Lucero Energy (CVE:LOU) Hits New 1-Year Low - What's Next?

Lucero Energy Corp. (CVE:LOU - Get Free Report) shares reached a new 52-week low during trading on Monday . The stock traded as low as C$0.39 and last traded at C$0.40, with a volume of 2741000 shares traded. The stock had previously closed at C$0.39.

Analyst Ratings Changes

A number of brokerages recently weighed in on LOU. National Bankshares dropped their price objective on Lucero Energy from C$0.90 to C$0.75 in a research report on Friday, September 27th. Canaccord Genuity Group cut shares of Lucero Energy from a "buy" rating to a "hold" rating and lowered their price target for the company from C$0.80 to C$0.45 in a report on Tuesday, December 17th. Canaccord Genuity Group lowered shares of Lucero Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Haywood Securities downgraded shares of Lucero Energy from a "buy" rating to a "tender" rating and lowered their target price for the company from C$0.80 to C$0.49 in a research note on Wednesday, December 18th. Finally, Cormark raised Lucero Energy to a "moderate buy" rating in a research report on Monday, September 23rd. Two investment 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 Up 0.5 %

The stock has a 50-day moving average of C$0.42. The company has a market capitalization of C$251.75 million, a P/E ratio of 4.94 and a beta of 1.72.

Lucero Energy (CVE:LOU - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.01 earnings per share 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, sell-side 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.