Brokers Offer Predictions for Lycos Energy FY2024 Earnings

Lycos Energy Inc. (CVE:LCX) – Investment analysts at Atb Cap Markets cut their FY2024 earnings estimates for Lycos Energy in a report issued on Tuesday, January 7th. Atb Cap Markets analyst A. Arif now expects that the company will post earnings of $0.30 per share for the year, down from their previous forecast of $0.31. The consensus estimate for Lycos Energy’s current full-year earnings is $0.50 per share. Atb Cap Markets also issued estimates for Lycos Energy’s Q4 2024 earnings at $0.07 EPS, Q1 2025 earnings at $0.08 EPS and Q3 2025 earnings at $0.10 EPS.

Separately, National Bankshares decreased their target price on shares of Lycos Energy from C$9.00 to C$7.50 in a research report on Friday, September 27th.

Lycos Energy Trading Up 1.2 %

Shares of LCX opened at C$2.56 on Thursday. The stock’s 50-day moving average price is C$2.69 and its two-hundred day moving average price is C$2.96. Lycos Energy has a 12 month low of C$2.34 and a 12 month high of C$3.83. The company has a market capitalization of C$136.22 million and a PE ratio of 13.47.

Lycos Energy Company Profile

Lycos Energy Inc, a junior resource company, engages in the development and production of petroleum and natural gas in Western Canada. The company operates heavy-oil development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area. Lycos Energy Inc is headquartered in Calgary, Canada.