Lucero Energy (CVE:LOU) Trading 1.1% Higher – Here’s What Happened

Shares of Lucero Energy Corp. (CVE:LOU) traded up 1.1% during trading on Thursday . The stock traded as high as C$0.45 and last traded at C$0.45. 88,500 shares were traded during trading, a decline of 57% from the average session volume of 205,040 shares. The stock had previously closed at C$0.45.

Analysts Set New Price Targets

A number of research firms have weighed in on LOU. CIBC lowered shares of Lucero Energy from a “neutral” rating to a “tender” rating and reduced their price objective for the company from C$0.65 to C$0.47 in a research note on Tuesday, December 17th. Haywood Securities downgraded shares of Lucero Energy from a “buy” rating to a “tender” rating and reduced their price target for the company from C$0.80 to C$0.49 in a research report on Wednesday, December 18th. Canaccord Genuity Group cut Lucero Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Canaccord Genuity Group lowered Lucero Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$0.80 to C$0.45 in a report on Tuesday, December 17th. Finally, BMO Capital Markets decreased their price target on Lucero Energy from C$0.75 to C$0.60 in a research note on Friday, December 13th. Two research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$0.55.

Lucero Energy Trading Up 1.1 %

The company has a market capitalization of C$286.80 million, a price-to-earnings ratio of 5.63 and a beta of 1.72. The business has a 50-day moving average of C$0.43.

Lucero Energy (CVE:LOU) last issued 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. Sell-side analysts expect that Lucero Energy Corp. will post 0.0602883 earnings per share 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.