National Bankshares Lowers Lycos Energy (CVE:LCX) Price Target to C$4.75

Lycos Energy (CVE:LCX) had its price target dropped by National Bankshares from C$5.25 to C$4.75 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 99.58% from the company’s current price.

Lycos Energy Stock Performance

CVE:LCX opened at C$2.38 on Thursday. Lycos Energy has a 52-week low of C$2.28 and a 52-week high of C$3.83. The company has a market cap of C$126.64 million and a price-to-earnings ratio of 12.53. The firm’s 50-day moving average is C$2.60 and its 200-day moving average is C$2.86.

About Lycos Energy

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.