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

CIBC cut shares of Lucero Energy (CVE:LOU) from a neutral rating to a tender rating in a research note published on Tuesday morning,BayStreet.CA reports. CIBC currently has C$0.47 target price on the stock, down from their prior target price of C$0.65.

Several other equities research analysts have also commented on LOU. BMO Capital Markets decreased their price objective on shares of Lucero Energy from C$0.75 to C$0.60 in a research report on Friday, December 13th. Cormark upgraded Lucero Energy to a “moderate buy” rating in a research report on Monday, September 23rd. Finally, National Bankshares dropped their price objective on Lucero Energy from C$0.90 to C$0.75 in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$0.55.

Lucero Energy Stock Down 6.0 %

Shares of LOU stock opened at C$0.39 on Tuesday. The company has a 50 day simple moving average of C$0.43. Lucero Energy has a fifty-two week low of C$0.39 and a fifty-two week high of C$0.70. The firm has a market capitalization of C$248.56 million, a PE ratio of 4.88 and a beta of 1.72.

Lucero Energy (CVE:LOU) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$39.94 million for the quarter. Lucero Energy had a net margin of 30.07% and a return on equity of 9.56%. Equities analysts forecast that Lucero Energy will post 0.0602883 earnings per share for the current fiscal 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.