Lucero Energy (CVE:LOU) Cut to “Tender” at CIBC

CIBC downgraded shares of Lucero Energy (CVE:LOU) from a neutral rating to a tender rating in a report published on Tuesday,BayStreet.CA reports. They currently have C$0.47 price target on the stock, down from their previous price target of C$0.65.

Several other research firms also recently issued reports on LOU. Cormark upgraded Lucero Energy to a “moderate buy” rating in a research report on Monday, September 23rd. National Bankshares cut their target price on Lucero Energy from C$0.90 to C$0.75 in a research note on Friday, September 27th. Finally, BMO Capital Markets reduced their price objective on Lucero Energy from C$0.75 to C$0.60 in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$0.55.

Lucero Energy Stock Down 6.0 %

CVE LOU opened at C$0.39 on Tuesday. The firm has a market capitalization of C$248.56 million, a P/E ratio of 4.88 and a beta of 1.72. Lucero Energy has a twelve month low of C$0.39 and a twelve month high of C$0.70. The firm has a fifty day moving average of C$0.43.

Lucero Energy (CVE:LOU) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.01 EPS for the quarter. Lucero Energy had a net margin of 30.07% and a return on equity of 9.56%. The business had revenue of C$39.94 million for the quarter. Sell-side analysts anticipate that Lucero Energy 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.