Lycos Energy (CVE:LCX) Stock Rating Lowered by BMO Capital Markets

Lycos Energy (CVE:LCX) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “hold” rating in a report released on Thursday, Marketbeat reports. They presently have a C$1.50 target price on the stock, down from their previous target price of C$2.50. BMO Capital Markets’ price objective would indicate a potential upside of 11.94% from the stock’s current price.

Lycos Energy Stock Performance

CVE LCX opened at C$1.34 on Thursday. The company has a fifty day simple moving average of C$1.24 and a 200 day simple moving average of C$1.46. The company has a market cap of C$71.34 million, a P/E ratio of -1.15 and a beta of 11.70. Lycos Energy has a 1 year low of C$1.17 and a 1 year high of C$2.97.

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.