Lucero Energy (CVE:LOU) Price Target Lowered to C$0.60 at BMO Capital Markets

Lucero Energy (CVE:LOU - Get Free Report) had its price objective decreased by analysts at BMO Capital Markets from C$0.75 to C$0.60 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets' price target indicates a potential upside of 27.66% from the company's current price.

LOU has been the subject of several other research reports. 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 report on Friday, September 27th.

Lucero Energy Trading Up 2.2 %

CVE LOU traded up C$0.01 during mid-day trading on Friday, hitting C$0.47. The stock had a trading volume of 148,000 shares, compared to its average volume of 227,298. The stock has a 50 day moving average price of C$0.43. The firm has a market cap of C$299.55 million, a P/E ratio of 5.88 and a beta of 1.72. Lucero Energy has a 52-week low of C$0.40 and a 52-week high of C$0.70.

Lucero Energy (CVE:LOU - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. Lucero Energy had a return on equity of 9.56% and a net margin of 30.07%. The firm had revenue of C$39.94 million during the quarter. Sell-side analysts expect that Lucero Energy will post 0.0602883 EPS for the current 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.