Lucero Energy (CVE:LOU) Downgraded to Tender Rating by CIBC

CIBC lowered shares of Lucero Energy (CVE:LOU) from a neutral rating to a tender rating in a research note released on Tuesday,BayStreet.CA reports. They currently have C$0.47 price objective on the stock, down from their previous price objective of C$0.65.

LOU has been the subject of several other research reports. Cormark upgraded shares of Lucero Energy to a “moderate buy” rating in a report on Monday, September 23rd. BMO Capital Markets lowered their target price on Lucero Energy from C$0.75 to C$0.60 in a research note on Friday, December 13th. Finally, National Bankshares reduced their target price on shares of Lucero Energy from C$0.90 to C$0.75 in a research report on Friday, September 27th.

Lucero Energy Stock Up 1.2 %

Shares of CVE LOU opened at C$0.43 on Tuesday. The stock has a market capitalization of C$270.87 million, a P/E ratio of 5.31 and a beta of 1.72. Lucero Energy has a one year low of C$0.40 and a one year high of C$0.70. The company has a 50-day moving average price of C$0.43.

Lucero Energy (CVE:LOU) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.01 EPS for the quarter. Lucero Energy had a return on equity of 9.56% and a net margin of 30.07%. The company had revenue of C$39.94 million during the quarter. On average, equities research analysts forecast 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.