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

Lycos Energy (CVE:LCX) had its price objective lifted by National Bank Financial from C$0.70 to C$2.50 in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, Haywood Securities upgraded Lycos Energy from a “hold” rating to a “buy” rating and lowered their price objective for the company from C$1.50 to C$0.65 in a research note on Monday, December 22nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$1.73.

Lycos Energy Stock Down 3.1%

CVE:LCX opened at C$1.88 on Wednesday. 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 PE ratio of -1.58 and a beta of 0.68. The firm has a 50-day moving average price of C$1.39 and a 200 day moving average price of C$1.17.

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.