target price suggests a potential upside of 25.64% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on LOU. National Bankshares cut their price objective on shares of Lucero Energy from C$0.90 to C$0.75 in a research note on Friday, September 27th. Cormark upgraded shares of Lucero Energy to a “moderate buy” rating in a report on Monday, September 23rd. BMO Capital Markets dropped their target price on Lucero Energy from C$0.75 to C$0.60 in a report on Friday, December 13th. Canaccord Genuity Group cut Lucero Energy from a “buy” rating to a “hold” rating and lowered their price target for the company from C$0.80 to C$0.45 in a research report on Tuesday. Finally, CIBC cut Lucero Energy from a “neutral” rating to a “tender” rating and decreased their target price for the company from C$0.65 to C$0.47 in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$0.55.

Lucero Energy Trading Down 6.0 %

Shares of LOU opened at C$0.39 on Wednesday. Lucero Energy has a 1 year low of C$0.39 and a 1 year high of C$0.70. The company’s fifty day moving average price is C$0.43. The firm has a market capitalization of C$248.56 million, a P/E ratio of 4.88 and a beta of 1.72.

Lucero Energy (CVE:LOU) last posted 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 net margin of 30.07% and a return on equity of 9.56%. On average, equities analysts expect that Lucero Energy will post 0.0602883 EPS for the current fiscal 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.