Lucero Energy (CVE:LOU) Sets New 12-Month Low – Time to Sell?

Lucero Energy Corp. (CVE:LOU) shares hit a new 52-week low during trading on Monday . The company traded as low as C$0.39 and last traded at C$0.40, with a volume of 2741000 shares trading hands. The stock had previously closed at C$0.39.

Analyst Upgrades and Downgrades

Several analysts recently commented on LOU shares. 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. National Bankshares reduced their target price on shares of Lucero Energy from C$0.90 to C$0.75 in a report on Friday, September 27th. Haywood Securities downgraded shares of Lucero Energy from a “buy” rating to a “tender” rating and reduced their target price for the stock from C$0.80 to C$0.49 in a report on Wednesday, December 18th. CIBC downgraded shares of Lucero Energy from a “neutral” rating to a “tender” rating and cut their price objective for the company from C$0.65 to C$0.47 in a report on Tuesday, December 17th. Finally, Canaccord Genuity Group downgraded shares of Lucero Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$0.55.

Lucero Energy Price Performance

The company’s 50-day moving average is C$0.42. The stock has a market cap of C$251.75 million, a P/E ratio of 4.94 and a beta of 1.72.

Lucero Energy (CVE:LOU) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$39.94 million during the quarter. Lucero Energy had a net margin of 30.07% and a return on equity of 9.56%. As a group, equities research analysts expect that Lucero Energy Corp. will post 0.0602883 EPS 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.