Lucero Energy (CVE:LOU) Sets New 12-Month Low After Analyst Downgrade

Lucero Energy Corp. (CVE:LOU)’s stock price reached a new 52-week low during trading on Monday after BMO Capital Markets lowered their price target on the stock from C$0.75 to C$0.60. The company traded as low as C$0.40 and last traded at C$0.43, with a volume of 1861397 shares trading hands. The stock had previously closed at C$0.47.

Several other research firms also recently weighed in on LOU. National Bankshares dropped their target price on shares of Lucero Energy from C$0.90 to C$0.75 in a research report on Friday, September 27th. Cormark raised shares of Lucero Energy to a “moderate buy” rating in a report on Monday, September 23rd.

Lucero Energy Stock Performance

The firm has a market cap of C$267.68 million, a PE ratio of 5.25 and a beta of 1.72. The firm’s 50 day moving average price is C$0.43.

Lucero Energy (CVE:LOU) last released its quarterly 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 predict that Lucero Energy Corp. will post 0.0602883 EPS 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.