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

Haywood Securities downgraded shares of Lucero Energy (CVE:LOU - Free Report) from a buy rating to a tender rating in a research report released on Wednesday,BayStreet.CA reports. Haywood Securities currently has C$0.49 price target on the stock, down from their prior price target of C$0.80.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group downgraded Lucero Energy from a "buy" rating to a "hold" rating and cut their price target for the company from C$0.80 to C$0.45 in a report on Tuesday. BMO Capital Markets reduced their target price on shares of Lucero Energy from C$0.75 to C$0.60 in a report on Friday, December 13th. Cormark upgraded shares of Lucero Energy to a "moderate buy" rating in a research note on Monday, September 23rd. National Bankshares cut their price objective on shares of Lucero Energy from C$0.90 to C$0.75 in a research report on Friday, September 27th. Finally, CIBC downgraded Lucero Energy from a "neutral" rating to a "tender" rating and decreased their target price for the company from C$0.65 to C$0.47 in a research report on Tuesday.

Lucero Energy Stock Performance

CVE:LOU traded down C$0.01 on Wednesday, hitting C$0.42. 1,817,200 shares of the company's stock were exchanged, compared to its average volume of 275,650. The stock has a market capitalization of C$264.49 million, a P/E ratio of 5.19 and a beta of 1.72. The business has a 50-day simple moving average of C$0.43. 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 results on Wednesday, November 6th. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$39.94 million during the quarter. Lucero Energy had a return on equity of 9.56% and a net margin of 30.07%. Research analysts anticipate that Lucero Energy will post 0.0602883 earnings per share 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.