Leucrotta Exploration (CVE:LXE) Price Target Raised to C$0.80 at Canaccord Genuity

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Leucrotta Exploration (CVE:LXE) had its price objective upped by Canaccord Genuity from C$0.70 to C$0.80 in a research note published on Tuesday, BayStreet.CA reports.

Other research analysts have also issued reports about the stock. National Bank Financial reduced their price objective on shares of Leucrotta Exploration from C$1.50 to C$1.00 and set an outperform rating for the company in a research note on Thursday, November 28th. Royal Bank of Canada reduced their price objective on shares of Leucrotta Exploration from C$0.80 to C$0.70 and set a sector perform rating for the company in a research note on Thursday, November 28th. Finally, Beacon Securities reiterated a buy rating on shares of Leucrotta Exploration in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Leucrotta Exploration currently has an average rating of Buy and a consensus price target of C$1.28.

Leucrotta Exploration stock opened at C$0.78 on Tuesday. Leucrotta Exploration has a 1-year low of C$0.43 and a 1-year high of C$1.26. The firm has a market capitalization of $144.38 million and a price-to-earnings ratio of 390.00. The company has a current ratio of 1.65, a quick ratio of 1.18 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of C$0.68 and a 200 day simple moving average of C$0.65.

Leucrotta Exploration (CVE:LXE) last released its quarterly earnings data on Wednesday, November 27th. The oil and natural gas company reported C($0.01) earnings per share for the quarter. The company had revenue of C$6.11 million for the quarter, compared to analyst estimates of C$7.10 million. On average, equities research analysts forecast that Leucrotta Exploration will post 0.01 EPS for the current year.

Leucrotta Exploration Company Profile

Leucrotta Exploration Inc operates as an oil and natural gas company. The company acquires, explores for, develops, and produces oil and natural gas reserves in northeastern British Columbia, Canada. It holds interest in approximately 100,500 gross acres of Montney land in Doe/Mica. Leucrotta Exploration Inc was incorporated in 2014 and is based in Calgary, Canada.

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