Lycos Energy (CVE:LCX) Given New C$2.50 Price Target at National Bank Financial

Lycos Energy (CVE:LCX) had its target price raised by equities research analysts at National Bank Financial from C$0.70 to C$2.50 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 32.98% from the company’s previous close.

Separately, Haywood Securities upgraded shares of Lycos Energy from a “hold” rating to a “buy” rating and decreased their price objective for the stock from C$1.50 to C$0.65 in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Lycos Energy presently has an average rating of “Moderate Buy” and an average price target of C$1.73.

Lycos Energy Stock Down 3.1%

LCX stock traded down C$0.06 during mid-day trading on Wednesday, hitting C$1.88. 194,118 shares of the company were exchanged, compared to its average volume of 430,643. Lycos Energy has a 12-month low of C$0.53 and a 12-month high of C$2.35. The firm has a market capitalization of C$100.09 million, a P/E ratio of -1.58 and a beta of 0.68. The business has a fifty day simple moving average of C$1.37 and a 200-day simple moving average of C$1.16.

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.