Lycos Energy (CVE:LCX) Trading Down 0.3% – Here’s What Happened

Lycos Energy Inc. (CVE:LCX) shares were down 0.3% during trading on Friday . The company traded as low as C$2.79 and last traded at C$2.92. Approximately 3,100 shares traded hands during trading, a decline of 94% from the average daily volume of 48,594 shares. The stock had previously closed at C$2.93.

Analysts Set New Price Targets

Separately, National Bankshares decreased their price target on shares of Lycos Energy from C$9.00 to C$7.50 in a report on Friday, September 27th.

Lycos Energy Stock Performance

The firm has a market cap of C$155.37 million and a PE ratio of 15.37. The firm’s 50-day moving average price is C$2.99.

Lycos Energy (CVE:LCX) last announced its earnings results on Thursday, August 22nd. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.12 by C$0.07. The business had revenue of C$39.72 million during the quarter, compared to analyst estimates of C$40.50 million. Lycos Energy had a net margin of 9.90% and a return on equity of 7.16%. Equities analysts expect that Lycos Energy Inc. will post 0.5 earnings per share for the current year.

Lycos Energy Company Profile

Lycos Energy Inc, a junior resource company, engages in the development and production of petroleum and natural gas in Western Canada. The company operates heavy-oil development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area. Lycos Energy Inc is headquartered in Calgary, Canada.