National Bank Financial Upgrades Lycos Energy (CVE:LCX) to Outperform

Lycos Energy (CVE:LCX) was upgraded by equities research analysts at National Bank Financial from a “hold” rating to an “outperform” rating in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a C$3.00 price target on the stock, up from their prior price target of C$2.50. National Bank Financial’s price objective points to a potential upside of 31.58% from the stock’s previous close.

Lycos Energy Trading Down 1.7%

Shares of CVE LCX opened at C$2.28 on Thursday. The stock has a market cap of C$246.28 million, a price-to-earnings ratio of -2.45 and a beta of -0.07. Lycos Energy has a 1-year low of C$0.53 and a 1-year high of C$2.37. The stock’s 50-day moving average is C$1.77 and its 200 day moving average is C$1.28.

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.