Lucero Energy Corp. (CVE:LOU - Get Free Report) traded down 3.4% during mid-day trading on Monday . The company traded as low as C$0.43 and last traded at C$0.43. 221,500 shares traded hands during trading, an increase of 16% from the average session volume of 190,579 shares. The stock had previously closed at C$0.44.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Canaccord Genuity Group lowered Lucero Energy from a "buy" rating to a "hold" rating and decreased their price target for the company from C$0.80 to C$0.45 in a research note on Tuesday, December 17th. CIBC lowered Lucero Energy from a "neutral" rating to a "tender" rating and reduced their price objective for the stock from C$0.65 to C$0.47 in a research note on Tuesday, December 17th. BMO Capital Markets reduced their price objective on Lucero Energy from C$0.75 to C$0.60 in a research note on Friday, December 13th. Haywood Securities lowered Lucero Energy from a "buy" rating to a "tender" rating and reduced their price objective for the stock from C$0.80 to C$0.49 in a research note on Wednesday, December 18th. Finally, Canaccord Genuity Group lowered Lucero Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$0.55.
Check Out Our Latest Stock Analysis on Lucero Energy
Lucero Energy Price Performance
The firm has a market capitalization of C$271.01 million, a PE ratio of 6.76 and a beta of 1.72. The stock has a 50-day simple moving average of C$0.44.
About Lucero Energy
(
Get Free Report)
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.
Further Reading
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