Lucero Energy (CVE:LOU) Sets New 12-Month Low on Analyst Downgrade

Lucero Energy Corp. (CVE:LOU)’s stock price reached a new 52-week low on Monday after BMO Capital Markets lowered their price target on the stock from C$0.75 to C$0.60. The company traded as low as C$0.40 and last traded at C$0.43, with a volume of 1861397 shares. The stock had previously closed at C$0.47.

LOU has been the subject of several other research reports. Cormark raised shares of Lucero Energy to a “moderate buy” rating in a research report on Monday, September 23rd. National Bankshares reduced their price objective on shares of Lucero Energy from C$0.90 to C$0.75 in a report on Friday, September 27th.

Lucero Energy Stock Performance

The company has a market capitalization of C$270.87 million, a PE ratio of 5.88 and a beta of 1.72. The business has a fifty day moving average price of C$0.43.

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