Lucero Energy (CVE:LOU) Rating Lowered to “Tender” at Haywood Securities

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

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

Lucero Energy Trading Down 6.0 %

CVE LOU opened at C$0.39 on Wednesday. The firm has a market capitalization of C$248.56 million, a PE ratio of 4.88 and a beta of 1.72. The stock’s fifty day moving average price is C$0.43. Lucero Energy has a 52 week low of C$0.39 and a 52 week high of C$0.70.

Lucero Energy (CVE:LOU) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.01 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, equities analysts forecast that Lucero Energy will post 0.0602883 earnings per share 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.