Lucero Energy (CVE:LOU) Lowered to Tender Rating by CIBC

CIBC downgraded shares of Lucero Energy (CVE:LOU - Free Report) from a neutral rating to a tender rating in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has C$0.47 target price on the stock, down from their prior target price of C$0.65.

LOU has been the subject of a number of other research reports. BMO Capital Markets lowered their target price on shares of Lucero Energy from C$0.75 to C$0.60 in a research note on Friday. Cormark upgraded Lucero Energy to a "moderate buy" rating in a report on Monday, September 23rd. Finally, National Bankshares lowered their price target on Lucero Energy from C$0.90 to C$0.75 in a report on Friday, September 27th.

Lucero Energy Stock Up 1.2 %

CVE LOU traded up C$0.01 during trading hours on Tuesday, hitting C$0.43. 8,505,558 shares of the company's stock traded hands, compared to its average volume of 269,227. The company has a market cap of C$270.87 million, a P/E ratio of 5.31 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. The company's 50-day moving average is C$0.43.

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. On average, equities research analysts predict 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.