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

Lucero Energy Corp. (CVE:LOU - Get Free Report)'s stock price hit a new 52-week low during mid-day trading 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 traded. The stock had previously closed at C$0.47.

A number of other equities analysts also recently commented on LOU. Cormark raised shares of Lucero Energy to a "moderate buy" rating in a report on Monday, September 23rd. National Bankshares decreased their price target 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 stock's 50 day moving average price is C$0.43. The stock has a market capitalization of C$267.68 million, a price-to-earnings ratio of 5.25 and a beta of 1.72.

Lucero Energy (CVE:LOU - Get Free Report) last issued its earnings results 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 during the quarter. Lucero Energy had a net margin of 30.07% and a return on equity of 9.56%. On average, equities analysts predict that Lucero Energy Corp. will post 0.0602883 earnings per share for the current 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.