Lucero Energy (CVE:LOU) Trading Up 1.1% – Should You Buy?

Lucero Energy Corp. (CVE:LOU) shares traded up 1.1% on Thursday . The company traded as high as C$0.45 and last traded at C$0.45. 88,500 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 205,040 shares. The stock had previously closed at C$0.45.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Canaccord Genuity Group downgraded shares of Lucero Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Haywood Securities cut Lucero Energy from a “buy” rating to a “tender” rating and decreased their price target for the company from C$0.80 to C$0.49 in a report on Wednesday, December 18th. Canaccord Genuity Group lowered Lucero Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$0.80 to C$0.45 in a research note on Tuesday, December 17th. CIBC cut Lucero Energy from a “neutral” rating to a “tender” rating and cut their target price for the stock from C$0.65 to C$0.47 in a research report on Tuesday, December 17th. Finally, BMO Capital Markets lowered their price target on Lucero Energy from C$0.75 to C$0.60 in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, Based on 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

The stock has a 50 day simple moving average of C$0.43. The company has a market cap of C$286.80 million, a price-to-earnings ratio of 5.63 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 company had revenue of C$39.94 million for the quarter. Lucero Energy had a return on equity of 9.56% and a net margin of 30.07%. As a group, research analysts predict that Lucero Energy Corp. 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.