Lycos Energy Inc. (CVE:LCX – Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$2.40 and last traded at C$2.75, with a volume of 61327 shares changing hands. The stock had previously closed at C$2.76.
Analysts Set New Price Targets
Separately, National Bankshares reduced their price objective on shares of Lycos Energy from C$9.00 to C$7.50 in a research note on Friday, September 27th.
Check Out Our Latest Stock Report on Lycos Energy
Lycos Energy Stock Performance
Lycos Energy (CVE:LCX – Get Free Report) last released its earnings results on Thursday, August 22nd. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.07. The business had revenue of C$39.72 million during the quarter, compared to the consensus estimate of C$40.50 million. Lycos Energy had a return on equity of 7.16% and a net margin of 9.90%. As a group, sell-side analysts forecast that Lycos Energy Inc. will post 0.5 EPS for the current fiscal year.
About Lycos Energy
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.
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