ATB Capital Has Lowered Expectations for Lycos Energy (CVE:LCX) Stock Price

Lycos Energy (CVE:LCX - Get Free Report) had its price objective decreased by ATB Capital from C$2.80 to C$2.25 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. ATB Capital's price objective indicates a potential upside of 56.25% from the stock's current price.

Several other research analysts have also weighed in on LCX. National Bank Financial upgraded shares of Lycos Energy to a "hold" rating in a report on Friday, May 30th. National Bankshares lowered shares of Lycos Energy from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from C$4.75 to C$2.00 in a report on Tuesday. Finally, BMO Capital Markets cut their price target on shares of Lycos Energy from C$3.50 to C$2.50 in a report on Tuesday.

Lycos Energy Stock Down 0.7%

Shares of LCX stock traded down C$0.01 during trading hours on Tuesday, hitting C$1.44. 12,064 shares of the company were exchanged, compared to its average volume of 65,329. The firm has a market cap of C$76.62 million and a PE ratio of 7.58. Lycos Energy has a 1 year low of C$1.41 and a 1 year high of C$3.55. The firm has a fifty day moving average of C$1.78 and a 200 day moving average of C$2.24.

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.